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RESOLUTION NO. 550
A RESOLUTION PROVIDING FOR REPAYMENT OF TEMPORARY TRANSFER LOANS
FROM THE CURRENT EXPENSE FUND TO THE WATER DEPARTMENT FUND
AUTHORIZED UNDER RESOLUTION NO. 503, AND THE FIREMEN'S RELIEF AND
PENSION FUND AUTHORIZED UNDER ORDINANCE NO. 1076.
WHEREAS the City Council provided for temporary transfer loans from the
Water Department Fund and the Firemenis Relief and Pension Fund under Resolu-
tion No. 503 and Ordinance No. 1076, to the Current Expense Fund, and
WHEREAS a sufficient amount of monies now exists in the Current Expense
Fund, and
WHEREAS the Finance Committee of the City of Pasco recommends payment
on these loans, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS FOLLOWS:
Section 1. The sum of $2, 117. 41 and the "sum of $42. 36 representing interest
to August 7, 1963, making a total sum of $2, 159. 77 be paid from the Current Expense
Fund to the Firemeni s Relief and Pension Fund.
Section 2. The sum of $14, 000. 00 and the sum of $595. 00 representing interest
from March, 1962, to August, 7, 1963, making a total sum of $14, 595. 00 be paid
from the Current Expense Fund to the Water-'Deparitment Fund.
PASSED by the City Council and APPROVED by the Mayor this 6th day of
August, 1963.
Attest:
City -Clerk_,
Approved as do form;
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