HomeMy WebLinkAboutO-0781 - Cumulative reserve fund for construction, alteration, maintenance and repair of city buildings (Repealed by 1307)ORDINANCE NO ~
AN ORDINANCE OF THE CITY OF MARYSVILLE
CREATING A CUMULATIVE RESERVE FUND FOR
THE CONSTRUCTION,ALTERATION,MAINTENANCE
AND REPAIR OF PUBLIC BUILDINGS
THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON,
DO ORDAIN AS FOLLOWS
Sectlon 1 Establlshed There 1S hereby created and
establlshed a fund to be deslgnated as "Cumulatlve Reserve Fund
for Constructlon,Alteratlon,Malntenance and Repalr of Clty
BUlldlngs"pursuant to the prov1s1ons of RCW Chapter 35 21
Sectlon 2 Deposlts Such monles shall be placed In
the fund from tlme to tlme as dlrected by ordlnance of the Clty
Councll and as may be provlded for In the annual budget
Sectlon 3 Expendltures The monles placed In the fund
shall be accumulated from year to year and may be expended at such
tlmes as the Clty Councll shall by ordlnance dlrect for the purpose(s)
of construct1ng or of alterlng or of malntaln1ng or of repalr1ng any
Clty bUlldlng PROVIDED,That any money In the fund shall never be
expended for any other purpose than that speclfled,wlthout the
approvlng vote of a maJorlty of the electors of the Clty at a General
o~Speclal electlon votlng on a proposal submltted to the electorate
to allow other speclfled uses to be made of the fund
Sectlon 4 ThlS ordlnance shall take effect from and
after ltS passage and flve (5)days followlng ltS publlcatlon as
requ1red by law
PASSED by the Clty Councll of the Clty of Marysvllle,
Washlngton,thlS JI day of
ATTEST
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jJ~,19.7d.-.-.
CITY OF MARYSVILLE