HomeMy WebLinkAbout1800ORDINANCE N0.
AN ORDINANCE of the City of Kent, Wash-
ington, creating in the office of the City
Treasurer a Revenue Sharing Trust Fund,
authorizing disbursements from said Fund
and authorizing the Treasurer to invest
any surplus in the Fund.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DO
HEREBY ORDAIN AS FOLLOWS:
Section 1. There is hereby created in the office of
the City Treasurer a fund to be known as the Revenue Sharing Trus
Fund.
Section 2. All monies received from the United States
Government under the provisions of any Federal sharing plan which
has been enacted or which may be enacted in the future shall be
deposited into the Revenue Sharing Trust Fund, together with any
interest earned from investments of the Fund.
Section 3. Disbursements from the Fund shall be as
directed by the Kent City Council, subject to any rules and re-
gulations which may be promulgated by the United States Depart-
ment of the Treasury with respect thereto.
Section 4. The City Treasurer is hereby authorized to
invest such portion of the Fund as in her judgment she deems
reasonable and prudent.
Section 5. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and pub-
lication, as provided by law.
ISABEL HOGAN, MAYO
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ATTEST:
e Jensen,XAty Clerk
AP OVED AS TO FORM:
r
",as &�
Donald E. Mirk, City Attorney
PASSED the 1(f. day of October, 1972.
APPROVED the I day of October, 1972.
PUBLISHED the day of October, 1972.
I hereby certify that this is a true copy of Ordinance
No.
passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as
hereon indicated.
(SEAL)
MARIE JE N City lerk
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