HomeMy WebLinkAbout0459 ResolutionRESOLUTION NO. 459
A RESOLUTION AUTHORIZING THE ISSUANCE OF
INTEREST BEARING WARRANTS FROM THE MUNICIPAL
GOLF COURSE FUND TO BE PURCHASED WITH OTHER
CITY FUNDS.
WHEREAS, monies are needed in the Municipal Golf Course Fund
immediately. and before budgeted golf course receipts will be paid into'said
Fund for admissions, in order to carry out the budgeted program of the golf
course, and
WHEREAS, sufficient amounts are now available in the following funds.:;;
to purchase .said warrants:
Account Amount
Consumerts Deposit Fund $21 000. 00
Cemetery Trust Fund 5, 000. 00
Firemer0s Relief and Pension Fund,10, 000. 00
and,
WHEREAS, it is deemed advisable to issue interest bearing time warrants
of the City of. Pasco on the Municipal Golf Course Fund, .to be purchased from the
aforesaid funds, NQW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS
FOLLOWS:
Section 1. That the Mayor and City Clerk of the City of Pasco be, and
they hereby are, authorized to issue interest bearing time warrants of the City
of Pasco,: up to the sum of $17, 000.00; to bear interest at the rate of � 4 per
annum until paid, said warrants to be issued 'upon the Municipal Golf Course
Fund,
Section 2, That the warrants, as and when issued, shall be used to
borrow money from the following funds in the following amounts:
Account Amount
Consumer -s Deposit Fund $2, 000.00
Cemetery Trust Fund 5, 000.00
Firemen?s Relief and Pension Fund, 10, 000.00