RES 56-01 LOAN FROM EXPENSE FUND TO STREET FUND · RES0tUTION authorizing a loan from the Current ~-Z~ense ~und
to the Street l~lnd, providing repayment thereof and establish-
ing the period of the loan.
W~IRIAS, expenditures from the Street !~xnd for the year 19~5 were
within budget limitations, and
W~S, expenditures to date from said ihxnd for the current year
are within the budget limitations, and
WHIRFAS, the cash ~alance of the Streetl~nxd is not sufficient to
pay anticipated demands pending receipt of tax funds, and
W1EAS, this emergency could not reasonabl~ have been foreseen,
WIllBIAS, this action is considered to be in the interests of the
people of the Town of Winslow;
NOW, Tm~0BI, 3~. IT R~S0~VID by the Town Council of the Town of
Winslow, Washington|
That the sum of $500.00 be loaned from the Current lzpense l~mnd
to the Street Fund.
That said l~an be repaid to the Current I~pense Fund as rapidly as
possible following receipt of property tax collections.
That the period[ of the loan shall be ninety (90) da~s from the
date hereof.
IsASS~.D by unanimous vote of the Council of the Town of Winslow,
Washington, and approved by its Mayor this 21~ day of February, 1956.
·ttest:
Mayor