HomeMy WebLinkAboutRES NO 50-60RESOLUTION,'NO. 50-60
WHEREAS, the State of Cali,~orni'a init.iated in 1921. a
V~terans Farm and Home Program to-proVide returhe'd California service
men and Women with homes and farms on a longsterm, low=interest basis;
and
.... WHEREAS~ in the past 39 years the..S~ate Has loaned its
credit in the-sum of $1,'435,000,'000 .'to enable Cati£ornia veterans
to finande homes and farms on a small-payment, low-cost plan; and
" WHEREAS,-protection tj"th'e. taxpayer and widow' and. 8rphans
o.f veteran purchasers has been provided through group insurance; and
WHEREAS,-the Department of Veterans Affairs has so admini-
stered this program that all payments due on those bond. issues and'
all costs of. a~ministration have bee'n p~id withO'ut'the use o'f one Cent
of tax:money, while creating'a subst'an.tial reserve and giving California
veterans the' o~p0rtunity to acquire homes and farms under thS most ..~
favo~abie terms available anywhere. o~ anyhoW; and
WHEREAS~ funds heretofore approved by..the people will soon
be depIeted' by ~oans made and appliB.d for.
NOW,~ THEREFORE,.LBE IT RESOhVED t~at the' City Coundil-of the
City of Bakersfield does hereby endorse Proposition No~ 1 on the June
ballot which provides $400~000,.000 of Veterans Bonds for the continu-
ance of the California Veterans Farm and Home Program.
o0o
-I-HEREBY CERTIFY that the foregoing Resolu~i0n was passed and
adopted by the.COuncil of the City Of Bakersfield' at a' regular meeting
-~hereof held on the 23rd d~y of May~ 1960~ by the'$ollowing vote:
Ayes.: -.-B'alf~hz, Bentley~ Carnakis',[Collins~ CroeS, D~olin~ Stiern
'Noes: None
Absent: None ' ' '¢x' '4' '" ' ' '
- '.'
. CI ~a~d- -Offic~rk 'of
..... 00~-~" · .
MAYO~ff the Cit~<t~f Bakersfield.
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