HomeMy WebLinkAboutReso 2680-1958RESOLUTION NO. 2680
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH
SAN FRANCISCO ENDORSING PROPOSITION I REGARDING
CONTINUATION OF THE CALIFORNIA VETERANS PROGRA~
WHEREAS, the State of California initiated in 1921, a Veterans Farm and Home
Program to provide returned California Service men and women with homes and farms on
a long-term, low-interest basis; and
WHEREAS, in the past 37 years the State has loaned its credit in the sum of
$1,135,000,000 to enable California veterans to finance homes and farms on a small-
payment, low-cost plan; and
WHEREAS, protection to the taxpayer and widows and orphans of veteran pur-
chasers has been provided through group insurance; and
WHEREAS, the Department of Veterans Affairs has so administered this program
that all payments due on these bond issues and all costs of administration have been
paid without the use of one cent of tax money, while creating a substantial reserve
and giving California veterans the opportunity to acquire homes and farms under the
most favorable terms available anywhere or anyhow; and
WHEREAS, funds heretofore approved by the people will soon be depleted by
loans made and applied for.
NOW, THEREFORE, BE IT RESOLVED THAT the City Council of the City of South
San Franc~co in meeting assembled this 4th day of August, 1958, does hereby endorse
Proposition No. I on the November ballot which provides $300,000,000 of Veterans
Bonds for the continuance of the California Veterans Farm and Home Program.
I hereby certify that the foregoing resolution was regularly
introduced and adopted by the City Council of the City of South San Fran-
ciscoat a regular meeting held on the 4th day of August, 1958, by the
foll0wing vote:
AYES, Councilmen G. J. Rozzi, Andrew Rocca, Emilio Cortesi, Leo J. Ryan
and Patrick E. Ahern
NOES, None
ABSENT, None
ATTEST:
ARTHUR A. RODONDI
CITY CLERK