HomeMy WebLinkAboutReso 1960-2450 ^ < 4 AA,, .
. . . , ,. RESOLUTION NO. 2450
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA IN SUPPORT OF THE' V TERANS BOND j
ACT OF 1960 '
WHEREAS, the State of California initiated in 1921 a
Veterans Farm and Home Program to ,provide returned California
service men and women with homes and farms on a long-term,
low-interest basis; and , ,
, WHEREAS, in the past 39 years; the State has loaned its
credit in the sum of $1,435,000,'000 to enable California'
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, veterans to finance homes and 'farms on 'a' small-payment, low-
,
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cost plan; and '
WHEREAS, protection to the taxpayer and widows and orphans
of veteran purchasers has been provided through group insurance;
and
I\ , WHEREAS, the Department of� Veterans Affairs has so adminis-
- t red this program that all payments due on these bond issues ,
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and all costs of" ddministration have been paid without the use
of one cent of tax money, ,while creating a substantial reserve
and giving California veterans the opportunity to acquire homes
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and farms under the most 'favorable terms available anywhere or
anyhow; 'and ' '
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WHEREAS, funds heretofore, approved by the people'will soon
be depleted by loans made, and applied for. .
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NOW, 'THEREFOR'E _BE IT RESOLVED, that the City Council of the
City- of Chu'la`iVista at this regular meeting held on May 17, 1960,
does hereby endorse Proposition No. "1 'on .the June ballot-which
provides $400,0001,000 of Veterans Bonds for the continuance of
the California Veterans Farm. and ,Home Program.
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ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF
CHULA, VISTA, CALIFORNIA, this 17th day of May 19 60
by the following vote, to-wit:
AYES: COUNCILMEN Smith.McAllister,Menzel,McMains
NAYS: COUNCILMEN None
ABSENT: COUNCILMEN DeGraaf
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STA TtIF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, KENNETH P. CAMPBELL, City Clerk of the City of Chula Vista,
Cal ;fornia, DO HEREBY CER'1'u x that the above and foregoing is a full,
true and correct copy of Resolution No. , and that the same
has not been amended or repealed.
DAZED •
Ci£y Clerk