Resolution - 27The following resolution was offered b,
Y_ _9
U_
seconded by,
and carried by the following votess.
• Tdowde, r
Robinson
Coffmann
Hedges
Reeg
RE SOLVED ,.that the City Council of the City of West Covina,
California, is definitely opposed to the' REVENUE BOND ACT
of 1937., known also as Senate Bill #200
1) In that It removes the safe ,guard previously had by re-
q4i,ring less than a 2/3 vote of -a local goverment body
to enter into almost any kind of utility business
2) we believe the act is. full of ineonsisten . a . ies and that
it would require years of litigation to.clarify its abs=dities
3) It Ma1kes the borrowing of money easy by a well organized
-minority that will have to be repaid by an unorganized majority
• 4) we believe that in the interest of property owners and tax-
payers the Referendto to be held at the state election- -
November 83-1938 should carry a NO vote.
Attest by the City Clerk
And Mail to Thomas A. Dille
Edison Building
Los Angeles, California