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HomeMy WebLinkAboutResolution No. 394 554 RESOLUTION NO. 39 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOW IEY REQUESTING THE STATE LEGISLATURE TO ADOPT AB 487 WHEREAS, by a recent decision of the Supreme Court of this State, it was determined that possessory interests in personal property were not taxable; and WHEREAS, by reason of such decision, the local governmental agencies of this State will suffer a severe loss of revenue; and WHEREAS, Assembly Bill 487 has been introduced, the effect of which bill would be to permit the assessment and taxing of such possessory interests; and WHEREAS, the Board of Supervisors of the County of Los Angeles has urged the adoption of such bill; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. That the City Council of the City of Downey hereby does support the County of Los Angeles in its efforts to have Assembly Bill 487 adopted at the 1959 session of the State Legislature, and respectfully urges the Assembly and Senate to adopt said bill without further delay. SECTION 2. The City Clerk shall certify to the adoption of this resolution and cause a certified copy thereof to be for- warded to the Board of Supervisors of the County of Los Angeles and to such other persons and bodies as may be interested therein. APPROVED AND ADOPTED this <- 4 ' f day of February, 1959. i _i /..ti , // .� / ✓_ i�_,..� 40r Mayor ATTES of i , / / / / C ty 'lerk -1- 555 I HEREBY CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Downey held on the dad of February, 1959, by the affirmative vote of at least / councilmen, to wit: " x,‘ A Councilmen AYES: -/ NOES: Councilmen ABSENT: Councilmen Lid-7i /IL) City Ati__ • -2-