HomeMy WebLinkAboutResolutions - 1983.02.24 - 11519'es A. Doyon
nty Commiss 0
January 20, 1983
Resolution # 83001
A. Doyen, County Commissioner—District #10
1 : AUTHORIZATION FOR INVESTMENT OF SURPLUS COUNTY FUNDS
IN CREDIT UNIONS
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies, and Gentlemen:
WHEREAS Act 500 of the Public Acts of 1978 amends Act 66 of the
Public Acts of 1977 and provides in part as follows:
"Sec. 1. The . . . governing body of a county . . by
resolution may authorize its treasurer . . to invest surplus
funds belonging to and under the control of the . . . county
as follows:
(b) In certificates of deposit, savings accounts or depository
receipts of . . . a credit union which is insured by the national
credit union administration,",
WHEREAS the County Treasurer requests the approval of the County
Board of Commissioners to invest County funds in these investment securities.
NOW THEREFORE BE IT RESOLVED that the County Treasurer is hereby
authorized to invest surplus county funds in the following investment securities:
certificates of deposits, savings accounts or depository receipts of a credit
union which is insured by the national credit union administration.
Mr. Chairperson, I move the adoption of the foregoing resolutio
#83001 January 20, 1983
The Chairperson referred the resolution to the Finance Committee.
There were no objections.