Resolution No. 68-22 RESOLUTION x Z-
AUTHORIZING AND RATIFYING LOAN FROM SEWAGE DISPOSAL
FUND TO THE "O.E.A. SEWER IMPROVEMENT FUND" AND
. PROVIDING FOR THE REPAYMENT THEREOF
WHEREAS, pursuant to 294.460 O.R.S., a loan from
any fund of the City (Other than funds created for the
purpose of retiring indebtedness) to any fund of the
City may be properly authorized by resolution of the
City Council, and
WHEREAS, the following sum has heretofore been loaned
from the following described fund of the City to the
"O.E.A. Sewer Improvement Fund" pending sufficient
revenues from assessments and Bancroft bond sales
and interest, to defray payments required pursuant to
the construction contract and other costs of said
Improvement Fund in the following amount.
Sewage Disposal Fund $ 2,220.22
NOW, THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF TIGARD, AS follows:
(1) That loan as heretofore made in the total sum
hereinafter set forth from the fund hereinafter stated,
to the "O.E.A. Sewer Improvement Fund" for the purpose
of payment of construction and other costs with respect
to said Improvement Fund by, and the same is hereby
ratified and confirmed:
Sewage Disposal Fund $ 2,220.22
(2) That the repayment of the above amount from said
"O.E.A. Sewer Improvement Fund" to said fund be, and the
same is hereby authorized and directed to be made when
funds are available.
Dated at Tigard, Oregon, this �-day of Na✓. 1968.
Mayor, City of Tfflbrd
�. ATTEST:
t City, Recorder, City,, Tigard
RESOLUTION
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N O T E
CITY OF TIGARD, OREGON
No. O.E.A. - 3
FOR VALVE RECEIVED, THE O.E.A. SEWER IMPROVEMENT FUND
in the City of Tigard, Oregon, acknowledges to owe and hereby
promises to pay to the SEWAGE DISPOSAL FUND, CITY OF TIGARD,
the Sum of Two Thousand Two HunQred and Twenty Dollars and
Twenty-two cents. ('$x2,220.22)
This note is made pursuant to reolution of the City
Council of the City of Tigard duly passed at its meeting of
November 6, 1968, and is given for the purpose of recording
an obligation arising from the temporary transfer of funds
for the purpose of paying construction costs with respect to
the O.E.A. SEWER IMPROVEMENT FUND.
IN WITNESS WHEREOF, The City Recorder has executed this
instrument on behalf of the City of Tigard for the uses and
purposes set forth. .
CITY OF TIGARD
By: