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HomeMy WebLinkAbout2015-R-1RESOLUTION NO. 2015 -R- A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE AUTHORIZING THE INVESTMENT OF PUBLIC FUNCIS PURSUANT TO IC 5-13-9-5 WHEREAS, The City of Jeffersonville (the "City") desires pursuant to IC 5-13-9-5 to allow banks outside the political subdivision to submit quotes on public funds certificates of deposit for the purpose of investing its operating and utility funds; NOW, THEREFORE, BE IT ORUAINEID, by the Common Council for the City of Jeffersonville, Clark County, Indiana, hereby authorizes the investing officer of the City to invest in certificates of deposit of depositories that have not been designated by the Local Board of Finance but have been by the State Board of Finance as a deposit for state deposits under IC 5-13-9.5. This authorization expires two (2) years after the adoption date. SECTION TWO This resolution shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. Voted Against: PASSED AND ADOPTED by the Common Council of the City of Jeffersonville, Clark County, Indiana upon this day ofd -110 , 201S /2 Lisa Gill, President Jeffersonville Common Council Vicki Conlin, Clerk City of Jeffersonville PRESENTED by me to the Mayor of the City of Jeffersonville, Clark County, Indiana upon thisa 8' day of , 204" Vicki Conlin, Clerk City of Jeffersonville 0 � SIGNED and APPROVED by me upon this a/ day of , 2011 Mike Moore City of Jeffer Mayor nville