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RESOLUTION N.O. 524
A RESOLUTION PROVIDING FOR A TEMPORARY TRANSFER LOAN
FROM THE STREET FUND TO THE LIBRARY DEPARTMENT
FUND.
WHEREAS, the. receipts under the Library Department in the
.1962 Budget were over estimated, and
WHEREAS, the additional sum of $2, 500 is needed to provide
money to meet the appropriations set forth in the 1962 Budget for the Library
Fund, and
WHEREAS, the City Council deems it advisable to make a
temporary transfer loan from the Street .Fund to the
Library Department Fund to provide the necessary monies to meet said
appropriations, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE
AS FOLLOWS:
Section 1. The* sum of $2, 500 shall be transferred from the
Street Fund to the Library.Department. Fund as a temporary
transfer loan to meet the 1962 appropriations for the Library Department.
Section 2. Provisions for repayment of said loan—shall be '
made in the 1964 Budget, and loans shall bear interest at the rate of 3% per
annum.
Section 3: This loan has been approved by the Finance
Committee of the City of Pasco.
.PASSED by the City Council and APPROVED by the Mayor this
day of December, • 1962.
Attest:
Approv
City. .Attorney - _ "