HomeMy WebLinkAbout1973-R-16RESOLUTION NO. 16
A Resolution Authorizing the Investment of
Temporarily Surplus Funds.
WHEREAS, the Clerk-Treasurer has on hand in certain
accounts more funds than at. 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 b~, and he
hereby is, authorized to invest the following sums from the
accounts, and for the time indicated.
From such accounts the Clerk-Treasurer feels 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, 1974.
Adopted by the Common Council of the City of Jeffersonville
Indiana, this 4th day of September, 1973.
Presented by me as
City of Jeffersonville this
Clerk Treasurer to the Mayor of the
4th day of September, 1973. ~
Approved and
signed by me this 4d~y%of Septemberf1973.