Laserfiche WebLink
I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Subdivision 5, Inter. Fund Loans. Inter-fund loans are transfers from one fund to <br />another with the intentions of repayment of principal or principal and interest. All inter- <br />fund loans shall be approved by City Council resolution. Such resolution shall state the <br />amount of the inter-fund loans, the interest rate, where applicable, and the repayment <br />period. <br /> <br />Subdivision 6. Fund Abolishment. No Fund created by this chapter may be <br />abolished except by properly enacted Ordinance or as detailed in Chapter 7 of the City <br />Charter. <br /> <br />Section 2. ~ <br /> <br />The following is the official summary of Ordinance 93- ., which has been approved by the <br />City Council of the City of Ramsey as clearly informing the public of the intent and effect of the <br />Ordinance. <br /> <br />The Ordinance repeals the existing City Code Section 3.40 and replaces it with a new Section 3.40. <br />Section 3.40 is a section required by the City Charter. This section establishes the various City <br />Funds used for the deposit and disbursement of City monies. This section further defines the <br />policies of each Fund and how it is to be administered. <br /> <br />Section 3. EFFEt~TIVE DAT]g <br /> <br />This ordinance becomes effective upon thirty (30) days after its passage and publication subject to <br />City Charter, Chapter 5.7. <br /> <br />PASSED by the City Council the <br /> <br />.day of ,1993. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Administrator/Clerk <br /> <br />Introduction Date: <br /> <br />Posting Dates: <br /> <br />Adoption Dates: <br /> <br />Publication Date: <br /> <br />Effective Date: <br /> <br />Page 10 of 10 <br /> <br /> <br />