58-85 Submit to electors Amend Sect 5 Article VIII

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Brown, Chtnnock ~allagher, Graham, KcBride, Salmon~ iiendli'ng d~ EHL~GENCT the C~c7 of hb~ ~o mud beckon 5 of ~tlc~e ~X o~ ~e ~uded ~rcer to cb~f7 ~rcains to ~ ~reccor of ~uce'o eer~lf~ca~ f~ds co met e~tTaccs. ~. ~r~t ~st~tut~ of ~Chor~ze ~ d~tect tbs ~ea~ ~ ~ electors of ~ ~cy of leneral ~ re~ar ~ci~2 electi~ ~o b bld n b~r S. 198~. thereto datelines uecemSmr~ for the ~edXate preoe~at~ou nY tb ~bXlc ~ac,. pro, roy. ~ed~ace~ effective b he~d on the hca opec!fled ~ thXs ordX~nce; bkevood, h~iholt ~ncT. ~Lo: Section 1. That this Counct! hereby authorizes Iud d%reccs the subniss~on to the electors of the ¢~cy of Libvood st the general and regular uunScipa! election to be bold at the usual plJces of voting anend the doended Charter of the C~ty. That Sect/on 5 of Lrt/clt Y~l! of the dmnded Charter of the City of Lakevood be muded to read All uoneys octully fa the Treasury to the credit of the fmd frouvhich they are to he dravu. Iud al! uoueTe apFltcable to the poTueut of the obligation or appropr~itlon %evolved. that ara antic~pated to em Into fie Treasury before the uaturlty of ouch contract, qreeBent or oblisac~ou. frou t/ltl or amsssmnts, or frou oases of IurT~cs. products or bT-yroducts or frou In7 City under,&k- or otbez credits In process of ~ollectton; and &ll uoneys applicable ~o the J4Tednt Of ouch obligation or appropriation. V~cb are to he pa~d Into the Treasury prior to the mturity thereof. &rising frou the la~e or lease of lands or other property, and uoneys to be derived frou 2Jv~u~ly authorized bonds. notes or other debt ob21gstiouo sold and In process of delivery shell he deeued In the Treasury Iud oubJoc~ to the certlficatiou referred to In bction & of this Article V~Z!. Section 2. That if the foregoing proposed aBeuduent IS approved by a M~ority Of the electors voiles thereon et ouch election. it shall bacons effective frou and after the t~ee of ice approval by the electors.