HomeMy WebLinkAbout591l RESOLUTION NO. 5£j/
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2 THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, IN A
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3 ;REGULAR MEETING, DULY ASSEMBLED, HEREBY RESOLVES AS FOLLOvJS:
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5 1: The City Clerk and City Treasurer are hereby authorized
6 ~~d instructed to transfer as a loan from the ~/a-tt..~~
7 ~~und to the Current Expense Fund under the hea.Jing of Maintenance
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8 jjmd Operation and under Capital Outlay for maintenance and
9 ikquipment for the City Shops Building the s urn of $9 tJ.-1..AJ h.;·
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:1 10 ;: ,, ,.
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12 i The City Clerk and City Treasurer are further autho~ized
:: ~~d instructed to transfer back to the ·· V~.u;v
lfund from the Current Expense Fund the money so borrowed, plus a
15 1' !reasonable rate of interest on said sum borrowed, of four per cent
It 16 jk~%) per annum on the,. dimi~ishing pri~cipal ami!So· t due ~d pwing
17 ~~ .._"h-c:r ~~"lV ')77 ~~ 1·5 I?{~ ?' ~ ~ IF aid loan whellQver t~ is sufficien=i manics · aid Current
'I 18 ,,
j~xpense Fund to repay the money, plus interest asaforesaid, so
19 p ~~orrowed.
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PASSED by the