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NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: <br />SECTION I. That during the calendar year 1980, the Controller or his representative <br />invest certain idle funds of the Civil CIty of South Bend for such periods of time that <br />he determines are not needed for the normal operations of the various departments of Civil <br />City. <br />SECTION II. This Resolution shall be in full force and effect from and after its <br />passage by the Common Council and its approval by the Mayor. <br />/s /Beverlie J. Beck <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Mr. Joseph Kernan, City Controller <br />indicated that this resolution should be amended by changing the year from 1979 to 1980. He <br />indicated this resolution would allow his office to invest idle funds, which have become <br />increasingly important as a source of additional revenue for the City. Council Member Taylor <br />made a motion to amend the resolution in Section I by changing the year from 1979 to 1980, <br />seconded by Council Member Serge. The motion carried. Council Member Serge made a motion <br />to adopt this resolution, seconded by Council Member Szymkowiak. The resolution was adopted <br />by a roll call vote of nine ayes. <br />NEW BUSINESS <br />Mayor Parent congratulated the new officers of the Council. <br />Council President McGann announced that Kathleen Cekanski- Farrand has been retained as the <br />Council Attorney. <br />The Reverend Bishop Crowley gave the benediction. <br />There being no further business to come before the Council, unfinished or new, Council Member <br />Taylor made a motion to adjourn, seconded by Council Member Dombrowski. The motion carried <br />and the meeting was adjourned at 7:45 p.m. <br />ATTEST: APPR ED: <br />i <br />CITY CLERK PRESIDENT <br />0 <br />