HomeMy WebLinkAboutResolution No. 16301
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RESOLUTION NO. 14a 30
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF AZUSA RELATIi':G TO A FUND ESTABLISH-
ED FOR CAPITAL OUTLAYS BY SAID CITY.
The City Council of the City of Azusa does resolve
as follows:
7MEREAS the City Council of the City of Azusa has
heretofore created and established a fund for capital outlays for
public i,:lprovements to be hereafter constructed, erected or
purcnase3, and
WHEREAS said fund now is and for sometime last past
has been maintained in the First National Bank in the City of Azusa,
and is known as the Inactive Fund, and
WHEREAS the total amount of said fund is in the sum of
$40,000.00, and
MIEREAS it is contemplated by the City Council of the
City of Azusa that said fund will be necessary in the future for
capital outlays for public improvements and for machinery and
apparatus to be used in the several departments of saic. City, and
',7HEREAS the City Council in establishing its tax rate
ever since said fund was created, has considered said fund to be
established for capital outlays only and not for any other purpose;
THEREFCRE BE IT RESOLVED by the City Council of the
City of Azusa that said Inactive Fund maintained in the First
National Bank of the City of Azusa by the treasurer of saiC City,
be redeclared to be a fund of said City for capital outlay for
public improvements, machinery and apparatus, and that said fund be
coiitinued as a fund to pay for capital outlays, machinery and
apparatus to be expended in the future for such purposes.
BE IT FURTHER RESOLVED that the :.1ayor shall sign this
Resolution and the City Clerk attest and certify to the passage
and adoption thereof.
Approved and adoptek this 2nd day of October, 1939.
Lyayor/of the City of Azusa.
ATTEST:
i..ae A. Hynes ity Clerk
of the City of Azusa.
(Chapter 717 Session Laws of 1937)
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I do hereby certify that the foregoing Resolution
was regularly adopted by the City Coum it of the City of Azusa
at a regular meeting of said Council he1C in the regular
Council Chambers of said City Council in said City on i 4
1939, and that the same was passed by
t eollor:in.- vote of the Council:
AYES: Councilmen,vqa�
NOES: Councilmen, h&tX,
ABSEi'T: Councilmen,)/O-�
); is Q %
LIae A. Hynes, ity Clerks
of the City f Azusa.