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RES1157 � � � ° � � _ ' . '� ' � � ,.� , . . RESOLUTION N0. //�5 7 BE IT RESOLVED BY THE MAYOR AND THE CITY COIINCIL OF THE CITY OF RENZ�ON, AS FOLLCJWS: SECTTON 2: The City Clerk and the City Treasurer are h�ereby authorized and directed to transfer, as a loan, the sum of Fiftq Thousand Dollars ($50,000.00) from the Setaer Fund unto G]ater �und and said transfer to constitute s loan to said Fund to be repaid not later than /a m� from date hereof and said loan to bear interest at the rate of four and one—half per cent (�2%). Said loan shall be used toward the repayment of a loan made heretofore to the Water Department by the Cedar River Park Acquisition Fund. PASSID BY 'IHE CITY COUNCIL this 13th day of August, 1962. �<�Ge/��.�cr.��j�, DA i �E�� Helmie Nelson, City Clerk APPROVID BY THE MAYOR this/�ipfl�y of Augast, 1962. �O -�.`j-j, r � .�/ 'G�:G�'` _. ! �Fr�ank A1 iment, Mayor APPROVID AS TO FORM: Gerard M. Shellan, City Attorney r '