HomeMy WebLinkAboutReso 1976-8109~~
RESOLUTION NO. 8109
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA SUPPORTING PROPOSITION 2 - CAL-VET BOND ISSUE
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the Cal-Vet housing fund for California veterans
will be exhausted by the time of the June 8th primary election, and
WHEREAS, the Cal-Vet program has helped 295,400 former
servicemen and women to buy homes and farms during the past 54 years
without a cent of cost to the taxpayer because the bonds are self-
liquidating, and
WHEREAS, the demand for such loans continues at the rate of
nearly 200 applications a week, and
WHEREAS, more than $100 million in Cal-Vet bonds are paid
off every year adding noting to State indebtedness, and
WHEREAS, the bonds will provide a substantial boost to the
lagging housing industry and to the California economy, and provide
thousands of jobs, and
WHEREAS, the Cal-Vet bond issue for $500 million on the
June 8th ballot will assure continuation of the program and its bene-
fits to ex-service personnel, and
WHEREAS, Cal-Vet bonds are supported by every major veterans'
organization, organized labor, business leaders, churchmen, women's
groups, ethnic minorities, and others.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Chula Vista does hereby endorse Proposition 2, the Cal-Vet
bond issue, and urges all-out public suppcart for the measure.
Presented by and Approved as to Form by
George D.~ in erg, Ci y Attorne~~
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF'
CHULA VISTA, CALIFORNIA this 6th day of April ,
197 6 , by the following vote, to-wit:
AYES : Counc2 Zmen Egdahl, Scott, Hobel, Hamilton, Hyde
NAYES : Councilmen None
ABSENT: Councilmen None
Mayor of the City of ~huZa tiista
ATTE5T -r ,~?~ ~ .E? ~ l
Cit Clerk
/'
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M< FULASG, CMC, CITY CLERK of the City of Chula V ~~~-a,
CaZ%fornia, DO HEREBY CERTIFY that the above and forego2nc~ ~;s a: ~`'ulZ9
true and correct copy a f
that the same has not been amended or repeaZede
:~ATL'D
anal
City CZer
(SEAL }
CC-660
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