HomeMy WebLinkAbout12-64
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RESOLUTION NO. / J - 6t!
A RESOLUTION of the City Council of the City of Port
Angeles transferring any surplus funds in the In-
dustrial Water Fund to the Domestic Water Fund, and
changing the name of the Domestic Water Fund to
Water Fund.
WHEREAS, in the past two separate funds were maintained
to account for the activities of the Water Works System for the
City of Port Angeles, namely, the Domestic Water Fund and ~
Industrial Water Fund; and
WHEREAS, the final bonded indebtedness of the Industrial
Water Fund has been paid in full during the year 1959, and
since then the major portion of the annual revenue has been
credited to this fund and declared surplus, which surplus has
been transferred at various times into the Domestic Water Fund;
and
WHEREAS, it now appears desirable and to the best inter-
ests, purpose and advantage to the City of Port Angeles to main-
tain one fund under the Water Works System rather than two
separate funds; now, therefore,
BE IT RESOLVED by the City Council of the City of Port
Angeles that any surplus accumulated in the Industrial Water
Fund be transferred into the Domestic Water Fund.
BE IT FURTHER RESOLVED that upon completion of the trans-
fer of said funds to the Domestic Water Fund that the Industrial
Water Fund be eliminated so that only one City Water Works Fund
remains, to wit: The Domestic Water Fund.
BE IT FURTHER RESOLVED that the name of the Domestic
Water Fund be changed to water Fund.
PASSED by the City Council of the City of Port Angeles
and approved by its Mayor at a regular meeting of the Council
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on the ~ day of November, 1964.
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Mayor
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Approved as to form:
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Deputy C1t~ttorney
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