1967-3880r1 ~~
RESOD TION N®, 3880
RESY~ioUTION AIJTHORIZIIL~ TRANSFER FR~JdvI WATER OPBRATTNG FUI~
TO GEIVERAF, ®BLyCATy®N WATER BONA ®B 1963 FIJAtD ANA RBDt~m
INS CERTAIN ADVALOREM TA3C I.BVI.ES
WI-iER~S, Resolu~tior~ No, 309 provielecl for the sale of $1,00,000 General
Obligation Bonds of 1963 and levic~cl taaees for the repayment
thereof 0
'~, It appears desirable to cancel or reduce such ad valorem teas
levies to thc~ extexat that such reduction is possible ~ mason
®f transfers from the water ®perating fund, and
AREAS, Such transfers shall be charged the Water Operating Fundo
NOt+tl TfffiREF6RE9 BB IT RESOLVED by the city council of the City of Richfield,
Minnesota., as follo~uss
1, The transfer a~ appropriation of $106,800,00 from the
dater-Ope~~.ting Fund to the General Obligati®n ~Ta~ter Bonds
®f 1963 Fund is hereby authorised and directedo
~o T'he 196`7. ad valorem tax levy in said Resolution Noo 30°79 in
the amount of $106,800000, collectible in 1968, levied. to
pay prinr~ipal anel interest obligations of the Genes al Obli®
gation ~tlater Bonds ®f 1963 Fua~d is hereby canceileei®
3o A copy ~f this resolution shall be sent to-the County Auditor®
Passed by the council of the City of Richfield this 9th da,y of October, 196,
W-~
Stanley W, Olson, Mayor
Attests
~~~-~
Edv~ard ~a Moli~ae, Cler9c=.1~easo _
1