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ORDINANCE NO.41WINiC
AN ORDINANCE AUTHORIZING AND DIRECTING THE
TRANSFER OF THE SUM OF $4,000 FROM THE
CURRENT EXPENSE FUND TO THE LIBRARY FUND,
PROVIDING FOR REPAYMENT THEREOF ON OR BEFORE
JULY 1, 1970, AND PROVIDING FOR PAYMENT OF
INTEREST THEREFOR.
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, IN REGULAR SESSION
ASSEMBLED, DO ORDAIN AS FOLLOWS:
Section 1. The City Clerk and the City Treasurer are
here and hereby authorized and directed to cause the sum of $4,000
to be.transferred from the Current Expense Fund to the Library
Fund of said city.
Section 2. The City Clerk and the City Treasurer are
here and hereby authorized and directed to repay to the Current
Expense Fund, from the Library Fund, the sum of $4,000, on or
before July 1, 1970, together with interest at the rate of 5%
per annum on said amount, computed over the period for which
said sum remains unpaid.
This Ordidance shall take effect upon its passage, approval
and publication in the form and manner required by law.
Read for the first, second and third times, passed by the
Council and approved by the Mayor on February 4, 1970_-?
FRANK M. SMITH ,
Mayor
AT ST:
G E I. Y N LOOD
Z
City Cler
APP�(D,,�A�S� TO FORM: