HomeMy WebLinkAbout0551 ResolutionRESOLUTION NO. 551
A RESOLUTION AUTHORIZING THE CITY TREASURER TO INVEST SURPLUS FUNDS
OF THE CITY OF PASCO.
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE'AS FOLLOWS:
Section 1. The City Treasurer is' hereby authorized to invest the sum of
$1, 000. 00 from the Consumer Deposits Fund by -having that amount added to the,
separate account for that Fund at Walla Walla Federal Savings and Loan Association,
Kennewick Branch, Kennewick, Washington.
Section 2. The .City Treasurer is hereby authorized to invest the sum of
$10, 000. 00 from the Arterial -Street' Fund in a separate account at First Federal
Savings and Loan Association of Walla Walla, Walla Walla Branch, at Walla Walla,
Washington.
Section 3. The City Treasurer is lier.eby authorized to invest the sum of
$3, 000. 00 fromtthe WateraSewer Refunding Bond of 1963 Re serve Fund in a separate
�! account at Yakima Federal Savings and Loan'Association, Pasco Branch, Pasco,
Wa shington.
Section 4. These investments have been approved by the Finance Committee
of the City ,,of Pasco.
PASSED by the City Council and APPROVED by the Mayor this 6th day of.
August, 1963.•
A Y O _ -R
Attest:
City, _Clerk_
Approved as to form:
J City._A14o.rney , -
Pasco, Washington
November 279 1963
Mr. J. Arnold Cobley
Chie'f'Right-of-Way Agent
State.:Highway Commission
Department of Highways
Highway-Licenses Building .
Olympia, Washington
Dear Mr,. Cobley:
Enclosed you will find the duplicate of "Borrow Permit Lease"
signed_by=the Mayor, attested by the City Clerk and dated.November
19, 1963. As Mr..Sehussler called at this office and picked" up the
original of this instrument together with.the duplicate of our City
Resolution No. 567 on the 29th of November for your., department - we'
are 'mailih`g,our copy to you for the..Department'of Highways to exe-
cute their portion of-the,"Borrow Permit Lease".
We would appreciate.your returning this executed document to the
-`address below;
Adah M. Perry, City Clerk
P. 0', Box 293
Pasco,-Washngton
_ Sincerely, (.._.
- Adah M. Perry .
City Clerk
amp :es.
enc..1 (2 pages)