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HomeMy WebLinkAbout0340 Resolutioni RESOLUTION NO 340 A RESOLUTION AUTHORIZING THE INVESTMENT OF INACTIVE FUNDS AND FUNDS IN EXCESS OF CURRENT NEEDS OF THE BITY OF PASCO WHEREAS the finance committee of the City of Pasco has advised that an investment be made of inactive funds and funds in excess of current'needsi.and WHEREAS the City Council of.the City of Pasco deems such invest - went to be in the best interests of the City of Pasco# now, there* fore,# THE CITY COUNCIL OF THE CITY OF PASCO DOES RESOLVE AS FOLLOWS: SECTION Is That the sum of $306,000,00 be invested in United States Bonds# United States certificates of indebtedness, Washington State.Bonds or Warrants, General Obligation Bonds or Warrants or Utility Revenue Bonds or Warrants of its won or of any other City of the State of Washington, or in its own Bonds or Warrants of a Local Improvement or condemnation award district which are within the protection of the Local Improvement Guaranty Fund Law for a period of ninety (90) days from the following funds in the follow Ing amounts: Water & Sewer Construction Fund, 1954 $200,000,00 Building and Alterations 50#000000 Airport 15,000.00 Firemen's Relief 7,000000 Cemetery Trust 1000*00 G. 01 Be -Bond 1tt, 000„00 L � I* D* Guarantee 12,#000:00 SECTION II: That the sum of $180,00000 be invested in any of the aforesaid securities enumerated in Section I for a period of sixty (60) days from the following fund in the following amount: Water & Sewer Construction Fund, 1954 $180,000*00 PASSED AND APPROVED THIS 19th DAY OF JANUARY, 1954, ATTEST, MAY5R APPROVED: CITY CLERK�j U C TY ATTORNEY ;Z UU✓ U (7 Iry r� So ave ov / �6,(r o a �'1-11 - 666