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<br />RESOLUTION NO. 155 <br /> <br />A RESOLUTION AUTHORIZING THE CONSOLIDATION OF THE VARIOUS SEWARD <br />ELEX:TRIC SYSTEM BOND RED}i}!PTION BANK ACCOUNTS INTO ONE BANK ACCOUNT <br />AND THE CONSOLIDATION OF THE VARIOUS SEWARD E~TRIC SlSTEM BOND <br />RIDEMPTION RESERVE BANK ACCOUNTS IN'ID ONE BANK ACCOUNT. <br /> <br />BE IT RESOLVED that all Bond Redemption Funds for the 1950, 1951, <br />1954, 1956 and 1957 Sevard Electric System Bond Issues shall be <br />deposited into the SEWARD PUBLIC UTILITY SINKING FUND CHECKING ACCOUNT <br /> <br />at Sevard Branch, First National Bank of Anchorage, and that 'With- <br />drawals shall be authorized in accordance with Resolution No. 151, and <br /> <br />BE IT FURTHER JUSOLVED that all bond redemption reserve funds for <br />the 1950, 1951, 1954, 1956 and 1957 Seward Electric System Bond <br />Issues shall be deposited into the SEWARD PUBLIC UTILITY SINKING <br />FUND SAVINGS ACCOUNT NO. 2938, at Sevard Branch, First National Bank <br /> <br />of Anchorage, and that withdrawals shall be authorized in accordance <br /> <br />with Resolution No. 151. <br /> <br />An emergency is hereby declAred to exist and the rules governing <br /> <br />the passage of ordinances and resolutions are hereby suspended am <br /> <br />this Resolution is hereby giYen immediate effect upon its passage <br /> <br />and approval. <br /> <br />Atte;s.t: _ . <br />j;,7.J 'C c J <br />'e.-:. (/l.< w../ (. Cc./(( IC...? <br />Beatrice E. Watts, City Clerk <br /> <br /> <br />Passed and approved this 29th day of June <br />