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3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />Such Funds are necessary and required toxeceive the, various revenues .accru- <br />ing to the,City. Expenditure of these revenues are for the purposes set forth. <br />in said Resolutions. <br />a) Public Building Construction Fund established by Resolution <br />Noj. 2059, dated March 29, 196u,,,; <br />1) Sinking FundAccount, 1960 Reserve - for retirement of <br />principal and interest of Certificate issued for construction <br />of'certain Municipal Buildings,. <br />b) WaterFund - established by Resolution No 1835, dated <br />September 18. 1956* <br />1), Bond Service Reserve -Zor retirement of principal and <br />interest of Waterworks Revenue Bonds, 1957* <br />2) Water Reserve - provided for the initial reserve equal to <br />the maximum annual retirement of principal and interest <br />during the term of the Bond issue.. <br />3) Construction Fund Reserve .- provided for the receipt of -.— <br />monies from the sale of the Bonds,, to be used:ror purposes <br />of the - Bond issue. <br />c), Electric Light Fund - e stablished by "unnum, bjbxed Resdlflti)oa�, <br />d4te:dMay,,Z3�- j_896.,pXirs�irantt,4 -d fi, d <br />2, , Qr7,d�nai-icbL-.-�No---'.125,.,:-'-S i -f- n <br />shall ber.o�i.naftex:--bt,--kn.own:-.asethie--...E,-lectric Fund. <br />Funds Established in Accordance with Certain Laws of the <br />State of California., <br />a) Retirement Fund - established in accordance with the provisions <br />or Section 20532 or the. Govern e nt Code, <br />bTraffic Safety - established in accordance with the provisions <br />of Section 1463 of thePenal Code*, <br />SECTION 4. Capital Improvement Fund - There is hereby created <br />a special Fund to be: known as the "Capital Improvement Fund",,, All revenue <br />received by this Fund will be in compliance with the instructions andfor <br />approval of the City Council fox purposes of capital h-nprovements so stated <br />by the City Council at the time ol'such instructions andfor approval of the <br />IM <br />