R-284 - Laserfiche WebLink

Home

'to {.'1 l . , N', I ~- -.~ """--~ ~-~ -- RESOLUTION NO. 284 (Iew Series j. REllOJ,..UTION' OF Tn!: c6AiiibN. COmiCII.;OF'l'HE; ciTY. OF RITERSIDE DECLARING.TtlAT,THEPUBLIC'INTEREST AND NECESSITY REQUIRE,' THE JlIllIlllJI(;A!HIUAL PER CENT.' OF DEPRECIATION OF THE PIlO- PER'l'Y' OF,_, 'l'HE E11~CTRIC LIGHT DEPARTMEllTAND OTHER. PUBLIC . " ~UTJLITIES',l.'I'013E CHARGED OFF, '1'0 BE REDUOED FROM FIVE PER .~ , OENT. . TO 'I'1!ll PER CENT. WHEF~AS the Board of Public Utilit1ee of the Oity of Riverside," at its meeting held the ~th ~y of May, 19l~, " . -'_ - _' ,'0' duly paeeed and adopted a reeo1ution deolaring that in the i opinion of Bald Board, the minimum peroentage of depreoia- " tion to beoharged off each year from the value of the pxo- perty of the Eleotrio Light Department of Baid City, and to bB tranei:Brred from the Ele~trio Fund oil eaid City, to ( the Depreoiiition Sinking Fund of Baid City, should be re- duoedfrom 'five (5).per oent. to tWO (2) per oent., and re- , queeting the Common Counoil of said City to take all neoee- . -, sary stePB" to submit to the e1eotors of said City, at a II 0 speoial eleotion to be Oal1ed therefor in pursuanoe to seo- " tion 173 i:f the City Oh&1'ter of said Oity, and to be held. - prior to the firBt day of July, 191~, the propoeition of ,i " reduoing ',he minimwn peroen'tage of Baid annual depreoiation, ir~1Il f1:;e' (5) per oent. to two (2) per oent. j :' NOW THEREFORE BE IT RESOLVED BY THE COllMON COUN- n i, CIL OF T~E CITY OF RIVERSIDE: Stotion 1. That the pub1io intereet and neoee.- I! v - 0 requ~re, that t~e minimum peroentage of depreoiation to ity ..:. - ! be Ohe.rg:,d offeac~" year from the value of' the property of. I. 0 ~ _ ~'. thB E1eo'trio Light"DePartment of Ba.id City, and to be trane- Jsrred frOm the Eleotric Fund'of Baid City to the Depreoiation : 1'(" Pag:/l.