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4~~ <br />`"TC R) r <br />R E S O L U T I O N <br />i^.HEREAS, the City of Louisville, Boulder County, Colorado, is <br />without sufficient funds to defray the current costs of repairing and <br />maintaining the streets in said city, and <br />iA'HEREAS, it is necessary for the City Council to authorize <br />this issuance of anticipation or registered warrants in order to defray <br />said expenses, <br />! NOW THERF,FORE, be it resolved by the City Council of the City <br />of Louisville, Colorado: <br />1. That the necessary expenses for the repairing, seal coating and main- <br />tenance of the streets of the City of Louisville, not to exceed the sum <br />of $15,000.00, are hereby approved by the City Council, and the Mayor and <br />City Clerk are hereby authorized to sign and issue warrants for the pay- <br />ment of all necessary expenses for the repairing, seal coating and main- <br />tenance of the streets of the City of Louisville, not exceeding the <br />total sum of $15,000.00, <br />2. That the City Treasurer be and is hereby authorized to register, <br />endorse and redeem said warrants according to the laws of the State of <br />Colorado and to pay interest thereon at a rate not to exceed b% per <br />annum. <br />3. That the City Treasurer be and is hereby directed to pay and redeem <br />said warrants from the first monies available in the Street Pund, rem <br />ceived by him from the Boulder County Treasurer as a result of the 1962 <br />ad valorem taxes. <br />ADOPTED this 2nd day of October, 1962, at Louisville, Colorado. <br />ATTEST : <br />:~L._ ~~~~~_~~ <br />i `y erk <br />( S E A L ) <br /> <br />.~~ , <br />/~ ___._ <br />Mayor G~ L~r~ <br />.. , ~ <br />