190^
SOLUTION NO./$^7
HEREAS,the City of Moses Lake has to its credit inactive
funds which should be invested as provided by R.C.W.35.39.030,
and
WHEREAS,the City of Moses Lake Finance Committee has met in
regular session and determined that investments as hereinafter set
forth should be made;
NOW,THEREFORE,BE IT RESOLVED AS FOLLOWS;
1.$60,000.00 from the Natural Gas Construction Fund shall be
invested in United States Treasury bills for a period not to exceed
ninety days.
2.$80,000.00 from the Natural Gas Bond Redemption Fund shall
be invested in United States Treasury bills for a period not to
exceed ninety days.
3.$40,000.00 from the Natural Gas Service Connection Funds
shall be invested in United States Treasury bills for a period not
to exceed ninety days.
4.Not more than $23,000.00 from the 1955 V/ater and Sewer
Bond Reserve Fund shall be invested in United States Government
Bonds to mature five years from date of investment.
PASSED by the City Council and APPROVED by its Mayor this
9th day of June,1959.
Attest:
City Clerk
Approved as to Form:
^y^City Attorney
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