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Resolution - 49—0— 0 AEB01,UTI?QN M06 .RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA APPROVING MWORANDUM OF AGREnDaIT FOR ACCUMULATION OF 1/4 CENT GAS TAX ALLOCATED FOR STREET-5 OF1WOR IMPORTANCE WHEREAS, a memorandum of agreement has-been presented to be entered Into with,the 5tate, of Qalifornla for adeu- mulation of the 1/4 cent gas tax for the fiscal year 1940 allocat-ed for streets of major importance other than State highways in the City of West Covina; and WHEREAS, the City Council has heard read said agree- ment In full and is familiar with the contents thereof; THEREFORE, be it resolved by the City Council of the City of West Covina, that,. under the provisions of Section 200 of the Streets and Highways Code, the 1/4 cent gas tax allocated for atreets of -major importance other than State highways be accumulated for future expenditure, and that said agreement be and the:b6me is hereby approved, and the Mayor and the City Clerk are directed to sign the seine on behalf of said City, .said agreement to be binding upon the City upon Its execution by the authorized offi- cials of the State. ADOPTED thJ:s 7-r4e day of 1940. Mayor of the City of West Covin7 At tu est CITY C1677—of the City of mast Covina I hereby certify t-hat the foregoing res.olutioii was . duly and regularly passed by the City Council o-f tAe City of West Covina at a regular meeting thereof held 4111A.1 7 19140. &-; "' 11 Clerk of the City of Wet>� uowing