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STATE OF WASHINGTON
COUNTY OF JEFFERSON
In the matter of
x
RESOLUTION NO. 75-87
A Resolution Providing x
For a Loan For the x
Necessary Operation of x
The Current Expense Fund x
WHEREAS, the present financial condition of the Current
Expense Fund precludes the operation thereof without borrowing;
and,
WHEREAS, Engrossed House Bill No. 248, Section 1,
adopted 1971 First Ex. Session, in accordance with the provisions
of RCW 36.40, permits borrowing when used for a specific purpose,
which in this instance shall be the necessary operation of the
Current Expense Fund, and the amount needed for the said purpose
is the sum of $ 100,000.00, now therefore,
IT IS HEREBY FOUND AND DECLARED that the public
welfare, convenience and the uninterrupted public service
provided by the Current Expense Fund requires this Board of
County Commissioners to proceed in manner and form as herein
determined, and that the sum of $ 100.000.00be borrowed from the
County Road Fund, the same to be repaid in full along with an
interest payment of -ª-- per cent per annum, by Sp.ptp.mber 30, 1990.
PROVIDED, HOWEVER, that nothing shall prevent the sooner
liquidation of said loan if financially feasible.
IT IS HEREBY ORDERED, by the Board of Jefferson County
Commissioners that the County Treasurer be, and she is hereby
authorized and empowered, to transfer the amount of$ 100.000.00
from Road Fund No. 1360, unencumbered balance, into the Jefferson
County Current Expense Fund.
this ~/.~day of /~~9g>7
JEFFERSON COUNTY
BOARD CO SSIONERS
B. G.
SEAL:
George C. Brown, Member
vot
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