HomeMy WebLinkAbout1939 Interfund Loan from Water-Sewer Fund to City Street FundORDINANCE NO. iqS[
AN ORDINANCE AUTHORIZING THE
LOAN OF $50,000.00 FROM THE
WATER/SEWER FUND TO THE CITY
STREET FUND, AND PROVIDING
FOR REPAYMENT
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, IN REGULAR
SESSION ASSEMBLED, DO ORDAIN AS FOLLOWS:
Section 1. The loan of the sum of~50,000.00 for a term of
six months from the date hereof at the rate of 5% interest per
annum, from the Water/Sewer Fund to the City Street Fund is
here and hereby authorized, and the City Clerk-Treasurer is
hereby authorized to make such transfer, and the Mayor and said
Clerk-Treasurer are authorized to draw warrants in accord with
the same.
Section 2. This ordinance shall take effect upon its
passage, approval, and publication in the form and manner
provided by law.
Read for the first, second, and third times, passed by the
Council and approved by the Mayor on DecemberS, 1982.
ATTEST:
City Clerk
APPROVED ~~0 FI~~
1737