HomeMy WebLinkAboutResolution - 942 I RESOLUTION NO. 942
2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO
ENDORSING PROPOSITION 1 , THE $250 MILLION CAL-VET BOND ISSUE
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WHEREAS, without additional funding provided for in Proposition I on the
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5 June 6 Primary Election Ballot, the Cal-Vet farm and home loan program will be
6 unable to grant any further loans; and
7 WHEREAS, the California Department of Veterans Affairs now has more than
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3000 approved applications now on file and anticipates another 5000 during 1972;1
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9 and
10 WHEREAS , California now has 600,000 Vietnam veterans , increasing at the
11 rate of 8000 each month , every one of whom should have the same opportunity for
12 low-interest loans offered previous veterans; and
13 WHEREAS , the Cal-Vet farm and home loan program is self-supporting and
14 self-liquidating at no cost to the taxpayers; and
15 1 WHEREAS, this is an exemplary program acclaimed as a model throughout th
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16 ! nation; and
17 WHEREAS, fourteen previous Cal -Vet bond issues submitted to the voters
18 since inception in 1921 have been approved; and
19 WHEREAS , the benefits derived from such loans are not only incalculablE
20 to the veteran , but also to the homebuilder , the businessman and to the Cali-
21 fornia economy in general
22 NOW, THEREFORE , BE IT RESOLVED, that the City Council of the City of San
23 i Jacinto does hereby endorse Propoistion 1 , the $250 million Cal-Vet bond issue
24 on June 6, 1972 ballot and encourages members and friends to vote for it.
25I MOVED, PASSED AND ADOPTED this 2nd day of May 1972 by the following vote:
AYES: Councilmen Stevens , Brooks , Wallace, Sanzberro and Cutting.
26 1 NOES: None
27 ABSENT: None
zoxe e.,
28 ATTEST : �0
LUCY �Anv. ALLEN , CI7YCLERK Mayor
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"CZ-4,
30 DLaputy CERTIFICATE
The foregoing is certified to be a true copy of a Resolution duly adopte
31 by the said City Council of the City of San Jacinto on the date therein set for h.
32 LUCY, �AY ALLEN, ,CITY CLERK
-LXC -
Deputy