HomeMy WebLinkAbout1999-OR-78ORDINANCE NO. 99-OR- qz~
AN ORDINANCE AUTHORIZING THE CITY OF
JEFFERSONVIL!-F, LOCAL ROADS AND STREETS FUND TO
BORROW FUNDS FROM THE CITY OF JEFFERSONVILLE
SEWAGE FUND
Whereas, it has become necessary for the City of Jeffersonville
Local Roads and Streets Fund to borrow money from the City of
Jeffersonville Sewage Fund;
Whereas, Indiana Code 36-1-8-4 authorizes temporary loans from
municipal utilities;
Whereas, there is now within the Sewage Fund sufficient moneys to
allow this loan.
Now, Therefore, Be It Ordained by the Common Council of the City
of Jeffersonville, Indiana, that the temporary loan be approved. The Board
of Public Works and Safety must approve the amount and the date of the
transfer.
This Ordinance shall be in full force and effect from and after its
passage and approval.
Passed this /~ day of December, 1~/~ ~~~
Thomas R. Galli,an ~/~.~p~
Presiding Officer ~/ '
ATTEST:
~'~'~h' r~ ~'~ Richard .F~
C. Spe,,~ ,
Clerk and Treasurer
Presented by me as Clerk and Treasurer to the Mayor of the City of
Jeffersonville, Indiana, this /3'a? day of .7~rz~bmZ~g) -, 1999.
This Ordinance approved and signed by me this
Q~?>~ g¢?~ ,1999.
day of
Mayor