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HomeMy WebLinkAboutOrdinance No. 0047IjCIiYOFMEDINAABORDIBMCEriatingtothe1957budgetlinandscreatingasuspensfundWHERKSanappropriationforredeemingintoteetbearingwarrantsauthorizedinthe1956budgetwillnotbeexpendedbecausenosuchinterestbearingwarrantsweresuthorlzedandWHETSbyatransferinthebudgetpoliceprSteotionmoreparticularlytMtprovidedonthewatersandwaterfrontwithintheJurisdictionofeCitycanbesubststlallyimprovedbyequiplagaboatwithanoutboardmotorandequipmentincidentaltheretosuchthatitistothebestinterestoftheCityofNedinnthatsuchatransferbemdeandWtEEASthebusinessofeCitycanbefacilitatedbythecreationofasuspenseaccountforthereceiptddisbursementofdepositsgiventoassurecompliancewiththeCitysorSinanoesan8elikenowtreforemakingtransfersthereA6testCityClerkTHECITYCOUNCILOFTHECITYOFiEDINADOORDAINASFOLLOWSsection1TansferbetweenclassesTheappropriationforinterestanddebtredemptioninthecurrefitexpensefundisdecreased400beingantiipatedbutunrealizedcarryeverofindebtednessfromthe19gbudgetTheappropriationforpoliceequipmentetcanitemofcapitaloutlayinthecurrentexpensefundisincroasedbythesameamounttowitSection2SuspenseFundcreatedThereisherebycreatedaspecialfundoftheCitytoeEnownastheSuspenseFUndSuchfundshallbeusedforthereceiptofunanticipatedrevenueandothermonieswlfichtheordinancesofMedianrequiretobeheldasdepositsforreturninwholeorinpartupontliedepositorscompliancewithfurtXerprovisionsoftheCitysordinancesjlSection3CodeEerenceSection2hereofshallconitutesStion22004feNedinaCodeandallotherecttonsheeSfchilioieredoftemporaryorsDecteleffectecijEfetiveDateThisordinancesltakeffect0fitile5hyofApril1957PASSEDbyatleastonemorethanamajorityoftheCityCocilOnthe8thday0fApril1957andsignedinauthenticationofsuchpassagetheSamedayWiiltEParkMayorApprovedastoformj