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HomeMy WebLinkAbout1978-R-01RESOLUTION NO. 78-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 WHEREAS, the Acts of the General Assembly of the State of Indiana now provide for the temporary investment of such funds. IT IS THEREFORE RESOLVED BY THE COMMON COUNCIL of the City of Jeffersonville that the Clerk-Treasurer be, and he hereby is, authorized to invest the following sums from the accounts, and for the time indicated. From such accounts the Clerk-Treasurer finds that excess money at the present time would be more beneficial to the City of Jeffersonville to 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 1, 1979. Adopted by the Common Council of the City of Jeffersonville Indiana this 3rd day of January, 1978. Presented by me as Clerk-T~easurer to the Mayor of the City of Jeffersonville this 3rd Day of January, 1978. ~ Approved and signed by me this 3rd day of January, 1978.