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AEC :yc :2/2/59-7 ORDINANCE NO. 929 ORDINANCE APPROPRIATING THE SUM OF FOURTEEN THOUSAND FIVE HUNDRED AND FIFTY-ONE DOLLARS ($14,551) FROM THE SEWER RENTAL FUND TO THE CAPITAL FUND, 1958 SEWER BOND SERIES ACCOUNT, FOR THE PURPOSE OF THE PAYMENT OF INTEREST ON 1958 SEWER BONDS • WHEREAS, pursuant to Section 9 of Ordinance No. 856, entitled "An Ordinance Establishing mules, Regulations and Charges in Connec- tion With the City Sanitary Sewer Facilities ; and Repealing Ord- inance No. 596, Adopted August 2, 1948, " adopted May , 1957, as amended, provides for the establishment of a fund known as the "Sewer Rental Fund" into which all moneys received from the collec- tion of sewer rental charges are deposited; and WHEREAS, the above mentioned Section 9 of Ordinance No. 85€ provides that the moneys in said Sewer Rental Fund shall be used only for the payment of bond redemption and interest charges for sewer facilities; and WHEREAS, it is necessary that the sum of Fourteen Thousand Five Hundred and Fifty-one Dollars be appropriated from said fund to pay a portion of the interest due on 1956 sewer bond issues; NOW, THEREFORE : THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS : Section 1. The sum of Fourteen Thousand Five Hundred and Fifty-one Dollars is hereby appropriated from the Sewer Rental Fund established by Section 9 of Ordinance No. 856, entitled "An Ord- inance Establishing Rules, Regulations and Charges in Connection with the City Sanitary Sewer Facilities; and Repealing Ordinance No. 598, Adopted August 2, 1948, " adopted May 6, 1957, as amended, to the Capital Fund, 1958 Sewer Bond Series Account, for the pur- pose of paying bond interest on 1958 sewer bond issues. Section 2. All of the sums appropriated herein are in addi- tion to any and all sums heretofore appropriated to the account designated. Section 3. This ordinance shall be effective thirty (30) days after its adoption. 4c �. �c