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A RESOLUTION OF THE CITX COUNCIL OF THE CITY OF LOUISVILLE RELATIVE TO <br />BORROWING MONEY <br />WHEREAS, the City of Louisville has incurred certain obli- <br />gations for water distribution facilities and anticipate the need for <br />further expenditures in the immediate future for the same purpose, and <br />WHEREAS, the City has on deposit with the First National <br />Bank of Boulder, Colorado, certain certificates of deposit which were <br />intended for said expenditures but which certificates do not mature in <br />time to pay the expenditures when due, and <br />WHEREAS, it is necessary for the City to borrow the sum of <br />~e-Lr <br />$-~ ~ ~rz?-~~ ~ for 40 days to meet said expenditures as they fall due. <br />NOW, THEREFORE, BE IT RESOLVED, that the necessary respec- <br />tive officers of the City are hereby authorized to borrow on behalf of <br />~~cf <br />the City, the sum of $ ~ 3 : ~'~~'' ~ "-" for 40 days at an interest rate <br />not to exceed 5% and to execute all necessary documents to effectuate <br />said loan. <br />Passed and adopted at an adjourned regular council meeting <br />of the City of Louisville helld on Monday, February 7, 1972, by a vote of <br />~~ For and ~ Aga~_nst and ~ Absent . <br />(SEAL) <br />ATTEST: <br />.~ f <br />f ~, .~ <br />-~, ~ ~'' ~ e ~~_ <br />city clz~ <br />J <br />CITY OF LOUISVILLE <br />By ~/ -~ <br />Mayor <br />