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<br />RESOlUTION NO. 607 <br /> <br />AUTHORIZING TRANSFER OF GENERAL RESERVE <br />AccnUNT TO G'ENERJ\L rUJ\TD TO MA INTAIN AND KEEP ON C.l\SH BASIS. <br /> <br />RES01LVED, that the C1 ty Aud 1 tor be and is herebt authol"- <br /> <br />ized to transfer the general reserve account to general fund cash <br />account for the purpose of keeping said fund, as nearly as possible, <br /> <br />on a cash ba s is, a s provided for in see t ion 61 of the Char tar of <br /> <br />the City of Redwo cd Ci ty. <br />BE I~ FURTHER RESOLVED tha t the fund so transferred be <br /> <br />returned to general reserve account as soon as cash is available <br />immediately after Devember 1st when monies are collected on present <br />fiscal year tax bills, and in no event later than the end of the <br />present fiscal year. <br />AYES, and in favor of the passage and adoption of the fore- <br /> <br />going resolutionl <br /> <br />councilmen: <br /> <br />Britschgi, Granger, Holmquist, spillers, <br /> <br />swift snd Werder. <br />NOES, and against the passage and adoption of the foregoing <br /> <br />resolution: councilmen: <br /> <br />None. <br /> <br />ABSENT: councilem: <br /> <br />Morgan <br /> <br /> <br />:a~d~~~ city <br /> <br />Attestt <br /> <br /> <br />Cler~ne~~OOd City <br /> <br />I hereby approve the foregoing reso- <br />lution this 17th, day O~ AU2 19;8. <br /> <br />~i70~a City <br />