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ORDINANCE NO. f...70-es <br /> AN ORDINANCE creating Investment Earnings Clearing Fund No. 803. <br /> WHEREAS, The City of Everett desires to pool its cash from all <br /> operating funds for investment purposes and distribute interest <br /> earnings quarterly based on the average daily cash balance in each <br /> operating fund, and <br /> WHEREAS, the investment earnings received in cash must be <br /> credited to a clearing fund until the quarterly distribution <br /> is made, <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN <br /> that Investment Earnings Clearing Fund No. 803 is hereby <br /> created to be used as set forth in this ordinance. <br /> WILLIAM E. MOORE, Mayor <br /> ATTEST: <br /> City Clerk <br /> Passed: /— /,7— 1 3 <br /> Valid: l- /y— f 3 <br /> Publ i shed: / —/ ?- F3 <br />