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RESOLUTION NO. 261-71 <br /> A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER <br /> OF IDLE FUNDS TO THE GENERAL FUND OF THE CIVIL <br /> CITY OF SOUTH BEND, INDIANA <br /> WHEREAS, a necessity exists to provide funds for the <br /> General Fund of the City of South Bend , prior to the receipt of <br /> taxes in the year 1971 , in order to meet the current running <br /> expenses of the City, provided for in the budget and appropriations <br /> adopted for the year 1971, which expenses must be met prior to <br /> the receipt of taxes in the year 1971, and <br /> WHEREAS, there are monies on deposit to the credit of <br /> various funds of the City, to wit: Track Elevation Fund, Cumu- <br /> lative Sewer Building & Sinking Fund, Water Works Depreciation <br /> Fund, Main Extension Fund, Sewage Works Depreciation Fund and <br /> Sewage Works Improvement Fund, which can be temporarily ad- <br /> vanced or transferred to such General Fund, and <br /> WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana <br /> General Assembly authorizes the Common Council of the Civil City <br /> of South Bend by Resolution adopted by such Common Council, to <br /> advance and transfer to a depleted fund from any other such fund, <br /> such amount and for such period of time as may be prescribed in <br /> the Resolution, <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF <br /> THE CITY OF SOUTH BEND, INDIANA: <br /> SECTION I . That the City Controller of the City of <br /> South Bend is authorized to transfer an aggregate amount not to <br /> exceed $1 , 000, 000 to the General Fund of the City from various <br /> funds of the City, to wit: The Track Elevation Fund, Cumulative <br /> Sewer Building & Sinking Fund, Water Works Depreciation Fund, <br /> Main Extension Fund, Sewage Works Depreciation Fund and Sewage <br /> Works Improvement Fund . <br /> SECTION II . Such transfer shall be made for a period not <br /> to extend beyond December 31, 1971, and such funds so transferred <br /> shall be returned and repaid to the original fund from which it <br /> was transferred . <br /> s <br /> `"Member of the Common Council <br /> Id A 2nd READING 2-8-71 FILED IN CLERK'S OFFICE <br /> COMMITTEE OF THE WHOLE <br /> PUBLIC HEARING 2-8-71 JAN 21 1971 <br /> 3rd READING <br /> NOT APPROVED <br /> REFERRED KATHRYN L. BLOUGH <br /> PASSED 2-8-71 CITY CLERK, SOUTH BLND, IND, <br />