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RESOLUTION NO. 948•
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO, CALIFORNIA, FIXING
THE RATES OF TAXES LEVIED IN AND FOR SAID
CITY, SUFFICIENT TO RAISE TEE AMOUNT OF
MONEY FIXED BY THE SAID CITY COUNCIL IN
ORDINANCE NO. 337 THEREOF, PASSED AND
ADOPTED ON THE 25th day OF AUGUST, A. D.
1948, 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 CURRENT FISCAL YEAR 1948 -1949.
WHEREAS, the City Council of the City of El
Segundo, California, did, at a regular meeting thereof held
on the 25th day of August, 1948, duly pass and adopt an
ordinance, being Ordinance No. 337 of said city,fixing 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 1948 -1949; to pay the bonded indebtedness of Act
of 1927 Municipal Improvement District No. 1 of said city for
said current fiscal year; and to meet and pay the obligations
of said city to the State Employees' Retirement System under
the provisions of the California State Employees' Retirement
Act, at the total sum of $344,545.43.
AND, WHEREAS, said Council estimates that the
expense of collecting the above amount so fixed will amount
to the sum of $1,048.86.
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
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