40-784-Order No. 81-361 Recorded 10/30/198140L 40 PAu "18 -
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
An Order Directing the Treasurer ) 1
to Establish the Series 1981 )
Bancroft Fund. )
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ORDER NO. 81-361 RosfA4,4R.y
PESCHUTfS PATT~RSON
,COUNTY CLERK
WHEREAS, Deschutes County has sold ONE MILLION SIX HUNDRED
THIRTY-FIVE THOUSAND AND NO1100 DOLLARS ($1,635,000.00) of General
Obligation Bancroft Improvement Bonds; and
WHEREAS, it is necessary to establish a fund for the
expenditure of that amount and account for interest attributable to
the Bond Sale; and
WHEREAS, the Deschutes County Treasurer is responsible for
the receipt and disbursement of said 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 fund to be known as the Series 1981 Bancroft
Fund, wherein the Treasurer shall account for the proceeds of the
Series 1981 General Obligation Bancroft Improvement Bonds, and
interest; and wherefrom all interest and disbursement shall be
accounted for.
Section 2. That the Treasurer may account for prepaid and
unbonded obligations arising from local improvement districts
guaranteeing the said bond sale in said fund.
Section 3. That the Treasurer is authorized and directed
to invest the amount placed in the Series 1981 Bancroft Fund from
time to time, in accordance with law.
DATED this e2 d day of ~C2R9 6 400*0 1981.
ATTEST:
SIUSAN STONEMAN
BOARD OF COUNTY COMMISSIONERS