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NOVEMBER 29th,1945. • <br /> Moved by Johnson,seconded by Unzelman,to authorize the purchase of one <br /> high rate(100 amp.)battery charger.P h Fixe 10 Police Signal Dept. Carried. <br /> Moved by Arevds,eeo0nded by 500800en,to adopt Resolution No. 5087 as <br /> • <br /> fo110,0: " RESOLUTION No,5087. <br /> W6BRE0S,the CITY OF EVERET5 has,by Ordinance No.3045, o seed <br /> October 31,1945,provided for the issuance and sale of its <br /> Water Revenue 0850001¢8'0050 in the principal sum of$910,000., <br /> to he dated Deoenber 1,1945 P the purpose of providing moneys <br /> to retire an December 1,1946,its outstanding Water Revenue <br /> Bonds dated December 1,1936,and It is necessary that the moneys <br /> derived from the sale of said refwding bonds be placed in an <br /> escrow fund for investment and safekeeping,ee e s to have the <br /> same 00008 le on December 1,1946,when id outstanding bonds <br /> will become payable]and <br /> ENEMAS,for the purpose of carrying out the placing of.said <br /> 11 moneys in said escrow fund for investment and safekeeping,and <br /> • to properly protect the interests of the City and the o d Pur- <br /> Bo.Puxcheaerreanan d the agreement <br /> must <br /> First Nationalinto <br /> Banko Everett,een <br /> Eversaid ett , a City;rthe <br /> m • <br /> Holder. <br /> NOW,THOtfl0WVE,BE IT RESOLVED BY THE MAYOR AND CITY CCDNOIL' <br /> OF THE CITY OF EVERE'5T,W150550TSV,as follows: • <br /> 1. That an escrow agreement be now entered into in the form <br /> and Containing the terms of the agreement hereto'attached <br /> marked Exhibit"A",and the Mayor and City Clark of said City <br /> e hereby authorized and directed to a each uteagreement <br /> the part of said City,and when so executed the City officials <br /> e hereby anthoxi zea and directed to arry out the terms of <br /> it dela Eenrow Agreement. <br /> Umrn00,8Ws18g00bhl4e822067dayndof00100t0011 940f5.th"City 07 <br /> Carried. <br /> On motion the meeting adjourned at 11:20 AM.. • <br /> n 1( l zZalCity Clerk. <br /> � <br /> Read and approved as of record,November 3 , 5• I l/ld/ <br /> I <br /> Mayor. <br /> I <br /> • <br /> • <br />