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