HomeMy WebLinkAbout02-58
RESOLUTION NO. ;Z-!76'
A REffiLUTION authorizing the purchase of bonds issued
against Local Improvement District No. 175 in the sum
of $18,721.72 from the Firemen's Pension Fund to be
utilized for an investment of said funds.
~EAS, bonds in the,sum of $.18,721.72 issued against
Local Improvement District No. 175 of the City of Port Angeles
bearing interest a~ the rate of 4!% per annum have been authorized
e
under Ordinance No.
/'111
,
; and,
WHEREAS, the assessments under said local improvement dis-
trict have been checked and approved and found sufficient and said
. .
bonds are within the protection of the Local Improvement Guaranty
Fund law issued by the City of Port Angeles and said bonds will
constitute a profitable investment for said pension fund;
NO\'[, THEREFOR~ BE IT RESOLVED by the City Council of the
City of Port Angeles as follows:
Section 1: That the Treasurer, Mayor, City Manager or
other proper officers of the City of Port Angeles be, and they
are hereby authorized to purchase bonds issued against Local Improve-
ment District No. 175 of the City of Port Angeles in the sum of
$18,721.72, which bonds shall be purchased as an investment of and
benefit to the Firemen's Pension Fund of the City of Port Angeles.
PASSED by the City Council of the City of Port Angeles
and approved by the Mayor at a regular meeting held this 19th day
of January, 1958.
?I: ~~
Mayor
ATTEST:
.'
y. e ~
(/ Ci ty Cl erk