40-372-Order No. 81-347 Recorded 9/16/1981VOL 0 PACE 72
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
An Order Directing the Treasurer ) L E
to Establish a Bancroft Bond )
Redemption Fund. )
{ ( 1981
ORDER NO. 81-347 ROSEMARY pATTEFSOâ–ºq
DESCHUTES COUNTY CLERK
WHEREAS, Deschutes County has authorized the sale of
Bancroft Improvement Bonds; and
WHEREAS, it is necessary to establish a sinking fund solely
for Bancroft Bond Issues; and
WHEREAS, the Deschutes County Treasurer is responsible for
the receipt and disbursement of County funds; now, therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY,
OREGON, ORDERS as follows:
Section 1. That the Deschutes County Treasurer is hereby
directed to establish a sinking fund to be known as the Bancroft
Bond Redemption Fund, wherein the Treasurer shall account for any
funds accruing by virtue of the Bancroft Bonding Act, and wherefrom
all interest and principal due on improvement bonds shall be paid.
Section 2. That the Treasurer is authorized and directed
to invest the amount placed in the Bancroft Bond Redemption Fund
from time to time in accordance with ORS 294.035 or 294.085 to
294. 895.
DATED this 1 day of 1981.
BOARD OF COUNTY COMMISSIONERS
OF DESJCHUTES COUNTY, EGON
ROBERT C. AULSON, JR., Chai.rma
ALBERT A. YO , lCo ssioner
6-~
CLAY C. SHEPARD, Commissioner
ATTEST :
SUSAN STONEMAN
Recording Secretary
ORDER NO. 81-347, PAGE 1