HomeMy WebLinkAbout01840n
ORDINANCE NO,/_3,S",�
AN ORDINANCE OF THE CITY OF PORT TOWNSEND AUTHORIZING
THE TRANSFER OF FUNDS FROM THE OLYMPIC GRAVITY WATER
FUND TO THE CURRENT EXPENSE FUND OF THE CITY, SAID
TRANSFER NOT TO EXCEED THE SUM OF $10,000.00, AND
AUTHORIZING THE CITY CLERK AND CITY TREASURER TO
ACCEPT SUCH TRANSFER AND DRAW WARRANTS THEREON, AND
PROVIDING FOR THE REFUNDING OF SUCH FUNDS FROM THE
CURRENT EXPENSE FUND TO THE OLYMPIC GRAVITY WATER FUND.
WHEREAS, it appears that the revenues anticipated for the Current
Expense Fund of the City for the year 1959 will be inadequate to balance
the expenditures from said Fund until on or about May 1, 1959, and
WHEREAS it appears that the Olympic Gravity Water Fund of said City
has sufficient funds to enable the temporary transfer from the said Olympic
Gravity Water Fund to the Current Expense Fund;
NOW,THEREFORE, BE IT ORDAINED by the Council of the City of Port
Townsend, Washington, in regular session assembled, as follows:
Section 1. The City Clerk and the City Treasurer of the City of Port
Townsend are hereby authorized and directed to make such transfer of funds
from the Olympic Gravity Water Fund of said City to the Current Expense
Fund of said City as may be necessary to honor warrants duly drawn on the
Current Expense Fund, said transfers to be made from time to time as may
be required, but in no event to exceed a total amount of $10,000.00.
Section 2. The City Clerk is here and hereby authorized to draw
and issue warrants on the funds provided by Section 1 hereof, and the City
Treasurer is here and hereby authorized to honor such warrants from:the
funds so authorized to be transfered.
Section 3. All funds transfered from the Olympic Gravity Water Fund
to the Current Expense Fund pursuant to this Ordinance shall be refunded
and reimbursed to the said Olympic Gravity Water Fund from the Current
Expense Fund on or before May 1, 1959, and the City Clerk'and City
Treasurer are here and hereby authorized to make such refund and reimburse-
ment.
-1-