O-86-10 Ord. Transfer from Working CashVILLAGE OF LEMONY
ORDINANCE NO. ~ °-~'~ ~~
AN ORDINANCE
AUTHORIZING TRANSFER FROM WORHING CASH FUND
ADOPTED BY THE
PRESIDENT AND THE BOARD OF TRUSTEES
OF THE VILLAGE OF LE ONT
THIS 'DAY OF 10
Published in pamphlet form by
Authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Cook, Will and
DuPage, Illinois, this v day of ~~ , 2010.
ORDINANCE
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund pursuant to the
Illinois Municipal Code (65 ILCS 5/8-7-1 et seq.); and,
WHEREAS, in order to provide money with which to meet general and special corporate,
Working Cash Funds may be transferred in anticipation of receipt of property taxes; and,
WHEREAS, it has been determined that there are funds within the Working Cash Fund
available for this purpose.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF LEMONY, AS FOLLOWS:
SECTION 1: The Village Treasurer is hereby authorized and directed to withdraw up to
Seven Hundred Thousand Dollars ($700,000) from the Working Cash Fund and transfer said amount
to the General Corporate Fund. The Working Cash Fund will be refunded with first dollars received
from property taxes upon disbursement from the County Collector
SECTION Z: That the Village Clerk of the Village of Lemont be and is directed hereby to
publish this Ordinance in pamphlet form, pursuant to the Statutes of the State of Illinois, made and
provided.
SECTION 3: Should any Section or provision of this Ordinance be declared by a Court of
competent jurisdiction to be invalid, such decision shall not affect the validity of the Ordinance as a
whole or any part thereof other than the part declared to be invalid.
SECTION 4: This ordinance shall be in full force and effect from and after its passage,
approval and publication as provided by law.
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PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONY, COUNTIES OF COOK, WILL, AND DUPAGE,
LLINOIS, on this ~ day of ~loJuwti , 2010.
PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS: ABSENT: ABSTAIN
Debby Blatzer
Paul Chialdikas
Clifford Miklos /
Ron Stapleton ,j :..
Rick Sniegowski ,/..
Jeanette Virgilio -~-
.~~-`
BRIAN K. REAVES
President
ATTEST:
~{ CHARLENE M. SMOLLEN
Village Clerk