O-874-94 11/28/94VILLAGE OF LEMONT
ORDINANCE NO. 7 I
AN ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This W` day of 1994.
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Coo � and
DuPage, linois, this _s� Will, _
day of 1994
ORDINANCE
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund pursuant
to 65 ILCS Section 5/8 -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 make the bond and
interest payment for the General Obligation Bond, Series 1993, due to uncollected taxes.
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 TEN THOUSAND
DOLLARS ($10,000.00) from the Working Cash Fund and transfer said amount to the
Village Hall Improvement Fund to pay the bond and interest payment. 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hereby repealed.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, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS
ON THIS ASitk day of -e/L- , 1994.
Barbara Buschman
Alice Chin
Keith Latz
Connie Markiewicz
Richard Rimbo
Ralph Schobert
AYES NAYS PASSED ABSENT
v
CHARLENE M. SMOLLEN, Village Clerk
Approved by me this aka-day day of Z41'ir ki ,ii/- cwt. -r , 1994.
WAILVor
' 1 1Wr AS.NESKI, Village President
Attest: