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HomeMy WebLinkAbout1203ORDINAN GE NO . 1203 AN ORDINANCE relating to finance and establishing a cumu- lative reserve fund. THE CITY COMMISSION OF THE CITY OF PORT ANGFT,FS DOES ORDAIN AS FOLLOWS: Section 1. In accordance with the provisions of Chapter 60 of the Laws of the State of Washington for 1941, there is hereby established in the City of Port Angeles, Washington a fund to be known as "Cumulative Reserve Fund for the Purchase of Fire Fighting Equipment ". Section 2. The fund so created shall consist of ONE THOUSAND ($1000.00) DOLLARS from County Fire District No. 2 and such other monies, if any, as are included in the Cityts annual budget for ensuing years. Section 3. The monies in said fund shall be allowed to accumulate from year to year and shall not lapse at the end of any fiscal year, nor be• available for any purpose not herein specified, without the approval of a majority of the electors of the City, as provided by the laws of the State of Washington. Passed first reading by the City Commission October 6 , 1948. Passed second reading by the City Commission, October 6 1948, - Passed third reading and finally passed and adopted by the City Oonimis8.ion October 13 , 1948. Approved bi "the Mayor and signed y:: `-i ATTEST: [' 4.; =a. _ - to- c ca -i+r' RK APPRO xa AS TO FORM: CITY TTORNEY PUBLIS ': October Al , 1948. October 13 , 1948. MAYOR