HomeMy WebLinkAboutResolution No. 24661
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RESOLUTION NO. 2466
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA, LOS ANGELES COUNTY, CALIFORNIA, AUTHOR-
IZING THE TRANSFER OF THE SUM OF $2500.00 PER
MONTH FROM THE LIGHT FUND INTO THE RESERVE
FUND AND THE SUM OF $1000.00 PER MONTH FROM
THE WATER FUND INTO THE RESERVE FUND, EFFECTIVE
JULY 1st, 1950.
The City Council of the City of Azusa does hereby
resolve as follows:
Section 1. The City Council having considered the matter
and it appearing that the transfer of funds into the reserve for
the Light and Power Department is necessary to set up sufficient
reserve for the purpose of allocating and making allowance for
depreciation and repair costs which may arise in the future.
Section 2. The City Council hereby authorizes and
directs the City Auditor, City Controller and other city employees
to cause to be transferred into the reserve fund for the Depart-
nt of Lights the sum of $2500.00 per month effective July Ist,
1950.
Section 3. The City Council hereby authorizes and
directs the City Auditor, City Controller and other city employees
to cause to be transferred into the reserve.fund for the Depart-
nent of Water the sum of $1000.00 per month effective July 1st,
950.
TTEST•
28 //'/ 1,G
H NES, ty ClerkClerk o
29 f Azusa.
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assed, approved and adopted on
31 November 20, 1950
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KW J. Jone
Mayor of the Ci y of Azusa
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