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Ordinance 1986-04 ORDINANCE NUMBER 1986- RESOLUTION CREATING A WATER TOWER CONSTRUCTION FUND ACCOUNT BE IT ORDAINED BY THE CITY COUNCIL OF TIM UNITED CITY OF THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS AS FOLLOWS: SECTION I INTRODUCTORY STATEMENT That the City Council deems that in its best interest and required pursuant to the terms of grant for the construction of a water tower and related improvements within The United City of the Village of Yorkville to create a special account which said account shall be designated as the Water Tower Construction Account upon the following terms and conditions. SECTION II WATER TOWER CONSTRUCTION ACCOUNT A Water Tower Construction Account shall hereby be established pur- suant to the terms of this Resolution, providing that all moneys received from any source for the construction of a water tower and related improve- ments in the United City of the Village of Yorkville shall be placed into said account and all disbursements made out of the same account. SECTION III AUTHORIZED SIGNATORIES All persons currently authorized by resolution or ordinance to draw checks on city accounts shall be allowed to draw checks and make deposits on this account. PASSED this i day of 1986. ROBERT E. DAVIDSON, JR. M .#br APPROVED this day of &a, C 1986. CITY,/CLERK -2-