HomeMy WebLinkAbout443 - Resolution - Investment of Certain FundsRESOLUTION
A RESOVjTIQN REGIMING THE IM52MM BY THE T'OWN OF PORT
ORCHARD OF CERTAIN OF ITS FUNDS AS AUTHORIZED Bt CHAP. 92,
SESSION L�VIS OF .194Z UT? THE STATE OF 14"ASHINGTON.
WHEMS, the Town of Port Orchard has monies in certain of
its funds in excess of the current needs of the Town of
Fort Orchard, and
WHEREAS, the finance committee of the Town of Port Orchard
has approved the investment by the Town of P10r t Orchard of
certain of its funds as follows, to -wit: of L. I. D.
Guarantee ft-nd and #,602.82 of City Hall Construction Fund
in L. I. D. 7'' t warrants of various improvement districts
within the corporate limits of the Town of Port Orchsrd,
and of $8 600.00 Water Funds In bonds of L. I. D. ]go. 48
bearing 64
70- interest, NOW THEREFORE
BEIT RESOLVER BY THE TOWN COUNCIL 0? T ' OWN OF PORT ORCHARD:
That the Town of Port Orchard invest $5k'A" of L. I. D.
Guarantee 7=4 and $2,602.82 City Hall Construction Fund
in L. I. D. 7% warrants of various improvement districts
within the corporate limita of the Town of Dort Orchard
and $8,600.00 Water Funk in bonds of L. 1. D. No. 48 of
the Town of Port Orchard teAxAng 6% interest.
THUS PASSED By the Town Council of the Town of Port Orchard
this 25th day of October, 19427,
/Ulty Attorney