HomeMy WebLinkAbout239HHEREAS on the ~31st da.y of Septe;nber, 1937, by authoriz~.tion ·
of the City Council of the City of. Kent, $760.00 of the Bond
Interest e.nd Redemption Fund Yrere invested in Bonds lJo. 41 to
70 inclusive, he.vi -:c 0. face vslue of $3000.00, of the Locs.l £n-
pr;,:>ve.,:ent District, ~~o. 199, of I~ent, e.nd
il ,f/2
\l \ YllfSREAS at the present tirM) there is on hand in the Local
:1\ .~~~~-=~~~General Fund the sum of $1169. 27 available for the
I' ' ,I ~, ! 11 • \! ~ t
:: " ~rpo~~ eti:rinc Local Ir.1provemel1t District Bonds, and
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the Local Improvement
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:; 1 1 .' enerall F't}Jilq: other t:;.an the bonds 2vbove de scribed and no chance
! ~ , ,'f"'/•1 Ut ~ ~~~ 1 ro·:r f~"'~bef\ ·.;~ li§::etions since the bonds described a.re the only
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: \ cfut:sta~,~=~.:_·;~fnds of any Loc2.l Improvement Di st:rict of the City
~: ~ of '<K ent·~··an-d
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'.VH:~REAS no further funds will be available to the Local Im-
provement General Funds, and
WH'-RJ:AS it ir-for the best interests of the Bond Int'::rest
and Redemption Fund nnd for the [eneral interest of the City of
Kent that these bonds be retired,
HOW, 'f".t:ERJ£FORE, BE IT ft""~SOLVED by the City Council of the
City of Keft in re.c_~ular meeting ast:embled that the City Treasurer
be and he is hereby authorized 2.nd directed to transfer from the
Loca,l Improvement General Fund to the Bond Interest and Redemp-
tion Fund the sur:1 of ;~1169. 27, for the purpose of retiring the
said bonds now held by the said Bond Interest and Redemption
Fund, and he is further authorized ~:nd dL:ected to mark paid
and cancelled the caid Bonds ::o. 4~ to 70 inclusive of the Local ·
Improvement Distrltct !Jo. 199 of the City of Kent.
PASSED by the City Council this 21st day of September, 1942.
Attest Groved a~ 1\J..\~~
City Attorney