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151! pass and adopt Ordinance No . 362 fixing and establishing the tax rate of said city for the fiscal year 1935-1936 , and WHEREAS , in and by said tax rate so fixed and established, as afore- said , the rate of thirty cents ( $ . 30 ) upon each one hundred dollars ( $100) of the assessed valuation of all property in said City of Redwood City was fixed and established for the payment , principal and interest , of 1915 bonds , due and delinquent of said city , and WHEREAS , the city officials have not as yet computed the taxes levied upon each parcel of property shown upon the assessment roll of said city and that no taxpayers or third persons will be injured in any way by reducing the thirty cent ( $ . 30 ) levy upon each one hundred dollars ( $100) of the assessed valuation of all property in said City of Redwood City for the payment of 1915 bonds , principal and. interest , due and delinquent , of said city to ten cents ($ .10 ) instead of the thirty cents ( $ . 30 )provided in said ordinance . NOW THEREFORE BE IT RESOLVED by the Council of the City of Redwood City that the City Clerk ( there being no City Auditor ) be and he is hereby ordered and directed to compute and carry out the amount of taxes levied on each parcel of property in the assessment roll of said city and in such com- putation to compute for the payment of 1915 bonds , principal and interest , the sum of ten cents ( $. 10) upon each one hundred dollars ($100 ) of the assessed valuation of all property in said City of Redwood City instead and in place of the thirty cents ( $ . 30 ) provided for that purpose in Ordinance No . 362 herein before mentioned. AND BE IT FURTHER RESOLVED that the Tax Collector of said city be and she is hereby ordered and directed to collect instead of the thirty cents ( $ . 30 ) mentioned hereinabove for the payment of 1915 bonds , principal and interest , due and delinquent , the sum of ten cents ( $ . 10 ) upon each one hundred dollars ( $100 ) of the assessed valuation of all property in said City of Redwood City as above set forth and provided for. Passed and adopted by the Council of the City of Redwood City at a regular adjourned meeting thereof held on the 30th day of September , 1935 , by the following vote : Ayes and in favor of the passage of the foregoing resolution : Councilmen: J. M. Eva , E . A. Fletcher , R. N . Jones , P. A. McCarthy , G. W. McNulty , C . G. Lambert . Noes and against the passage of the foregoing resolution: Councilmen: None . Absent : Councilman L . C . Christensen. STATEMENT OF RESULT OP ,FCTION I , B . E . MYERS , City Clerk of the City of Redwood City , California, do hereby certify that a special municipal election was duly and regularly held in said City of Redwood City on September 24 , 1935 , and that the returns of said election have been duly and regularly made , and the result thereof has been duly and regularly canvassed and declared by the City Council of the City of Redwood City on September 30 , 1935 ( the first Monday after said election) , at the hour of g o ' clock P . M. , at the usual meeting place of said City Council in the City Hall of Redwood City , State of California, and that the following statement is a statement of the result of said election. 1 . The whole number of votes cast in said City of Redwood City at said special election was 1134. 2 . The proposition voted upon at said special election was as follows : PROPOSITION : Shall the City of Redwood City incur a bonded indebtedness in the principal sum of $425 , 000. 00 in accordance with the provisions of the ordinance calling the election at which this proposition is submitted, for the object and purpose of acquiring the following municipal improvement of said City, to-wit : A municipal investment bond fund to be used for the purchase of municipal securities or evidences of debt either of said City of Redwood City or of boroughs or districts therein; including municipal bonds of said City , bonds of boroughs or ' districts therein or any bonds or liens arising out of the construction or acquiring of public improvements by local assess- ment within said municipality?