HomeMy WebLinkAbout0391 ResolutionRESOLUTION NOy�
WHEREAS Ordinance No. 878 provides for the issuance and sale of General
Obligation .Bonds of the City of Pasco in the principal sum of $20, 000 for the purpose
of constructing and furnishing a second fire station for the City of Pasco, providing
the date, form, terms and maturities of said bonds and for annual tax levies to pay
the principal and interest thereof, and creating a fund for the payment of such prin-
cipal and interest and
WHEREAS the City Council of the. City of Pasco is desirous of purchasing
said bonds from available moneys in the following funds in the following amounts:
Cemetery Trust Fund " $4, 000; and Consumer Deposits Fund «- $1F,1'000-00,,-, and
WHEREAS the Finance Committee of the City of Pasco has approved the pur.
chase of said bonds by the City of Pasco from said funds in the amounts set forth
above NOW THEREFORE
THE CITY ,.COUNCIL OF THE CITY OF PASCO DO RESOLVE AS FOLLOWS
Section 1. The sum of $4, 000 from the Cemetery Trust Fund shall be used
to purchase bond numbers 1 to. 4 inclusive City of Pasco General Obligation Bond 1957.
Accordingly the sum of $3, 986. 67 shall be transferred from the Cemetery Trust Fund
to the Fire Station No. 2 Construction and. Furnishings Fund; and the sum of $13. 33,
shall be transferred from the Cemetery Trust Fun d to the 1957 Fire. Station No. 2
General Obligation Bond Redemption Fund to cover accrued interest for the month of
January 1957.
Section 2. The sum of $16, 000 from the Consumer Deposits Fund shall be used
to purchase bond numbers 5 to 20 inclusive City of Pasco- General Obligation Bond 1957.
Accordingly the sum of $15, 946. 67 shall be transferred from the Consumer Deposits
Fund to the Fire Station No. 2 Construction and Furnishings Fund; and the sum of $53. 33
shall be transferred from the Consumer Deposits Fund to the 1957 Fire Station No. 2
General Obligation Bond Redemption Fund to cover accrued interest for the month of
January 1957.
Section 3. Any moneys remaining in the. Fire Station No. 2 Construction and
Furnishings Fund after all expenditures for construction and furnishings have been
• ay '
made and shall be transferred to the 1957 Fire Station No. 2 General Obligation Bond
Redemption Fund to redeem outstanding bonds in accordance with Ordinance No. 878.
PASSED by the Council and APPROVED by the Mayor this 5th day of February,
1-1957.
Mayor
Attest:
City Clerk
Ap r Ld4st r
w
City`Attorney
.►,..t:;l,;� Ll�r.�` lC:� Fri �`ae .;;.. � c
ai'IUJXLAS Ordinaacs Pio. -878 provides for the issuance and sale of General
C bliga4w bond* of the City of ;vasco in the 'prtneipal sena of $ZO. 000 for tbo purpose
Of eCraatfWtift and ftaraishfte 040cc4: figs aetatiCA for the City of Paseo. PVCVMUS
the date, form, terms ate, rr uritie:s of said bond* amici for Aanual tax levies to pair
the principal Rand interest thore04 and cteeating a fund for the payment of such pr1a-
cipal andd interest and
WHEREAS the City Council of that City of Pasco is desirous of purchases
said bonds from available moneys in the folies hsds in the ifoliowiDg &Mount$:
Cemetery Trust Fuad « $4.000; and Consumer Deposits Fund • $16, 000. 00, and
WHEREAS the r a mo Committoo of tba City of Pasco has approved the pur.
chase of said beds b9' the City Of Vasco from said AnAs in the a movants set forth
above NOW THEREMRE
THZ CITY CC UNCU. OF THE CITY CGT►' PASCO DO RESGLV E AS F OLL40 WS
Soctiova 1. fibs sura at $4, 000 from the Cemetery Trust Fuad shell be voted
to purchase bond numbers 1 to 4 inclusive City of Pasco Gw acral Obligation Rood 1957.
Aaeordingiy the sum of $ 3.996.67 *hall be transferred from the Cemetery 'gust Favid
to the Fire Statka No. 2 Construction avid Furnishings Fund; and the scars. of $13. 33
sbsn be transfaerred from the Cemetery Trust I'= d to the 1957 Fite Statku Neje. 2
Gwwral Cbligatim Bm4 jUdiamption Fund to cover accrued interest for the wocnth of
January 1957.
Section 2. The wise of $16. 000 from the Coasartwr Deposits Fund ahaail be resod
to purchase bawd numbers 5 to 20 inclusive! City of Pasco General Obligation Basad 1957.
A,ccordbigly the sum of $15, 946.67 shall be transferred from the Consumer Deposits
Fuad to the Fire Station NO. 2 Construction and Furnishings FunA4 and the sum oaf $53. 33
shall be transh rred from tb% Conewaear Deposits FMA to the 1957 Fire Station No. 2
Geral C hligaation Goad Radek F� to cover accrued intereest for the month of
Jaeac ry 1957.
S6etion 3. Any moneys remaining in the Fire tWon No. 2 Construction Aad
Furnishings fund steer all *xpei tures for construction and furnishings ter ra been
made "d alh&U be transferred to the 1957 Fire StAtiaamu INC. 2 G4msrxl Obhgatkim Bond
RedempUcn rNmd to redeem outstanding bawds in as ccordwwo with Ordinawe No. $7$.
PASSED by thy, Coil and APPROVED by the Mayor this Sth day of abruary.
1937.
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Atte4t:
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%; ity Attorney