Ordinance - 590ORDINANCE NO. 590
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA CREATING AND ESTABLISHING A CAPITAL
OUTLAY FUND.
The City Council of the City of West Covina does ordain as
follows:
SECTION 1. There is hereby created and established a
.Capital Outlay Fund for the City of West Covina. Money may be trans-
ferred to or paid into said Capital Outlay Fund from any legally per-
mitted fund or source. Said fund shall be used only for the purposes
and shall be subject to the limitations set forth in Title 5, Division
2, Part 1, Chapter 4, Article 4 of the Government Code of the State of
California. Disbursements from such fund for permitted capital out-
lay purposes shall be made only when authorized by resolution of the
City Council.
SECTION 2. There is hereby appropriated and shall be
paid into said Capital Outlay Fund out of the proceeds of the 1958-59
ad valorem taxes accruing to the City of West Covina a sum equivalent
to the proceeds of a levy of 5¢ on each $100 of assessed valuation for
said fiscal year, to be paid into said fund as and when received.
SECTION 3. The City Clerk shall certify to the passage of
this ordinance and publish the same as ruired by 1 w..
Passed and approved this � — day of f , 1958.
Mayor
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF WEST COVINA
I, ROBERT FLOTTEN, City Clerk of the City of West Covina,
do hereby certify that the above Ordinance No.--!;-90 was regularly
introduced and placed upon its rst readi at a regular meeting
of the City Council on the 'Yv"-- day of 1958. That
thereafter, said ordinance was 3uly adop'fecr and p d at �/pgj,i�d
meeting of the City Council on the day of �J 1958,
by the following vote, to -wit:
AYES: Councilmen: Heath, Pittenger, Barnes, Mayor Mottinger.
NOES: Councilmen: None.
ABSENT: Councilmen: Brown.
City Clerk