HomeMy WebLinkAboutRes 07-45 07/26/1945 RESOLUTION N. T-45
AUTHORIZING TRANSFER OF SPECIAL ASSESSMENT
SURPLUS CASH TO GENERAL CORPORATE FUNDS
WHEREAS, all of the outstanding vouchers, bonds and coupons have
been paid and cancelled in Mount Prospect Special Assessment Warrant
No. 15; and
WHEREAS, it appears from the records and audits of the Village
that the sum of, to -wit, $6,443.47 was paid on outstanding bonds for '
which no moneys had been collected in said Special Assessment Warrant
No. 15 at the time of payment; and
WHEREAS, it appears that the aforesaid sum of $6,443.4? was
paid out on funds belonging to other warrants; and
WHEREAS, there is now on hand a surplus cash fund in said
Special Assessment Warrant No. 15 in the sum of $4,222.64; and
WHEREAS, judgments have been rendered against the Village of
Mount Prospect in favor of bondholders having bonds payable out of
other warrants for the diversion of such funds,
NOW, THEREFORE, BE IT RESOLVED by the President and Board of
Trustees of the Village of Mount Prospect, that the Village Treasurer
be and he is hereby authorized to transfer from the aforesaid surplus
cash in Special Assessment Warrant No. 15 the sum of x$1,624.05 to the
corporate funds of the Village; and
BE IT FURTHER RESOLVED that the said Village Treasurer be and
he is hereby authorized to use said funds or so much thereof as shall
be necessary to pay judgments entered against the Village of Mount
Prospect for the diversion of special assessment funds.
Adopted this Z day of July, A. D. 1945.
RECORDING VOTES
Alta Nays
Russell Hartwig None
Theodore Lams
Wm. T. Mott
Fred E. Welsh
ABSENT
Walter Kirchhoff ..r...� James Wax
Approved this 26th day of July, A. D. 1945.
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