A fund is hereby created for capital outlays under the provision of that certain Act
of the Legislature of the State of California, entitled: "AN ACT TO PROVIDE FOR THE
LEVY AND COLLECTION OF TAXES AND ASSESSMENTS FOR THE PURPOSE OF CREATING A FUND FOR
CAPITAL OUTLAYS BY CITIES, COUNTIES, CITIES AND COUNTIES OR DISTRICTS," approved July
1, 1937, and being Chapter 717 of the Statutes of 1937, as thereafter amended by Chapter 341, Statutes of 1941,
page 1590.
(Ord. 715-N.S., § 1)
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