HomeMy WebLinkAboutTransferring $160000 from the General Sinking Fund of the Civil City of South Bend to the General Fund of the Civil City of South Bend RESOLUTION
NUMBER 4-62
Passed by the Common Council of the City of South Bend, Indiana,
FEBRUARY 26, 1962
Attest: i�s`���m..i City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
FEBRUARY 27 1962
ke-� City Clerk
Approved and signed by me FEBRUARY 27, 19 62
Mayor
RESOLUTION NO.
RESOLUTION TO TRANSFER $160, 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 -Jung, 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 re-
payment from the General Fund to the General Sinking Fund be
effected on or before the 15th day of ;fuga, 1962, and
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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.
a � d CLERK'S OFFIL
FEB 23 1962
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