Ordinance No. 78-24 •J
CITY OF TIGARD, OREGON
ORDINANCE No. 78- .2q
AN ORDINANCE AUTHORIZING AND DIRECTING TRANSFER TO THE GENERAL FUND OF THE CITY
OF TIGARD OF $991.59 REMAINING IN THE SEWER IMPROVEMENT BANCROFT #3 ACCOUNT, FIXING
AN EFFECTIVE DATE AND DECLARING AN EMERGENCY.
THE CITY OF TIGARD ORDAINS AS FOLLOWS:
Section 1: The City Council finds that all sewer assessment Bancroft Bonds issued
in connection with a certain sewer improvement district and termed
"Bancroft #3 Account" have been paid and there exists no outstanding obligations
properly payable therefrom.
Section 2: The Council further finds that there is a balance on hand of $991.59
. which should properly be transferred to the general fund of the City
of Tigard.
Section 3: The City Recorder be, and she is hereby, authorized and directed pursuant
to Chapter 294.475 O.R.S. to transfer all funds remaining in "Bancroft
#3 Account" to the general fund of the City and to close the said "Bancroft #3 Account"
in all respects.
Section 4: Inasmuch as it is necessary for the peace, health and safety of the people
of the City of Tigard that the accounting procedures of the City be
kept and maintained in current condition at all times and that all matters be timely
concluded, an emergency is hereby declared to exist and this ordinance shall become
effective upon its passage by the Council and approval by the Mayor.
PASSED: By (.L►1 6f int w1 ou S vote of all Council members present, after being
read two times by number and title only, this _f �} day of April, 1978.
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Recorder
APPROVED: By the Mayor, this day of April, 1978.
Mayor
ORDINANCE No. 78-