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RESOLUTION NO. 1391 <br />WHEREAS, the City of Paris has fully paid both principal <br />and interest on each of the following bond issues: <br />1. Refunding Bond, Series 1927 <br />2. Waterworks Bond, Series 1939 <br />3. Street Improvement Bonds, Series 1937 <br />4. Street Improvement Bonds, Series 1938 <br />5. Street Improvement Bonds, Series 1939 <br />6. Time Warrants, Series 1967; and <br />WHEREAS, a Sinking Fund Account had been established for <br />each of said series for which there is no longer any necessity <br />for said accounts to be maintained; and <br />WHEREAS, it would be to the best interest of the City of <br />Paris that the Director of Finance be authorized and directed <br />to transfer the balance of each of said sinking funds to the <br />Current Fund; NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, That the Director of Finance. H. C. Greene, <br />be, and he is hereby authorized and directed to transfer <br />from the following Sinking Fund Accounts: <br />l. Refunding Bond, Series 1927, Sinking Fund <br />2. Waterworks Bond, Series 1939, Sinking Fund <br />3. Street Improvement Bonds, Series 1937, Sinlcing Fund <br />4. Street Improvement Bonds, Series 1938, Sinking Fund <br />5. Street Improvement Bonds, Series 1939, Sinking Fund <br />6. Time Warrants, Series 1967, Sinking Fund, <br />to the Current Fund. <br />Passed and adopted this 14th day of December, 1970. <br />. ~ <br />~ <br />ATTEST: B. M. Felty, Mayor <br />. L <br /> <br />H. C. Greene, City Clerk <br />APPROVED AS TO FORM: <br />T. K. Haynes, City Attorney <br />