1963-3119r"~J
RESOLLITYON NOo 3119 `~`
RE9QL[TTlON AUTfIOR.YZING 3Rt~NSFBR PROM 111AATBR OPERATYNG FUND TO
GBNS~EAL f~LIGATION WA7~R BONDS: OP 1963 PUA1D AND RSD[TCING
CERTAIN A'D VALORBM TAJC LEVIES•
WHERBI~'9 .Resoiiition No® 30?9 provided fore the sale of $19?OOp000 General
~C?biigation Fonds of 1963 and le~ried taxes for the repayment thereof,
~`I38RBp18o Tt appears desirable to cancel or redo ~ such ad ealorem tax levies
to the extent that such reduction is possible by reason of transfers
fr®m the water operating funds and
ir~HERBAS9 Such transfers shah be charged as an expense #o the Water Operating
Fhb e
NGAT THBRBPORB9 BB IT_RE~LVBD by the ~iilage council of the. Village of
Richfield9 Mit~nesotas as foiiows.s
1e ~e transfer and appropriation• of $710?49,00 from the 'hater
Operating Pund t® the Ger~erai Obligation ~flater Bonds of 1963
Fund is lzerei~y authorised anal directed.
20 The 1963 ad valorem tax le~-y in said Resolution Noe 30?9 in
the amount of $719?49@OOs collectible in 19649 levied to pay
principal and interest obligations of .the Ge~,erai Obligation
mater Bonds of 1963 Pund is hereby canceiledo '
3~ A copy of this resolution sha11 be sent to the County Auditore
Fassed by the council .of the Vi],lage of Richf field this 8'th .day of Octobers
1963,
AT1g3STo ~~~Gwr~ ~~
8dwo Ja Mol° e9 Clerlc® reaso
Stan1 fit, Oison9 Mayor
0 an evelen9 Manager
1