HomeMy WebLinkAbout0469 ResolutionRESOLUTION' NO,
WHEREAS, under Resolution .No. 391, the: City Council of the.
.
' City. of Pasco. invested the. sum;•of,$1.6., p00 from. the Gonsume;r Deposits
Fund, to purchase;!1 1957'.General. Obligation. Bonds for Fire Station. No.
and,
WHEREAS; the -City. Council is now desirous °that said.bonds be.
purchased by the. Water and Sewer Fund. of: the City of Pasco; and
WHEREAS, the, Financ e C ommitte:e of, the. City of ,Pa s c•o ha s:
recommended said; actioirj,, NOW, THEREFORE;
THE -CITY COUNCIL 'OF THE CITY OF PASCO.DO' RESOLVE AS
FOLLOWS:
z Se4iOn I.
The -outstanding, 11-19.57 General Obliga.tion.B.onds, for Fire Station
No: Z" shall,be purchased from the Consumer Deposits Fund by the Water
and Sewer Fund -of the City of'Pa-s'eo at their face value of $161 000 as of
September 15, 19.60,
Section I I.
Interest shall, be: prorated.on.�said G,ener.al'Obl gation:'Bmds between'
the. Con.s.'umer -Deposits Fund and the Water -.and Sewer Fund as of September
I`5, .196:0.
S.ectiori: I, I I.
' Resolution No. 391 is hereby amended accordingly..
PASSED,by the City Gou'ric'i1 and AP°PROVEDt by the Mayor- this
6th day of September_, 19.60.
Mayor
Attest
City Clerk
Approved as tot, orm:
City Attorney,