HomeMy WebLinkAboutO-0536 - Water supply or sewage disposal improvement fund (Repealed by 1307)ORDINANCE NO.~5~3~6 __
An ordinance providing"for the establishment of 'a 'Cumu.Lat.I ve
Reserv.e Fund for Water Supply or Sewage Disposal Improvements and
transferring funds thereto from the Water and Sewer Revenue Fund.
THE COUNCIL OF THE CITY OF MARYSVILLE DO ORDAIN AS FOLLOWS:
Section 1:That there is hereby created and established a fund to
be designated as "Cumulative Reserve Fund for Water Supply or .
Sewage Disposal Improvements"for the purpose of accumulating a.
fund for the construction of major improvements to either the
Water Supply System or the Sewage Disposal System as may hereafter
be deemed advisable by the council and for the purpose of main.:.
taining an adequate reserve for emergency repairs to said systems.
Said fund may be referred to by the short title "Water and Sewer
Reserve.".
Section 2:That the City Clerk is hereby directed to transf~r to
said Water and Sewer Reserve the amount of $20)000.00 from the
Water and Sewer Revenue Fund}said amount being the unexpendea
balance'of budget item "Combined Sewer and Water Reserve Fund ;"
Section 3:That moneys shall be placed in said fund from time to
time as directed by ordinance of theCity Council.and as may be
provided for in the annual budget.''
Section 4:That expenditures from said funds may·be made by the
City Council only for the purposes for which the fund was created.
Section 5:That the moneys in said fund shall never be expended '
for any purpose than that specified without an approving vote by
the majority of the electors of the City in a general or special
election'voting ··on a proposal submitted by the eLec t or-s to allow
other specific uses to be made of such fund.
Section 6 r That this ordinance sha Ll,take effect and be in force
from and after its passage,approval and five days following its
publication as required by law.
Passed by the City Council of the City of Marysville this 1st
day of March,196,.
THE CITY OF MARYSVILLE:.
~'-~:,/By:~~;L
,Mayor
Attest:a .,y ~"
JI?d -f.'.-t.<_;;(£O-[Y-n-C"(i.rCityCerk '
Approved as to form:
4~7""""-,-.,--.·-"'t(If.;cud".\.lD,t 1/I-UA Ld-tA,
,City Attorney