HomeMy WebLinkAbout125ORDINANCE NO. 12 S
AN ORDINANCE OF THE CITY COUNCIL OF THE TOWN OF LOS
ALTOS HILLS ESTABLISHING A SPECIAL LAND ACQUISITION
FUND
THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS DOES
ORDAIN AS FOLLOWS:
1. There is hereby established a special fund for the
Town of Los Altos Hills, designated The Special Land Acquisi-
tion Fund. The purpose of said fund shall be to provide for
the acquisition and improvement of lands for public purposes
for the Town of Los Altos Hills.
2. No moneys shall be expended from the Special Land
Acquisition Fund except for the purpose of purchasing,
leasing, or otherwise obtaining, real property, or rights in
real property, or improvements thereon, within or without the
town of Los Altos Hills, California, for the municipal pur-
poses of the Town of Los Altos Hills.
3. Funds may be expended from said Special Fund, for
the purposes hereinabove designated, from time to time at the
discretion of the City Council of the Town of Los Altos Hills.
4. No special bank account or depositary need be estab-
lished for the Special fund hereby created, provided that a
separate record shall kept therefor in accordance with generally
accepted accounting procedures.
5. This ordinance shall be posted in three (3) public
places and shall become effective thitty (30) days following
its adoption.
I HEREBY CERTIFY that the foregoing ordinance was introduced
at a regular meeting of the City Council of the Town of Los Altos
Hills held on June 5, 1967, and was thereafter at a regular
meeting of said Council held on June 19, 1967, passed and adopted
by the following roll call vote:
AYES: Councilmen Aiken, Benson, Davey Fowle, Mayor Henley
uooaio a FAIBANT NOES. None ATTE
ABSENT: None
APPROVED:
� tyer
Mayor