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CC RESOLUTION 2968RESOLUTION NO. 2968 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA,, TRANSFERRING MONEY BETWEEN FUNDS. (FUND NO. 19) WHEREAS, Water Bonds, 1948, Interest and Redemption Fund No. 19 was established for the purpose of paying interest and redeeming bonds for • a $950,000.00 bond issue which was voted upon by the people of the City of E1 Segundo on December 14, 1948; and WHEREAS, there is a present balance of $12,045.68 in Water Bonds, 1948, Interest and Redemption Fund No. 19; and WHEREAS, all outstanding bonds and interest coupons due from Water Bonds, 1948, Interest and Redemption Fund No. 19 have been paid except for interest coupons amounting to $463.75; and WHEREAS, the City Council desires to transfer to the General Fund all except $463.75 of the money from the Water Bonds, 1948, Interest and Redemption Fund No. 19; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES RESOLVE AS FOLLOWS: SECTION 1. That there is hereby transferred from the Water Bonds, 1948, Interest and Redemption Fund No. 19 to the General Fund all moneys on hand in the Water Bonds, 1948, Interest and Redemption Fund No, 19 in excess of $463.75. SECTION 2. That the City Clerk shall certify to the passage and adoption of this resolution; shall enter the same in the book of original resolutions of said city; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said city, in the minutes of the meeting at which the same is passed and adopted. PASSED, APPROVED AND ADOPTED this 5th day of February , 1980, Mayor of the City of El Segundo, Cali-fornia. ATTEST: City Clerk (SEAL) 0 • STATE: OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) • I VALERIE A. BURROWES City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing resolution, being Resolution No. 2968 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 5th day of February -'19 80 and that the same was so passed and adopted by the following vote: AYES: Councilmen _ Bensons Bue, Nagel, Van Vranken and Mayor Balmer NOES: Councilmen None ABSENT: Councilmen None WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY thils7. 11th day of February 19 80 City Clerk of the City of El Segundo, California (SEAL) •