HomeMy WebLinkAbout04/19/1943 Business Meeting & 4/22/1943 Adjourned Meeting241
April 19, 1943
The Citv Commission :net in regular session, Mayor Mogren and Commissioners Clark and
White present on roll call, e
Moved by Mogren, seconded by White that the minutes of the regular meeting of Monday,
April 12,'1943 be approved as read: carried, Mogren, White and Clark voting aye on
roll call.
Moved by White, seconded by Mogren that the following claims'be allowed and the City
Clerk authorized to issue warrants as follows: Current Expense $529.87; City Street
$51.75; Park $25.94; Cemetery $10.23 and Irrigation $149.89: carried, Mogren, White
and Clark voting aye on roll call.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the
City of Yakima that.there be and there is hereby temporarily loaned and transferred
from the Cumulative Reserve Fund of the City of Yakima. to the Current Expense Fund
of the City of Yakima the sum of $20,000.00, and that said transfer and loan be made
forthwith, the same to bear interest,at the rate of two per cent per annum from the
date of such transfer and loan.
BE IT RESOLVED BY THE CITY COMMISSION of the City of Yakima that
said transfer and loan herein authorized, together with interest thereon, be repaid
by the Current Expense Fund as rapidly and as soon as funds accumulate in said Current
Expense Fund and become available for that purpose.
ADOPTED BY THE CITY COMMISSION, signed and approved this 22nd
day of April;, 103.
ATTEST: PEARL BENJAMIN, (S E A L) A. W. MOGREN,
City Clerk. Mayor.
Moved. by White, seconded by Mogren that Resolution No. C -565 be approved as read:
carried, Mogren, White and Clark voting aye on roll call.
RESOLUTION NO. C -566, A RESOLUTION authorizing and directing temporary transfer and
loan from the Cemetery Trust Fund of the City of Yakima to the Current Expense Fund
of the City of Yakima, and providing for rate of interest thereon and repayment there-
of.
WHEREAS, the Current Expense Fund of the'City of Yakima has be-
come temporarily depleted acid there are outstanding interest bearing warrants against
the same and said Current Expense Fund is temporarily in need of funds; and
WHEREAS, the Cemetery Trust Fund of the City of Yakima has sur-
plus funds therein for investment and"which funds are not needed at the present time
by said fund, and it is desirous that said funds be invested at interest; and
WHEREAS, the.said Current Expense Fund of the City of Yakima
has sources of revenue and income which will enable it to seasonably repay a loan in
the amount hereinafter authorized from the Cemetery Trust Fund, with interest, and
it is to the best interests of the City of Yakima that a temporary transfer and loan
be made from said Cemetery Trust�Fund, and thus save the City of Yakima the payment of
interest on outstanding warrants and at the same time invest a part of its Cemetery
Trust Fund monies at interest; .
City
from
said
f ort:
date
NOW, THEREFORE, BE IT
of Yakima that there be and there' is h
the Cemetery Trust Fund of*the City of
City of Yakima., the sum of $50,000.00,
awith, the same to bear - interest at the
of such transfer and loan.
RESOLVED by the City Commission of the
sreb,y temporarily loaned and transferred
Yakima'to the Current Expense Fund of
and that said transfer and loan be made
rate of two per cent per annum from the
BE IT FURTHER RESOLVED by the City Commission of the City of
Yakima that said transfer and loan'herein authorized, together with interest thereon,
be repaid by the Current Expense Fund as rapidly and as soon as funds accumulate in
said Current Expense Fund and become available for that purpose.
Moved by Mogren, seconded by White that we do now adjourn to meet Thursday, April 22,
1943 at two o'clock P. M: carried, Mogren, White and Clark voting aye on roll call.
ADJOURNED MEETING, THURSDAY, APRIL, 22, 1943, 2 P. M.
The City Commission met pursuant to adjournment, Mayor Mogren and Commissioners White
and Clark present on roll call.
RESOLUTION NO. C_565, A RESOLUTION authorizing and directing temporary transfer and
loan from the Cumulative Reserve Fund of the City of Yakima to the Current Expense
Fund of the City of Yakima, and providing for rate of interest thereon and repayment
thereof.
WHEREAS, the Current Expense Fund of 'the City of Yakima has be-
come temporarily depleted and there are outstanding interest bearing warrants against
the same and said Current Expense Fund is temporarily in need of funds, and
WHEREAS, the Cumulative Reserve Fund of the City of Yakima has
surplus funds therein for investment and which funds are not needed at the present
time by said fund, and it is desirous that said funds be invested at interest; and
WHEREAS, the said Current Expense Fund of the City of Yakima has
sources of revenue and income which will enable it to seasonably repay a loan in the
amount hereinafter authorized f rom'the Cumulative Reserve Fund, with interest, and it
is to the best interests of the City of Yakima that a temporary transfer and loan be
made from said Cumulative Reserve _ Fiind to the said Current Expense Fund, and thus save
the City of Yakima the payment of interest on outstanding warrants and at the same
time invest a part of its Cumulative Reserve Fund;
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the
City of Yakima that.there be and there is hereby temporarily loaned and transferred
from the Cumulative Reserve Fund of the City of Yakima. to the Current Expense Fund
of the City of Yakima the sum of $20,000.00, and that said transfer and loan be made
forthwith, the same to bear interest,at the rate of two per cent per annum from the
date of such transfer and loan.
BE IT RESOLVED BY THE CITY COMMISSION of the City of Yakima that
said transfer and loan herein authorized, together with interest thereon, be repaid
by the Current Expense Fund as rapidly and as soon as funds accumulate in said Current
Expense Fund and become available for that purpose.
ADOPTED BY THE CITY COMMISSION, signed and approved this 22nd
day of April;, 103.
ATTEST: PEARL BENJAMIN, (S E A L) A. W. MOGREN,
City Clerk. Mayor.
Moved. by White, seconded by Mogren that Resolution No. C -565 be approved as read:
carried, Mogren, White and Clark voting aye on roll call.
RESOLUTION NO. C -566, A RESOLUTION authorizing and directing temporary transfer and
loan from the Cemetery Trust Fund of the City of Yakima to the Current Expense Fund
of the City of Yakima, and providing for rate of interest thereon and repayment there-
of.
WHEREAS, the Current Expense Fund of the'City of Yakima has be-
come temporarily depleted acid there are outstanding interest bearing warrants against
the same and said Current Expense Fund is temporarily in need of funds; and
WHEREAS, the Cemetery Trust Fund of the City of Yakima has sur-
plus funds therein for investment and"which funds are not needed at the present time
by said fund, and it is desirous that said funds be invested at interest; and
WHEREAS, the.said Current Expense Fund of the City of Yakima
has sources of revenue and income which will enable it to seasonably repay a loan in
the amount hereinafter authorized from the Cemetery Trust Fund, with interest, and
it is to the best interests of the City of Yakima that a temporary transfer and loan
be made from said Cemetery Trust�Fund, and thus save the City of Yakima the payment of
interest on outstanding warrants and at the same time invest a part of its Cemetery
Trust Fund monies at interest; .
City
from
said
f ort:
date
NOW, THEREFORE, BE IT
of Yakima that there be and there' is h
the Cemetery Trust Fund of*the City of
City of Yakima., the sum of $50,000.00,
awith, the same to bear - interest at the
of such transfer and loan.
RESOLVED by the City Commission of the
sreb,y temporarily loaned and transferred
Yakima'to the Current Expense Fund of
and that said transfer and loan be made
rate of two per cent per annum from the
BE IT FURTHER RESOLVED by the City Commission of the City of
Yakima that said transfer and loan'herein authorized, together with interest thereon,
be repaid by the Current Expense Fund as rapidly and as soon as funds accumulate in
said Current Expense Fund and become available for that purpose.
r
242
ADOPTED BY THE CITY COMMISSION, signed and approved this 22nd
day of April, 1943-
ATTEST: PEARL BENJAMIN, (S E A L) A. W. MOGREN,
City Clerk. Mayor.,
Moved by White, seconded by Mogren that Resolution No. C -566 be adopted as read:.-
carried, Mogren, White and Clark voting aye on roll call.
ATTEST:
C i Vy C 1 e r k.
a y-o r.
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