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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,