CC - 1970 - 019 - Urging Citizens to Vote Yes on Prop 7•
CITY OF ROSEMEAD
RESOLUTION NO. 70-19
0
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ROSEMEAD URGING THE CITIZENS OF SAID CITY
TO VOTE YES ON PROPOSITION 7.
WHEREAS, the State of California faces a financial
crisis because of its inability to sell bonds of vital concern
to each and every resident; and,
WHEREAS, because of inflation, the State needs approval
to raise the interest rate not set at 5% to a more realistic
level not to exceed 7%; and,
WHEREAS, the voters have already approved issuance of
the bonds which cover such critical needs as water, school
construction, veteran building loans, and park and recreation
facilities; and,
WHEREAS, the massive State Water Project is already
two-thirds completed and would cost more to stop than to finish;
and,
WHEREAS, the alternative to non-passage of Proposition 7
would be an increase in the sales tax or some other form of
painful taxation affecting everyone;
NOW, THEREFORE, BE IT RESOLVED, that the City Council
of the City of Rosemead does hereby wholeheartedly endorse
Proposition 7 and urges all citizens to vote "YES" at the
election June 2.
1970.
PASSED, APPROVED, and ADOPTED this 24th day of March,
MAYOR OF THE CITY OF ROSEMEAD
ATTEST:
CITY CLERK-