HomeMy WebLinkAboutRES 1367 RESOLUTION NO. /'_3" 7
WHEREAS it is in the public interest and for the public benefit to transfer
certain funds, as hereinafter described, as a loan, for the purpose of completing the
new municipal library facilities, pending receipt of regular tax funds by the City,
rou THEREFORE
BE IT RESOLVED BY THE- MAYOR-.&NLLTHE CITY COUNCIL OF-THE._,CITY OF RENTON,
WASHINGTON, AS FOLLOWS:
SECTION I: The City Clerk and City Treasurer are hereby authorized and
directed to transfer the following funds, to-wit:
A. FROM: Cedar River Maintenance and Improvement Fund
3400, Account 605, Capital Outlay $10,000.00
UNTO: Library Fund 5000, Account 605 Capital Outlay,
(other structures and improvements) $10,000.00
and the aforesaid transfer shall be and constitute a loan bearing interest at the rate
of three percent (3%) which shall be repaid not later than December 31 , 1967.
PASSED BY THE CITY COUNCIL this..//day of March, 1966.
Helmie Nelson, City Clerk
APPROVED BY THE MAYOR thisday of March, 1966.
Donald W. Custer, Mayor
Approved as to form:
Gerrard M. Shellan, City Attorney