HomeMy WebLinkAbout1970-R-05RESOLUTION NO. 70-~- ~'
A Resolution Transferring Certain Funds in Lieu
of Borrowing on Time Warrant.
WHEREAS, the City is ~n need of funds to meet current obli-
gations and
WHEREAS, amplec funds will be available when the County
Treasurer makes settlement from the spring recelpt of taxes and
WHEREAS, the City has on hand more than a sufficient amount
in the Parking Meter Fund in order that $50,000.Q0 may be temporarily
transferred from such fund to the General Fund of such city in
order to save the City the costs of borrowing such sum on a time
warrant until tax settlement and
WHEREAS, an emergency exists for the transfer of the sum of
$50,000.00,
BE IT THEREFORE RESOLVED BY THE COMMON COUNCIL OF THE CITY
OF JEFFERSONVILLE, INDIANA, that the sum of $50,000.00 is hereby
transferred temporarily from the Parking Meter Fund of the City
of Jeffersonville to the General Fund of such City to be replaced
in such Parking Meter Fund after the receipt b~ the Clerk Treasurer
of the sums to the city from the County Treasurer from the Spring
installment of taxes.
Adopted by the Common Council of the City of Jeffersonville,
Indiana, this 6th day of April, 1970.
Presented by me as Clerk Treasurer to the Mayor of the City
of Jeffersonville this 6hh day of April, 1970.
CLER~/TRE~SURER
Approved and signed by me this 6th day of ~pril, 1970.
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