HomeMy WebLinkAbout05-70
.
.
RESOLUTION NO. 5- 70
A RESOLUTION providing for the transfer of $20,000.00
from the Current Expense Fund to the Library Fund
for repayment of a Loan.
WHEREAS, the Library Fund is a tax supported fund; and
WHEREAS, taX returns and cash reserves have not built up in the
Library Fund sufficient for maintenance and operation of the Library and
to allow for repayment of the loan as set up in Resolution No. 1-65;
now therefore,
BE IT RESOLVED by the City Council of the City of Port Angeles,
as follows:
Section 1. That there be transferred from the Current Expense
Fund to the Library Fund the sum of $20,000.00.
Section 2. That the $20,000.00 be transferred from the Library
Fund to Current Expense Fund in payment of the loan.
PASSED by the City Council of the City of Port Angeles and ap-
proved by its Mayor at a regular meeting of the Council held on the
day of ~JJ l?ul1 R II
... /
, 1970.
" .
;:,t--
/-
'.~
1\ t;tes t:
Approved as to form:
~,~