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RESOLUTION NO. /9- '5'
A RESOLUTION providing for a loan from the Current Expense
Fund to the Equipment Rental Fund.
WHEREAS, the newly established Equipment Rental Fund is
without sufficient funds to operate, and it is estimated that
it will require $l3,OOO.OO to effectively operate the fund
during the year 1965; and
WHEREAS, there is available in the Current Expense Fund
$l3,OOO.OO which can be loaned to the Equipment Rental Fund;
now, therefore,
BE IT RESOLVED that there is hereby transferred from
the Current Expense Fund to the Equipment Rental Fund the sum
of $13,000.00, which shall be a loan to the Equipment Rental
Fund and repayable to the Current Expense Fund from the Equip-
ment Rental Fund in the year 1966.
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 this 6-~day of August, 1965.
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