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HomeMy WebLinkAboutCC RESO 8408RESOLUTION NO. 8408 A RESOLUTION TERMINATING SINKING FUND NO. 8 WHEREAS, Ordinance No. 716 of the City of National City set up a sinking fund to be known as "Sinking Fund No. 8" for the purpose of payment of bonds and interest accruing thereon as provided in said ordinance, and WHEREAS, the said bonds and interest thereon have been fully paid and all obligations thereunder have been fully terminated, and WHEREAS, there are moneys remaining in said sinking fund No. 8 which are not required for the payment of said bonds or accrued interest thereon, NOW, THEREFORE, be it resolved that all moneys presently remaining in sinking fund No. 8 which moneys are not required for the payment of bonds and interest as set forth in Ordinance No. 716, be transferred to the General Fund of the City of National City, and that the necessary City of- ficials be authorized to make the necessary transactions to complete said transfer. PASSED AND ADOPTED this �s Y� day of June, 1963. ATT EST : CITY CLERK • ---'-MAYOR