HomeMy WebLinkAbout445 - Resolution - Paying into the 1935 Bond Redemption Fund.. RESOLUTION -
A RESOLUTION AUTHORIZING THE TOWN TREASURER OF THE TOWN
OF.PORT ORCHARD TO PAY MW THE "1935 BOND REDEMPTION
FUND THE SUM OF EIGHTY (t80.00) DOLLARS PER MONTH."
WHEREAS, the Town Council of the Town of Port Ordhard
on the 27th day of April, 1936, passed a certain resolu-
tion relating to.Sixteen.thousand ($16,000.00) Dollars
of 4% Waterworks Revenue Bonds, dated November 1, 1935,
and provided in said resolution that the Town Treasurer
of the Town of Port Orchard would pay into the 1935 Bond
Redemption Fund, to retire the bonds issued, the sum of
One hundred fifteen (115.00) Dollars a month, from
November 1, 1935 to May 1, 1936, and after November 1,
1937, to pay the sum of One hundred sixty ($160.00)
Dollars a month into said'Bond Redemption Fund from
the rater Fund and said resolution further provided
that said payments should continue until a different
amount is fixed,by the Town Council, and
WHEREAS, by reason of the reduction of the principal
of said bonds, the Town Council desires to fix, and
hereby does fix, the sum of Eighty ($80.00) a month
to be paid into said 1935 Bond Redemption Fund, in
stead and in place of the sums of One hundred fifteen
( 115.00) Dollars a month and One hundred sixty ($160.00)
Dollars a month, as directed by the aforesaid resolution
of May 27, 1936, NOW THEREFORE
BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOXIN OF PORT
ORCHARD: That the Town Treasurer of the Town of Port
Orchard be, and hereby is', authorized and directed to
pay from the dater Fund into the 1955 Bond Redemption
Fund, the sum of Eighty (80.00) Dollars per month, to
be so paid until a different amount is fixed by the
Town Council.
THUS PASSER by the Town -Council of the 'Town of Po
Orchard this 13th day of August, 1945..
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,approved as to form:
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