There is hereby created a Payroll Fund of the City of Mountlake Terrace for the purpose of consolidating those portions of other funds of the City use and budgeted for payroll purposes.
(Ord. 175 § 1, 1960)
The City Treasurer is hereby authorized to transfer into the aforesaid Payroll Fund all sums budgeted for payroll purposes from other funds and to make payroll disbursements upon a single voucher drawn against said Payroll Fund.
(Ord. 175 § 2, 1960)