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RESOLUTION NO. I d - 7.g
A RESOLUTION closing the Port Angeles 1953 General Obli-
gation Street Improvement Bond Redemption Funa and
transferring assets to the Current Expense Fund.
WHEREAS, there was established a Port Angeles 1953 General Obli-
gation Street Improvement Bond Redemption Fund for the purpose of accumu-
lating lax levy moffi4es to pay the principal and interest on the bonds
each year; and
WHEREAS, all bonds and interest of this issue have been paid in
full, and there remains in the fund a cash balance of $10,079.93: now,
therefore,
BE IT RESOLVED that the $10,079.93 cash balance, and any future
receipts from unpaid prior year tax levies, be and the same is hereby
transferred to the Current Expense Fund.
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 18th
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day:if December,~1973.
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Mayor
Attest:
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Approved as to form:
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