HomeMy WebLinkAbout1977-R-01RESOLUTION NO. 77-R-1
A Resolution Authorizing the Investment of Tempor-
arily 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, 1978.
Adopted by the Common Council of the City of Jeffersonville
Indiana this 3rd day of January, 1977., /~
Presented by me as Clerk-Treasurer to the Mayor of the
City of Jeffersonville this 3rd day of January, 1977.
Approved and signed by me this 3rd day of JanuS,, 1977.