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Transferring $140000 from the General Fund of the Civil City of South Bend to the General Sinking Fund of the Civil City of South Bend
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Transferring $140000 from the General Fund of the Civil City of South Bend to the General Sinking Fund of the Civil City of South Bend
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5/19/2017 4:11:39 PM
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5/19/2017 4:11:38 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/28/1962
Ord-Res Number
9-62
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• s <br /> RESOLUTION N0, 9 <br /> RESOLUTION TO TRANSFER $140, 000. 00 FROM <br /> THE GENERAL FUND OF THE CIVIL CITY OF <br /> SOUTH BEND TO THE GENERAL SINKING FUND <br /> OF THE CIVIL CITY OF SOUTH BEND <br /> WHEREAS, by authority of Chapter 71 of the Acts of 1961, of the <br /> General Assembly of the State of Indiana, also found in Burns Indiana <br /> Statutes 61-1207 and 61-1 208, the Common Council of the City of South <br /> Bend has the authority to transfer monies from one fund having a sufficient <br /> balance to another fund which is depleted; and <br /> WHEREAS, the General Fund of the Civil City of South Bend has a <br /> sufficient balance and the General Sinking Fund of the Civil City of South <br /> Bend is depleted; and <br /> WHEREAS, monies have not been delivered by the St. Joseph County <br /> Treasurer and the St. Joseph County Auditor to the Civil City of South Bend <br /> from the 1961 taxes payable in 1962; and <br /> WHEREAS, funds are necessary for the City to operate its business, <br /> pay its obligations due and owing; and <br /> WHEREAS, sufficient monies will be available from the St. Joseph <br /> County Treasurer and Auditor to pay to the City monies due and owing to <br /> and by virtue of taxes to be derived from personal and real property; and <br /> WHEREAS, said monies are anticipated to be received on or before <br /> the 15th day of June, 1962, <br /> NOW, THEREFORE, BE IT RESOLVED, that the Controller <br /> of the City of South Bend, be authorized to temporarily trans- <br /> fer the sum of $140, 000. 00 out of the General Fund of the <br /> Civil City of South Bend, to the General Sinking Fund of the <br /> Civil City of South Bend, and that said repayment from the <br /> General Sinking Fund to the General Fund be effected on or <br /> before the 15th day of June, 1962, and <br />
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