HomeMy WebLinkAbout1800 Interfund Loan from Water-Sewer Fund to 1978 Water Construction Fund ORDINANCE NO. l ~0~
AN ORDINANCE AUTHORIZING THE LOAN OF THE SUM OF
$75,000.00 FROM THE WATI~R-SEWER FUND TO THE 1978
WATER CONSTRUCTION FUND, AND PROVIDING FOR
REPAYMENT
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, IN REGULAR SESSION
ASSEMBLED, DO ORDAIN AS FOLLOWS:
Sect±on 1. The loan of the sum of $75,000.00, for a term of
six months from the date hereof, from the Water-Sewer Fund to the
1978 :Water. Construction 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 ~he
Council and approved by the Mayor on February 7, 1978. ~ STEVE
ATTEST:
APPROVED AS TO FORM:
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