HomeMy WebLinkAbout146 - Resolution - Loan to the Water Fund from Current Expense Fund- RESOLUTION -
A RESOLUTION LOANING TO THE WATER FUND FROM THE CURRENT EXPENSE
FUND THE SUM OF FIVE THOUSAND FIVE HUNDRED (05,500.00) DOLLARS.
AREAS, the dater Department of the Town of Port Orchard has at
this time certain expenditures to make totaling approximately
Five Thousand five hundred ($5,500.00) Dollars, and the rater
Fund is without cash to make such expenditures, and
Y-MREAS, there are sufficient funds in the Current Expense Fund
from which to loan the water fund Five thousand five hundred
(5,500.00) Dollars to be paid as hereinafter set forth, NOW
THEREFORE,
BE IT RESOLVED by the Town Council of the Town of Port Orchard:
That the Current Expense Fund of the Town of Port Orchard shall
forthwith loan to the 'dater Fund of the Town of Port Orchard
the total sum of Five thousand five hundred ($5,500.00) Dollars
which shall be repaid without interest or penalty at the rate of
One hundred ($100.00) Dollars, or more, during each and every
month commencing with the month of June, 1946, and continuing
until the entire sum of Five thousand five hundred ($5,500.00)
Dollars has been repaid.
THUS PASSED by the Town Council of the Town of Port Orchard
this 13th day of May, 1946. T
Attest
er
owed as to form:
sZ—
wn Attorney