My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
O-1962-641
LaPorte
>
Legislative records
>
GR1000-05 Ordinances - GR1000-05 Ordinances & Resolutions
>
1960's
>
1962
>
O-1962-641
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/2/2016 3:38:24 PM
Creation date
10/24/2006 10:33:12 AM
Metadata
Fields
Template:
Legislative Records
Legislative Type
Ordinance
Date
4/6/1962
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
27
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />e <br /> <br />\e <br /> <br />.~ <br />~ reason, fail to pay into the Contingency Fund the full amount. above <br /> <br />stipulated, amounts equivalent to such deficiency or deficiencies <br /> <br />shall be set apart and paid into said Contingency Fund from the <br /> <br />-first available and unallocated revenues of the following month <br /> <br />or months and shall be in addition to the monthly deposit herein- <br /> <br />above provided to be paid otherwise into said Contingency Fund. <br />'. <br /> <br />The moneys pa~d into the Contingency Fund shal.l be deposited in <br /> <br />the official depository of the City, and shall be continuously <br /> <br />,-0"- -", <br /> <br />secured by a valid pledge to the City of direct obligations of the <br /> <br />. <br /> <br />. .' <br /> <br />United states of America, having an aggregate market value, exclu- <br /> <br />sive of accrued interest, at all times at least equal to such <br /> <br />Contingency Fund. ,Money's in the Contingency Fund may be invested <br /> <br />as is provided in the next preceding paragraph with respect to <br /> <br />moneys in the Reserve Fund, and if such moneys are so invested in <br /> <br />securities (as provided in said next preceding paragraph) moneys <br /> <br />resulting from the sale thereof' shall belong to the Contingency <br /> <br />Fund and shall be available for the two purposes specified above. <br /> <br />'------....." <br /> <br />When a balance of not less than $25,000 is reached in the Contin- <br /> <br />. <br /> <br />gency fund, no further payments need to be made into said Fundj <br /> <br />however, in the event that said balance is ever reduced to an amount <br /> <br />less than $25,000, the monthly payments, as provided above, shall <br /> <br />be resume~ and continued until said balance of $25,000 is again <br /> <br />reached and maintained. <br /> <br />(e) Trust Funds: Moneys in the Bond Fund, in the Reserve <br /> <br />Fund, and in the Contingency Fund shall constitute trust funds, and <br /> <br />shall be used solely fpr the aforesaid purposes until all of the <br /> <br />Bonds have been retired, both as to principal and interest. The <br /> <br />,.-' ,.-. ............., <br /> <br />. <br /> <br />appropriate officials of the City shall assure that moneys are <br /> <br />-18- <br />
The URL can be used to link to this page
Your browser does not support the video tag.