HomeMy WebLinkAboutAuthorizing the Controller of the City of South Bend to invest certain idle funds during the year 1977Attest:
RESOLUTION
NO. 547 -77
Passed by the Common Council of the City of South Bend, Indiana,
Attest:
January 24 19 77
a
City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
January 25 19 77 .
City Clerk
Approved and signed by me S 19 '2% .
Mayor
RESOLUTION NO. � g" c/7 - j
A RESOLUTION AUTHORIZING THE CONTROLLER OF THE CITY
OF SOUTH BEND, INDIANA TO INVEST CERTAIN IDLE FUNDS
DURING THE YEAR 1977 IN ACCORDANCE WITH CHAPTER 9
OF THE 1945 ACTS OF THE GENERAL ASSEMBLY OF THE STATE
OF INDIANA, AS AMENDED.
WHEREAS, there are certain idle funds of the Civil City of
,South Bend which may be invested for periods of time without affecting
the operations of the various Departments of the City; and
WHEREAS, Chapter 9 of the 1945 Acts of the General Assembly
of the State of Indiana enable the Controller to invest such idle funds
with the approval of the Common Council;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of South Bend, Indiana:
SECTION I. That during the calendar year 1977, the Control-
ler invest certain idle funds of the Civil City of South Bend for such
periods of time that he determines are not needed for the normal opera-
tions of the various Departments of the Civil City.
SECTION II. This Resolution shall be in full force and effect
from and after its passage by the Common Council and its approval by the
Mayor.
P -_"' ED / & 'f - 7 )
NOT APPROVED
ADOPTED
Member of the Common Council
no IIa ClER�'S aFFrcE
Irene Gammon
CITY CLERK, SOUTH BEND, iND.
Peter H. Mullen
Director, Administration and
Finance
�' ��O UT/041 F
CITY of SOUTH BEND
LU
PETER J. NEMETH, Mayor z
COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 v
INDIAN
January 19, 1976
Members of the Common Council
4th Floor Council Chambers
County City Building
South Bend, Indiana
Dear Council Members:
219/284 -9742
We are submitting a Resolution for your consideration
at the January 24, 1977 Council Meeting. This Resolution
authorizes the City Controller to transfer idle funds to
protect the cash position of the City of South Bend, and
also to invest other idle funds to gain full use of the
monies.
If there are any questions please contact me.
Cinno I IT