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HomeMy WebLinkAboutRES NO 53-57RESOLUTION OF THE COUNCIL OF THE CITY OF BAKERS- FIELD AUTHORIZING' THE FISCAL AGENT TO WITHDRAW CERTAIN FUNDS FROM T~ SURPLUS REVENUE FUND AND TO PAY THE SAME TO THE TREASURER OF THE CITY OF BAKERSFIELD, PURSUANT TO THE PROVISIONS OF RESO- LUTION NO. 75-55 OF SAID COUNCIL. WHEREAS, Resolution No. 75-55, authorizing the issuance of City of Bakersfield Off-Street Parking Revenue Bonds and of $880,000 Principal Amount of Series A Bonds, provides, among other things, that the Fiscal Agent shall pay over to the Treasurer of the City of Bakersfield, as directed by resolution of the CounCil, any or all moneys in the Surplus'Revenue Fund, and WHEREAS, the Council of the City of BakerSfield finds it necessary to effect a transfer of certain funds from said Surplus Revenue FUnd+to be deposited in the Off-Street Parking Construction Fund of said City, in order to balance a deficitin said fund. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Bakersfield, that the Fiscal Agent, Crocker-Anglo National B~nk, No. i Sansome Street, San Francisco 20, California, be and it is hereby authorized and directed to .transfer the sum of Seven Thousand One Hundred Thirty Eight and 37/100 Dollars ($7,138.37) from the Surplus Revenue Fund of said City, to the Troasurer of the City of Bakersfield, for the purpose of balancLng'a deficit in the Off-Street Parking Construction Fund of said City. BE IT FURTHER RESOLVED, that the Treasuror of the City of Bakersfield be and he is hereby directed, upon recoipt of the aforosaid sum of Seve~ Thousand One Hundred Thirty Eight a~d 37/100 Dollars ($7,138-37) from said Crocker-Anglo National Bank, to deposit the same in the Off-Street Parking Construction Fund NQ.' 50 of the City of Bakersfield. I HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of the City of Bakersfield at a regular meeting thereof held on the 7th day,of 0ctober~ 1957, by the following vote: C~.~ .... ~ ~0. h~.~._~.,J_ City I and Ex-Officio Clerk of the Council of the City. of Bakersfield. APPROVED,' this. ~Tth od_~tlx October, 1957 'MAYOR o~ the '.City of Bakersfield.