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HomeMy WebLinkAboutOrdinance No. 0321CITYOFMEDINAORDINANCENO1976Budgetforthepurposeofcosplatingthepurchaseoft1ITHECXTYCOUNCILOFTHECITYOFMEDINADOORDAINASFOLLOWSsctionheretrthtrialh89100thsSeaDollarsforthepurposeofcompletingtheSection2TransferredmoneystohedeemedaloanThemoneystransferredythisOrdinanceshallbedeemedaloanfromheArterialForwardThrustFundtoberepaidoveraperiodofthree3yeonencingJanuary197andtobearinterestattherateofpercentperannumuponunpaidbalancescomputedaesimpleinterestSectice3CodeReferenceAllsectionshereofshallbederedoftemporaryorspecialeffectSection4EffectiveDateThisOrdinanceshalltaketionofsuchpassagethesamedayMAYORAttest CITYOFNEDIN0DINANCKNO321ANRDINCruskinStrensferfromtheArterialForwardThrusttheCaveatseFuthe1976BudBetforeroeoelettheraseoft2eviclesTEEGrITCOUNCILOF11CITYOFHEDINADOOAINASFOLLNSSectionlTransferThereisherebytrsnsferredfromtheArterialForwardThrustFuadoftheCitytotheCurrantxpenseFundforeapltaloutlaythesumofEightThousandend00lOOths8000dollarsforthepurposeofcompletingthepurchaseofto2policevehiclesSection2TransferedmoneystobedeemedaloanThemoneystrswsforedbythisOrdinanceshallbedeeaedaloaufromtheArterialFormrdThrustFundtoberepaXdoveraportdofthree3yearscomesatinSJanuary1977andtobearinterestattherateoffivepercentStperenmmuponunpaidbalancescanporedansimpleinterestSection3CodeReferenceAllsectionshereofshallbeconsiderodoftesporaryorspecialefectSection4EffectivedateThisOrdinanceshellakeefectupoethe20thdayofSeptsaber1976PASSEbyatleastonemorethanamJorityoftheCiLCouncilusthe13thdyofSeptember1976andsiSnodinauthenticalienofsuchpesouSethemedayHYGApprovodastoformAttestGloriaJBakerCityClerk