HomeMy WebLinkAbout36-83 RESOLUTIONRESOLUTION NO. %.5C2J'
A RESOLUTION CANCELLING PRIOR LOANS FROM THE GENERAL
FUND TO THE AIRPORT FUND AND ESTABLISHING THE POLICY
OF THE FAYETTEVILLE BOARD OF DIRECTORS REGARDING FUTURE
TRANSFERS FROM THE CITY'S GENERAL FUND TO THE AIRPORT
FUND.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Sec. 1. That the principal amount
advanced from. the City General Fund to
accrued interest thereon in the amount
be considered a cancelled debt.
of $581,067
the Airport
of $136,329
. 00 heretofore
Fund, plus
. 00, shall
Sec. 2. That all future advances from the City General
Fund to the Airport Fund shall be considered to be transfers and
not loans.
PASSED AND APPROVED this /S/ day of %22,9,ec.,4 , 1983.
PAYE' `+..
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ATTEST:"
By:
Sa 494
CITY CLERK
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MAYOR