HomeMy WebLinkAbout1987-OR-62ANCE NO. 87-
ORDINANCE TO E~TABLISH CUMULATIVE'CAPITAL
wi~HiN THE CITY OF ~EFFBRSO~VlLLB
'FUND
WHEREAs, Public Law 44-19 allows
establish a
municipal Cumulative Cap?al Development Fund
WHEREAS, the
necessary and PrUdent for the financial
· ' NOW, THEREFORE 'BE IT 'ORDAII
City of Jeffersonville as follows:
SECTION
That there is hereby established
that suc~" a
of the municipality;
is
Council of the
a. Jeffersonville CumUlative Capital
Development Fund.
SECTION 2
That an
tax levy will be imposed and the
revenues from that levy will be
. Capital Development Fund. ~
SECTION
T, hat the maximum ~ Of levy
a. $.04 per $100 Assessed Vah/ation for 1988
exceed:
$i00 AsSesSed
per
That the funds
1989
I in the Jeffersonville Cumulative Capital
Development Fund will
in
Indiana Code, Section 86-9-15.1
Notwithstanding
Cumulative Capital Develo
the purposes stated:
health, welfare, or safety in
action. Money may be
Mayor andior Common Counc[
Welfare, or safety is in imme~
money in the fund.
This fund takes effect
accumulated in the Jeffersonville
other that
this section only after the
health,
uirei the expenditure of
approval of
Commissioners.
day o~
, 198'I
ATTEST:
CLERKAND
me as 'Clerk and Treasurer ~o the Mayor of said
day of
This Ordinance apl~
DALE L. OREM
MAYOR