HomeMy WebLinkAboutRES 08474
RESOLUTION 140. 847
WHEREAS the City of Renton is presently engaged in a program of
water and sewer improvement, and
JrrrEREAS there are presently outstanding $24,000.00 of sewer bonds
bearing interest at the rate of 2_�%, and in order to expedite the program
of water and sewer improvement,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTON:
That the $24,000.00, two and one-half percent (22j) SEWER REVENUE BONDS
be recalled and redeemed s of March 1, 1953 and that the City Treasurer be
authorized and directed to notify Bramhall & Stein, the City of Rentonts
financial assistants, of such recall and redemption so that the holders of the
aforedescribed bonds be so notified. The City Treasurer is further authorized
and directed to use and employ appropriate funds, on a loan basis, not to
exceed thirty (30) days, from the WATER AND SEWER FUNDS, CUMULATIVE FUND NO. 1182
and CUMULATIVE FUND NO. 11$4, for the purpose of said recall and redemption.
PASSED BY THE CITY COUNCIL this 20th day of January, 1953•
m
Wiley Crook ,jCity Clerk
APPROVED BY THE MAYOR this 20th day of January, 1953•
JreR.Baxter - Mayor
APPROVED AS TO FORM:
e and If. Shellan, Assistant City Attorney