Res 170 RESOLUTION NO.
WHEREAS, The City Council has deemed it necessary from
time to time to borrow from the Water Fund various sums of
money to be used for the General operation of the City of
Delray Beach and has caused temporary transfers to be made
from the Water Fund to the General Fund, said transfers having
been made On
August 14, 1935 by Check No. 1967 $3,000.00
August 28, 1935 by Check No. 1968 3,000.00
September 3, 1936 by Check No. 2039 3,000.00
November 3, 1936 by Check No. 2049 2,000.00
aggregating the sum of $11,000.00; and
WHEREAS, The General Fund has made repayment of these
temporary transfers and loans to the Water Fund on
March 31, 1936 by Check No. 6163 $3,000.00
. December 7, 1936 by Check No. 6822 2,000.00
· . January 20, 1937 by Check No. 6957 1,500.00
aggregating the sum of $6,500; and
I'
WHEREAS, the General Fund is still indebted to the Water
Fund in the sum of $4,500.00;
NOW, THEREFORE, BE IT RESOLVED, By the City Council of
the City of Delray Beach, Florida, that the transfers of
$3,000.00, $3,000.00, $3,000.00 and $2,000.00 from the Water
Fund to the General Fund are hereby approved and recognized
as temporary loans or transfers, and that said temporary
loans or transfers are to be repaid from the General Fund to
the Water Fund when money is available for that purpose.
BE IT FURTHER RESOLVED, That the repayment by the General
Fund to the Water Fund by Check Nos. 6163, 6822 and 6957, aggre-
gating the sum of $6,500.00, is hereby ratified and approved,
and that the balance of $4,500.00 due the Water Fund from the
General Fund is to be repaid as soon as possible, when money
is available for that purpose.
ADOPTED this £~ day of February, A. D1 1937.
President~ity~Oouncil, of the
City of Delray Beach, Florida.
Attest:
City Clerk.
APPROVED:
mayor