HomeMy WebLinkAbout1980-R-01RESOLUTION NO. 80-R-1
A Resolution Authorizing the Investment of Temporarily
Surplus Funds.
WHEREAS, The Clerk-Treasurer has on hand in certain accounts
more funds than are currently necessary for the immediate use of
such accounts, and
WBBREAS, the Acts of the General Assembly of the State of
Indiana now provide for the temoorary investment of such funds.
IT IS THEREFORE RESOLVED BY THE COM~.~N cOUNCIL of the City of
jeffersonville that the Clerk-Treasurer be, and he hereby is, auth-
orized to invest the following sums from the accounts, and for the
time indicated.
From such accounts the Elerk-Treasurer finds that excess money
at the oresent time woUld be more beneficial to the City of Jefferson-
ville t~ invest in Certificates of Deposit.
The time period for such should be left for the discretion of the
Clerk-Treasurer. Time for such investments would not exceed January !,
1981.
-~ Adopted by the Common Council of the City of jeffersonville, Indiana
this 7th day of January" 1980~ ~
Presented by me as Clefi-Trea~the~t~
ersonville this 7th day of January~
Aporoved and signed by me this 7th day of January, 1~~.