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164// RESOLUTION NO•/6^ A RESOLUTION of the Council of the City of Moses Lake,Viashinf ton authorizing the City Treasurer to invest funds in Local Improvement District No. 10 warrants as established by Ordinance Mo.3U3o BE IT 7.SSQLVED by the City of Moses Lake, Washington as follows: SECTION lo That it is the intention of the City Council of the City of Moses Lake,Washington,to purchase the construction warrants of LID #10 in an amount not to exceed &19,lhO.Trom other reserve funds of the city© •SECTION 2>The City Treasurer is hereby authorized to purchase LID #10 construction warrants in amounts of $5>00 or less as process estimates are approved by the City Engineer and Councilo Said LID //10 construction warrants shall be drawn by the City Clerk in amounts of $5>00 or less bearinf interest at a rate of $%per annum0 SECTION 3e Warrants of said jlpcal.improvement district #10 shall bo redeemed by the treasurer of the City of Moses Lake annually from the monies accummulating in LID #10 fund whenever there shall be sufficient money to pay for any one full warrant and the accrued interest. PASSED at a regular meeting of the Council of the Citv of Moses Lake, >=R <£.<% Washington,and approved by its Mayor on the JHsr&^^-^szszj^&g^^ day of /l<^u^*~*^u 19^7 CITV OF MOSES LAKE,WASHINGTON fSl*s2'2<2d&: MAYOR ATTEST: CITY CLERK ::[l-v~'\)jmJ