HomeMy WebLinkAbout2024-R-1 Resolution Authorizing the Investments of Public Funds Pursuatn to IC 5-13-9-5 as -0- !
RESOLUTION NO. I
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE
AUTHORIZING THE INVESTMENT OF PUBLIC FUNDS
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, pursuant to IC 5-13-9-5, the board 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 designated by the state board of finance as a depository for state deposits under IC 5-13-9.5.
This authorization expires one(1)year after the adoption date.
The foregoing was passed by the Common Council of the City of Jeffersonville this day of January,
2024.
COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE
V• ED FOi/ VOTED AGAINST:
A
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_. • 4/404
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,44, T. 6)LI.
2024-R- f
Passed ard adopted by the Common Council of the City of Jeffersonville, Clark County, Indiana,
this ' . ` day of January, 2024.
fitc,a,t, 0J'4
Dustin White, President and
Presiding Officer
ATTEST:
Lisa Gill, Clerk
Presented by me as Clerk to the Mayor of said City of Jeffersonville this day of
January, 2024.
Lisa Gill, Clerk
This Ordinance approved and signed by me this day of Jj nuary, 2024.
Mike Moor-, Mayor