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HomeMy WebLinkAbout11r ORDINANCE N0, 11 AN ORDINANCE PROVIDING FOR THE CARE AND EXPENDITURES OF MONEYS RECEIVED FROM THE STATE OF CALIFORNIA UNDER THE PROVISIONS OF ARTICLE 5, CHAPTER 1 DIVISION 1 OF THE STREETS AND HIGHWAYS CODE OF THE STATE OF CALIFORNIA AND DECLARING AN EMERGENCY TO BECOME EFFECTIVE UPON PASSAGE. THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS DOES ORDAIN AS FOLLOWS: SECTION 1. To comply with the provision of Article 5 of Chapter 1 of D v Sion 1 of the Streets and Highways Code of the State of California with particular reference to the amendments made thereto by Chapter 642 Statutes of 1935 there is hereby created in the City Treasury a special Fund to be known as the "Special Gas Tax Street Improvement Fund". SECTION 2. All moneys received by the City from the State of California under the provisions of the Streets and Highways Code of the State of California for the acquisition of real property or interest therein or for the construction, maintenance or improvement of streets or highways other than State Highways, shall be paid into said fund. SECTION. All moneys is said fund shall be expended exclusively for fie purposes authorized by, and subject to all of the provisions of Article 5. Chapter 1 Division 1 of the Streets and Highways Code of the State of California. SECTION . This Ordinance shall be and is hereby declared to be an emergency measure and shall take effect immediately upon passage being for the immediate preservation of the public peace, health, safety and welfare inasmuch as it is required that the Town of Los Altos Hills establish and have effective on or before April 3, 1956, a special fund as herein provided for or the said City will not become eligible for the current gas tax funds available to it and necessary for its economic stability end protection of its ways and highways. SECTION 5. This Ordinance shall take effect immediately after its adoption and shall be posted in three public places within the Town of Los Altos Hills. Introduced March 3, 1956. ADOPTED AND PASSED _March 3. 1956 , by the following vote: AYES: Councilmen Bledsoe, Dungan, Fowles Mayor Treat NOES: None ABSENT: Councilman Rothwell ayor 7ATTESTS City Clark CERTIF�i &T