RES 55-02 LOAN FROM EXPENSE FUND TO STREET FUND A RESOLUTION authorizing a loan from the Current Expense hd
to the Street Fund, providing repayment thereof and establish-
ing the period of the loan.
WI~EAS, expenditures from the Street Fund for the year 1954 were
within budget limitations, and
~ER~S, expenditures to date from said fund for the current year
are within the budget limitations, and
WHEP~S, the cash balance of the Street l~und is not sufficient
to pay anticipated demands pending receipt of tax funds, and
WKEP~_~S, this emergency could not reasonably have been foreseen,
and
W~S, this action is considered to be in the interests of the
people of the Town of Winslow;
NOW, TPiE~OE, BE IT RESOLVED by the Town Council of the Town of
Winslow, Washington:
That the sum .~f $500.00 be loaned from the Current Expense ~And
to the Street
That said loan be repaid to the Current Expense Fund as rapidly as
possible following receipt of property tax collections.
That the -period of the loan shall be ninety (90) days from the
date hereof.
PASSE by ~,~_nimous vote of the Council of the Town of Winslow.
Washington, and approved by its N~yor this 15th day of l~ebruary, 1955.