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CC RESOLUTION 510RESOLUTION NO. 510 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, FIXING THIS RATES OF TAXES LEVIED IN AND FOR SAID CITY, SUFFICIENT TO RAISE THE AMOUNT OF MONEY FIXED BY THE SAID CITY COUNCIL IN ORDINANCE NO. 233 THEREOF, PASSED AND ADOPTED ON THE 21ST DAY OF AUGUST, A. D., 1940, AND THE EXPENSE OF COLLECTION OF SAID AMOUNT, THE SAID RATES HEREIN FIXED BEING THE RATES OF TAXES IN AND FOR SAID CITY FOR THE CURRENP FISCAL YEAR 1940 -1941. WHEREAS, the City Council of the City of E1 Segundo, California, did, at a regular meeting thereof held on the 21st day of August, 1940, duly pass and adopt an ordinance, being Ordinance No. 233, of said City, fix- ing the amount of money necessary to be raised by taxation upon the taxable property therein as a revenue to carry on the various departments (including the E1 Segundo Public Library) and pay the bonded indebtedness of said City for the current fiscal year 1940 -1941; and to pay the bonded indebtedness of Act of 1927 Municipal Improvement District No. 1 of said City for said current fiscal year at the total sum of :146,867.96; AND, AREAS, said Council estimates that the expense of collecting the above amount so fixed will amount to the sum of $554.67; AND, WHEREAS, it is now the duty of said City Council to fix the respective rates of taxes necessary to be levied within said City in order to raise the respective amounts of money necessary to be raised by taxation therein for the current fiscal year 1940 -1941; 1- 33a NO " ". TH:IREFORE, the City Council of the City of E1 Segundo, California, does hereby resolve, declare and determine as follows: SECTION 1. that the respective rates of taxes necessary to be levied upon the taxable property or taxable land (as provided by law) within the said City of El Segundo, California, and within the respective portions of the said City hereinafter referred to, in order to raise the amounts of money necessary to be raised by taxation upon such tax- able property or taxable land (as provided by law) as a revenue to carry on the various departments (including the ..;l Segundo Public Library), and certain districts of such municipal corporation for the current fiscal year 1940 -1941; to pay the bonded indebtedness of said City and the bonded indebtedness of Let of 1927 Municipal Improvement District No. 1 of said City referred to herein and in said Ordinance No. 233 for said current fiscal year; and the expense of collection of said amounts, shall be and the same are here- by fixed, established and levied as follows: (1) In all that certain portion of said City of El Segundo, California, designated to Ordinance No. 152 of said City as '*Tax District No. I ", such rate;; on each 4100 of the assessed valuation of taxable property of the said portion of said City of Ll Segundo, shall be and the same are hereby fixed and established as follows: For carrying on the various departments of said City (including the E1 Segundo Public Library) at ..... eighty -one cents 4 81 For paying the bonded indebtedness of said City, at ... twenty -one cents 4-21 Making the total rate hereby levied for said Tax District No. 1. one dollar two cents v 1.02 2- e J.R/ (2) That in all that certain portion of said City of Ll Segundo, California, designated in Ordinance No. 152 of said City as "Tax District vo. 2 ", such rates on each 41OU of the assessed valuation of taxable property of the said portion of said City of Ll Segundo, shall be and the same are hereby fixed and established as follows: For carrying on the various departments of said City, (including the Ll Segundo Public Library), at ..... eighty -one cents .81 For paying the bonded indebtedness of said City, at .... nine cents ri .09 Making the total rate hereby levied for said Tax District N0. 2 .. ninety cents y .90 (3) That in all that certain portion of the City of 10 Segundo, California, named, designated and known as jet of 1927 Municipal Improvement District No. 1 of said City the rate on each $100 of the assessed valuation of taxable land of said district (in addition to the rates hereinabove fixed and established) for paying the bonded indebtedness of said Act of 1927 Eunicipal improvement District No. 1 of said City shall be, and the same is hereby fixed and established at .. fifty -two cents y� .52 SECTION 2. That ",ict of 1927 Municipal improvement District No. 1 of the City of kl Segundo, California", here - inabove referred to is that certain municipal improvement district within said City contemplated by and described in Ordinance No. 178 of said City adopted on the 12th day of August, 1931, and proceedings had in connection therewith, which said ordinance is now on file in the office of the City Clerk of said City and is hereby referred to and by this reference incorporated herein and made a part hereof 3- 33'. t for all further particulars with reference to the said district and the extent thereof and the land included therein. SECTION 3. That the City Clerk shall certify to the passage and adoption of this resolution; shall cause the same to be entered in the book of resolutions of the said City, and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City in the minutes of the meet- ing at which the same is passed and adopted. Said City Clerk shall also immediately after the passage and adoption of this resolution, cause a copy thereof, duly certified, to be transmitted to the auditor of Los Angeles County, California. This resolution shall take effect immediately. Passed, approved ana adopted this 21st day of rugust, n. D., 1940. 24TT . T: Cit (SEAL) 4- Meyo-City of Sl Segundo, California. STATE OF CALIMENTA ) ) COUNTY OF LOS ANGELES ) SS. CITY OF EL SEGUNDO 3 I, Victor D. McCarthy, City Clerk of the City of El Segundo, California, do hereby certify that the whole number of members of the City Council of the said City is five; that the foregoing resolution, being Resolution No. 510, was passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 21st day of August, A. D., 1940, and that the same was so passed and adopted by the following vote: AYES: Councilmen Gerow, Hesser, Love, mayor Binder i NOES: Councilmen None ; ABSENT: Councilmen Selby WITNESS my hand and the official seal of said City this 21st day of August, A. D., 1940. (SEAT.) 5- v C'�erk of t e ¢ f ; E1 Segundo, California. IIe � f