ORDINANCE 1041A5556A
ORDINANCE NO. 1041A
AN ORDINANCE OF THE PEOPLE OF THE CITY OF EL SEGUNDO
CHANGING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR
1980 -1981 AND DIRECTING THAT TAX REVENUE ALREADY
COLLECTED IN THAT YEAR BE EXPENDED ONLY AS DIRECTED
BY THE VOTERS.
THE PEOPLE OF THE CITY OF EL SEGUNDO, CALIFORNIA, DO ORDAIN
AS FOLLOWS:
SECTION 1. Change of appropriations limit. The appropriations
limit for fiscal year 1980 -1981 set pursuant to Article XIII B of the
California Constitution is hereby changed to the extent set forth in
Section 2 of this ordinance.
SECTION 2. Authority to appropriate tax revenues collected in
the 1980 -1981 fiscal year to reserves for capital needs. The El Segundo
fiscal year 1980 -1981 appropriations limit provided for in Article XIII B
of the California Constitution shall be changed to permit the appropriation
to a Voters' Trust Account of up to $2,345,538 from the unexpended fiscal
year 1980 -1981 proceeds of taxes.
SECTION 3. Voters' Trust Account. The City Treasurer is directed
to establish a special account entitled, "Voters' Trust Account" and shall
transfer to said Voters' Trust Account the sum of $2,345,538. Said Voters'
Trust Account may be expended only by direction of the voters of the city
at an election to be held at a future date.
SECTION 4. Saving clause. The intent of this initiative is to
comply with California Constitution Article XIII B. If any section, part,
clause, form, word or phrase hereof is for any reason held to be invalid,
the remaining provisions of this act shall remain in full force and effect
and shall be interpreted to serve the intent of this ballot proposition.
SECTION 5. This ordinance shall become effective immediately upon
receipt of the Certification of Election, from the Los Angeles County
Registrar Recorders Office, showing the results of said election held
November 2, 1982.
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SECTION 6. The City Clerk shall certify to the passage and
adoption of this ordinance and shall cause the same to be entered in the
book of original ordinances of said city.
PASSED, APPROVED and ADOPTED this 7th day of December, 1952.
Ma or o the City of El Segundo, California
ATTEST:
/� '4
City Clerk
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Valerie A. Burrowes, City Clerk of the City of E1 Segundo,
California, do hereby certify that the foregoing ordinance, being
Ordinance No. 1041A, is a full, true and correct original of Ordinance
No. 1041A of the said City of E1 Segundo, California, entitled:
AN ORDINANCE OF THE PEOPLE OF THE CITY OF EL SEGUNDO
CHANGING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR
1980 -1981 AND DIRECTING THAT TAX REVENUE ALREADY
COLLECTED IN THAT YEAR BE EXPENDED ONLY AS DIRECTED
BY THE VOTERS.
which was duly adopted by the Electorate of the City of E1 Segundo at
a Special Municipal Election held November 2, 1982 by the following
vote:
YES 4,780 votes NO 863 votes
which was duly signed by the Mayor of said City and attested by the
City Clerk of said City.
I do hereby further certify that pursuant to the provisions
of the California Elections Code, foregoing Ordinance No. 1041A was duly
published according to law in the Voters Pamphlet issued for said
election, said pamphlet mailed to each elected voter in the City of
IT Segundo.
City Clerk of the City of E1 Segundo,
California
(SEAL)
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