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RESOLUTION NO. 7- "5
A RESOLUTION of the City Council of the City of Port
Angeles authorizing the use of the reserve account
arising from matching contributions of the City to
the Statewide City Employees Retirement System.
WHEREAS, the City of Port Angeles has accumulated with
the Statewide City Employees Retirement System a reserve
account of released matching contributions in the amount of
$80,383.20 as of December 31, 1964; and
WHEREAS, the City may under the authority of R.C.N.
41.44.200 authorize the use of all of these funds, except for
$4,000.00, to apply on any charges made against the City by
the Statewide City Employees Retirement System; now, therefore,
BE IT RESOLVED that the City Council of the City of
Port Angeles request the Statewide City Employees Retirement
System to use up to $76,383.20 of its reserve account to apply
on any charges made against the City by said system, commencing
May 1, 1965.
PASSED by the City Council of the City of Port Angeles
and approved by its Mayor at a regular meeting of said City
Council held on the 15th day of April,_ 1965.
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Approved as to form:
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