02-26-62 Council Meeting Minutes

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REGULAR MEETING will be approximately $2,265,174.00. Dated this 24 day of February, 1962. /s/ Edwin L. Davies City Controller FEBRUARY 26, 1962 ,. Councilman Lehman made a motion that the communication be accepted and placed on file. Councilman Muszynski secondec the motion. Motion carried. ORDINANCE NO. 4442 - - -62 AN ORDINANCE OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAKING OF A TEMPORARY LOAN FOR THE GENERAL FUND AND THE ISSUANCE AND SALE OF WARRANTS OF THE CITY FOR SUCH PURPOSE. The Ordinance was given first reading by title and second reading in full. Councilman Muszynski made a motion for suspension of rules. Councilman Lehman seconded the motion. Motion carried by a roll call vote of 9 ayes and 0 nays The Ordinance was then given third reading and passed by a roll call vote of 9 ayes and 0 nays. RESOLUTION A Resolution relative to proposed Housing Sites, continued from the January 26th meeting, was to have been acted upon at. this meeting, but upon motion of Councilman Lehman, seconded by Councilman Allen, was set over until the next Special or Regular Meeting of the Council. RESOLUTION NO. 4 RESOLUTION TO TRANSFER $180,000.00 FROM THE GENERAL SINKING FUND OF THE CIVIL CITY OF SOUTH BEND TO THE GENERAL FUND OF THE CIVIL CITY OF SOUTH BEND WHEREAS, by authority of Chapter 71 of the Acts of 1961, of the General Assembly of the State of Indiana, also found in Burns Indiana Statutes 61 -1207 and 61 -1208, the Common Council of the City of South Bend has the authority to transfer monies from one fund having a sufficient balance to another fund which is depleted; and WHEREAS, the General Sinking Fund of the Civil City of South Bend has a sufficient balance and the General Fund of the Civil City of South Bend is depleted; and WHEREAS, monies have not been delivered by the St. Joseph County Treasurer and the St. Joseph County Auditor to the Civil City of South Bend from the 1961 taxes payable in 1962; and WHEREAS, funds are necessary for the City to operate its business, pay its obligations due and owing; and WHEREAS,.sufficient monies will be available from the St. Joseph County Treasurer and Auditor to pay to the City, monies due and owing to and by virtue of taxes to be derived from personal and real property; and WHEREAS, said monies are anticipated to be received on or before the 15th day of June, 1962, NOW, THEREFORE, BE IT RESOLVED, that the Controller of the City of South Bend, be authorized to transfer the sum of $160,000.00 out of the General Sinking Fund of the Civil City of South Bend, to the General Fund of the Civil City of South Bend and that said transfer be a temporary transfer and that said repayment from the General Fund to the General Sinking Fund be effected on or before the 15th day of June, 1962, and BE IT FURTHER RESOLVED, that the Controller issue a warrant and receipt for the amount of said transfer, and that said warrant shall be endorsed and deposited in the depository account designated for said General Fund, and BE IT FURTHER RESOLVED, that no appropriation shall be required for the said transfer, and said repayment, and that no interest shall be charged on said temporary transfer. /s/ Joseph T. Kroll /s/ T. W. Lehman /s/ Paul E. Krueper, Jr. /s/ Eugene Ladewski /s/ Harold L. Coleman /s/ J. Chester Allen /s/ Chester Muszynski /s/ Albert E. Tellson /s/ Walter G. Glass Resolution adopted by a roll call vote of 9 ayes, 0 nays. There being no further business to come before the Regular Meeting of the Council, Councilman Muszynski made a motion to adjourn. Councilman Coleman seconded the motion. Motion carried and the Regular Meeting of the Common Council adjourned at 9:57 P.M. ATTEST: �r f CLERK APPROVED: IDENT