HomeMy WebLinkAboutReso 1968-4780RESOLUTION NO. 4780
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CIiULA VISTA
ENDORSING PROPOSITION NO. ONE ON THE JUNE BALLOT RELATING
VETERANS BONDS FOR THE CONTINUANCE OF THE CALIFORNIA VETERANS
FARM APdD HOME PROGRAM
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the State of California initiated, in 1921, a
Veterans Farm and Home Program to provide returned California service-
men and women with tomes and farms on a long-term, low-interest basis,
and
WHEREAS, in the past forty-•five years the state has loaned
its credit in the sum of TWO AND ONE-HALF BILLION DOLLARS to enable
California veterans to finance homes and farms on a small-payment,
low-cost plan, and
WHEREAS, protection to the taxpayer and widows and orphans
of veteran contract holders has been provided through group life and
disability insurance, and
WHEREAS, the Department of_ Veterans Affairs has so administered
this program that all payments due on these bond issues and all costs
of administration of the Cal-Vet Farm and Home Program have been paid
without the use of tax money, while creating a substantial reserve and
giving California veterans the opportunity to acquire homes and .farms
under the most favorable terms available anywhere, and
WHEREAS, funds heretofore approved by the people will soon be
totally obligated by loans made and applied f_or, and
WHEREAS, the lack of funds for new loans will affect the
economy by slowing new construction, and
WHEREAS, veterans of the Vietnam war will be deprived of the
time Honored acknowledgement by the State of California of its obliga-
tion to its sons who are fighting a terrible war at great sacrifice.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Chula Vista does hereby endorse Proposition No. One on the June
ballot, which provides $200,000,000 of Veterans Bonds for the continuance
of the California Veterans Farm and Home Program, and urges all citizens
to vote YES on said proposition.
Presented by
,.~ ._ _
M _~_
i ~ ~'" E'
Fred A. Ross, Chiesf Administrative
Officer
Approved as to form by
George D. indberg, Ci~v Attor
ADG~T?'P A?"D AP?ROVED by the CITY COLT??CIL of the CITE (`F C'_'t`L~, j':~ ~~ ~,
CALIFGRt~IA, this 28th day or
May
1868 bs, the roll,.-; nt ,>~~~~-= ..
t0-.r2 t
AYr'.^: Councilmen. McAllister, Scott, Sylvester Hamilton McCorguodale
'i'AY'.;:~ . Councilmen None
~at.~?';T: Counc~"lmen None
/'~ . ~~ ~~
..ayor of the City oz C'.ui~~ ~ ~ :ta
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A'TT~~'T `-~ ~ ~ ~ ~ f
°-£i"tv Clem: '?'
TA'TS' G'~ CAL i FGRr; IA j
C(?J:. ~`' ~F SA DIrGtI ) ss
CIT" GF CHULA `IISTA j
I, T_~P?T'L~"? '?. CA?'~PBRLL, City Clerk of the City of Ch~.~la. Viata~ Cal. ~ ~~ ~ ' a,
r_~G '.=_BR.E,E'~r CEuT_T_FY that r_he above anal foregoing is a full, cz°ue and cores: r c,>n~- nj
and that the same has r_ot bee- a-;:.ed~d
or r-,Puled,
AT~r;
City C1e r:: _._____._.~_ _._ _
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