65OvJ UJ
RESOLUTION NO.65
A RESOLUTION OF THE CITY OF MOSES LAKE AUTHORIZING THE
INVESTMENT OF ALL OR ANY PORTION OF THE MONIES OF THE L.I.D.
GUARANTEE FUND OF THE CITY OF MOSES LAKE BY THE REDEEMING OF
ANY AND ALL WARRANTS DRAWN ON ANY FUND OF THE CITY OF MOSES LAKE
WHICH HAS INSUFFICIENT FUNDS TO PAY SAID WARRANT.
WHEREAS, the Street Fund of the City of Moses Lake and
various other funds of the City of Moses Lake are without money
for the payment of salaries, labor, materials,maintenance and
improvements, as said funds were inadequately provided for in the
Budget,and
WHEREAS,the Finance Committee of the City of Moses Lake
has heretofore approved the investment of all or any portion of
the monies in the L.I.D.investment fund by loaning the same to
any other fund in the City of Moses Lake which is unable to pay
its warrants,
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF MOSES LAKE, AS FOLLOWS:
That should the City be unable to pay any warrants drawn
against any fund of the City of Moses Lake, the City Treasurer of
the City of Moses Lake is hereby authorized and directed to issue
emergency warrants and said warrants may be paid out of the monies
in the L.I.D.Guarantee Fund and while said monies in the L.I.D.
investment fund are invested in any other fund, said monies shall
draw interest as prescribed by the Laws of the State of Washington.
The foregoing Resolution is passed as provided by Remington's
Revised Statutes,Section 5646-13,1943 Supplement.
PASSED AND ADOPTED by the City Council of the City of Moses
Lake this 30th day of October,1951,being a continuation of a regu
lar Council meeting.
MAYOR
Attest^
CitylDlerk
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