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HomeMy WebLinkAbout1959-B-2291 211 ORDINANCE NO. B-2291 AN ORDINANCE directing the City Treasurer of the City of Yakima to transfer all funds in the Cumulative Reserve Fund for Yakima City Library Building Fund of the City of Yakima to the Yakima County Treasurer and declaring an emergency. WHEREAS, the City of Yakima has a fund known as the Cumula- tive Reserve Fund for Yakima City Library Building Fund, and WHEREAS, the City of Yakima entered into a contract with the Rural County Library District of Yakima County which created the Yakima Valley R Libfary, and WHEREAS, in said contract, the County Treasurer of Yakima County was named Treasurer of the Regional Library, and WHEREAS, R.C.W. 27.12.080 provides in part that "the treas- urer of one of the participating units shall have custody of the funds of the Library. The tf,easurers of the other participating governmental units shall transfer to the one who has been selected as treasurer for the libr- ary, all moneys collected for public library purposes in their goVernmental units.", and WHEREAS, in an opinion dated June 28, 1957 the Attorney Gen- eral of the State of Washington ruled that the meaning of the above-cited portion of statute included all funds including the proceeds from the sale of General Obligation bonds, now, therefore, BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. That the Chief City Accountant and the City Treasurer of the City of Yakima are hereby authorized and directed to transfer all money presently in the Cumulative Reserve Fund for Yakima City Library Building Fund of the City of Yakima together with all bonds or invested collateral within said fund to the Yakima County Treasurer for the use of the Yakima Valley Regional Library. Section 2. This Ordinance is one to provide for the immedi- ate preservation of the public peace, property, health and safety, and an emergency is hereby declared to exist and this ordinance shall be in full force and effect immediately upon its passage, approval and publication as provided by law and the City Charter. PASSED BY THE CITY COMMISSION, signed and approved this 13th day of May, 1959. ATTEST: J.A. SMITH ( S E A L ) JOE K. ALDERSON CITY CLERK MAYOR I hereby certify that the foregoing is a true, full and correct copy of Ordinance No. B-2291 entitled "AN ORDINANCE directing the City Treas- urer of the City of Yakima to transfer all funds in the Cumulative Reserve Fund for Yakima City Library Buidling Fund of the City of Yakima to the Yakima County Treasurer tnd declaring an emergency.", as passed on the 13th day of May, 1959, and that the same has been published as required by law. Y CLERK