HomeMy WebLinkAboutRESO 744.,,---···-.. -· ... -··-·-.. --·
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RES C L UTI 0 n· N 0. 744 ------------..... _...
r::~~.OVJT:O'N STATIUG THE f\ESUtTS C'F AN :U.EC'TION HEir UPON
'MAY 1~, 1929, IN f1E!.AT!ON TO Tn::: ?~lli"BARCAt·ERO ROIJ) SUB'I:IIY
A)it TilE TRANSFER OF l{ONEY FHOM TtJ.E PALO t.LTO A'\i'El.'UE
3UBWAY f"tf~ TO THE ;:JENERA!. FU 1"D :
· The cou.ncil of the Ci tr of Palo Alto LC1 RE:~CL\'!::
&13 follows:
VlHEREAS, an election was dul;,t called a:nd hole. in
tll·~ City of Palo Alto on the 13th day of May, 1929, 1n
which the proposition was placed before the voters to
a1.1.thorize e. bonded indebtedness 1n the sum of $60,000
f()r th'; o.c-tu1s1t1on, ~onstruction and completion of a
su.bw,o.y at the Ernbar·-;e.dero Road crossing; s.nd
·:mEEEAS,· at the said election, the propos1 t1on
w11s placed before the eloctors of the C1 ty o.f .Palo Alto
t<> s:.l thori ze the tram! fex· of the Palo Alto Avenue S'J.bvar:r
:Ftmds to t:ne General Fund for street purposes. in
c<,nnect1on with sn1d subway; a.nd,
'•~1IEP.EAS, this counc:! 1 f 1nds frorr: the returns of
the ~lection officers and canvass or th~ votes, thnt
the-proposition to incur a. bonded indc~)tednaas o.f :;;.60,000. :)0
for said. proposi.tj.on, and the proposi Uon to t;rRnsfer
the Palo Alto :·,venut: Sub.':u:/ f'..l.n<l3 .r~nve both .t'o.ileC. to
rcco:t v ... : the I'.;l~u1s1 to numbf..l!' of votes to carry ~.aiel
propos1 tiona lmd. au thl'H•ize the incurment of th~ indebted-
ness or thv trftns fer of said f\mds:
NO'N, THEREFC~'i.?., it Ls h~reby RFSOLVED ths.t the
proposition to incur said bor.ded indebtedness in the
su~ of ~so.ooo.oo has fulled to receive a two-thirds
vote for lts authorization, ant that tho pro;-ositicn cf
the tra.nafer of the Palo Alto Avenue Subway Fund hus
fulled t.o receive the re-tuia1t.;-two-th1r·us vote to
au tho::·1ze said transfer; and i.t· 'ie therefore decided
that said propositions have failed to carry.
The above and foregoing :r·esolutlon wns passed
on the 14th day of May, 1929, by the following vote:
AYE3:
NOES:
Bertsch.e, Ca the art, Cottrell, Hobart, hoge,
.:on.nson, Kell·:,·,l.aust;en, Tho.:. ts,Thoma.a;:ang;i;ooa.
hone.
ABSENT: Christensen, Jordan, 'Nllislex-..
Approved~ or
~ Attest: City Clark
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