O-759-92 09/14/92ITEM VI.C.3
VILLAGE OF LEMONT
ORDINANCE NO. 75
ORDINANCE AUTHORIZING TRANSFER FROM WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
is
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village
of Lemont, Cook County, Illinois,
this 10th day of September, 1992.
1992.
ORDINANCE NO.
751
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund pursuant
to the Illinois Revised Statutes, Chapter 24, Section 8 -7 -1, and;
WHEREAS, in order to provide money with which to meet ordinary and necessary
disbursements for salaries and other general purposes, Working Cash Funds may be
transferred in anticipation of taxes, and;
WHEREAS, the Village of Lemont lacks sufficient funds to pay interest on an
Installment Purchase Contract for the Village Hall due to a discrepancy in the bond
payment schedule.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, AS FOLLOWS:
The Village Treasurer is hereby authorized to withdraw THIRTY THOUSAND AND
NINETY DOLLARS ($30,090.00) from the Working Cash Fund and transfer said amount
to the Village Hall Improvement Fund to pay interest on said Installment Purchase
Contract. Upon receipt of all next available tax distributions, the Village Treasurer shall
immediately reimburse the Working Cash Fund until the full amount so transferred has
been retransferred to the fund.
All ordinances or parts of ordinances in conflict herewith shall be and the same are
hereby repealed.
The Village Clerk of the Village of Lemont shall certify to the adoption of this
Ordinance and cause the same to be published in pamphlet form.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT, COUNTY OF COOK, ILLINOIS, on this
Kenneth S. Bromberek
Barbara Buschman
Bert Ercoli
Richard A. Kwasneski
William Margalus
Ralph Schobert
Approved by me this ,/ day of
Attest:
CHARLENE SMOLLEN, Village Clerk
B: \ORDINANC \WORKING.CAS
day of
AYES NAYS PASSED A1i4+Nf
vy
td
SMOLL ENE SMOLL , Village Clerk
1992.
RZLEY, /lla 1J President