HomeMy WebLinkAbout0422 Resolution1
1 8
RESOLUTION NO.,
WHEREAS, Ordinance No.. 935 provides for the issuance and sale of
$170, 000.00 par value of "General Obligation -Municipal Golf Course Bonds, 195811
of the City of Pasco, and
WHEREAS, said bonds have been sold to the State Finance Committee
in:.the amount of $170, 000., 00 plusaccrued interest in the amount of $16. 52, and
WHEREAS, necessary funds to handle said money must be provided for
by the City Council of the City of, Pasco, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS
FOLLOWS -
Section 1. The "sum of $170, 000. 00 when received by the City Treasurer
of the City of Pasco, shall be deposited to the Golf Course Construction Fund;
and the sum of $16. 5.21, when. received by the City Treasurer of the City of
Pasco, which constitutes .accrued interest shall be deposited to the Golf
Course General Obligation Bond Redemption Fund.
Section 2. Any moneys remaining in the Golf Course Construction Fund
after the completion of the construction, installation,. and purchase of equipmerit
for the Golf Course as provided in ,Ordinance No. 935, shall be transferred to
the Golf Course General- Obligation Bond Redemption Fund to redeem out -
standing:,.bonds in accordance with Ordinance No 935,
PASSED by the Council, APPROVED by the Mayor, this 2nd day of
September, 1958. �--
Mayor
ATTEST:
City Clerk
AP RDVED AST F 1
City Attorney
0