HomeMy WebLinkAboutResolutions - 1973.12.20 - 15419The Public Works Committee, by
The following resolution is with reference to AUTHORITY TO CREMATE
-CANCELLED BONDS AND INTEREST COUPONS THAT ARE SEVEN t77) OR MORE
YEARS OLD AND IS PURSUANT TO ACT 56, PUBLIC ACTS OF MICHIGAN 1962.
and since a copy of the resolution has, prior to this meeting been mailed to
all members of this Board ----- I respectfully request that reading of same be
waived,
its moves the adoption of the following
Resolution:
PUBLIC WORKS COMMITTEE
By
Cairman
At a regular meeting of the Board of Commissioners of Oakland
County, Michigan, held in the Commissioners Auditorium in the County
Seivice Center, in the City of Pontiac, Michigan, on Thursday the
20th day of Decdmber , 1973, at 9:30
o'clock A.M., Eastern Standard Time
PRESENT: Berman, Brotherton, Button, C7y,,Dunleavy, Hobart, Boughten, Kasper,
Lennon, Mathews, Montante, Nowak:, Patnales, Perinoff, Richardson,
Walker, Wilcox. (17)
ABSENT: Burley, Dearborn, Douglas, Gabler, Hoot, Moffitt,. Olson, Pernick,
Quinn, Vogt, (10)
6520 RESOLUTION NO,
BY: Mr. Patnales
IN RE: CREMATION OF BONDS AND INTEREST COUPONS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
MR. CHAIRMAN, LADIES AND GENTLEMEN:
WHEREAS, Act 56, Public Acts of Michigan, 1962, provides
for the cremation of obligations issued by a public corporation
and of interest coupons pertaining to obligations issued by a
public corporation; and
WHEREAS, it is in the best interest of the County that
obligations issued by the County and interest coupons pertaining
to obligations issued by the County be cremated after they have
been paid.
THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF OAKLAND COUNTY, MICHIGAN, as follows:
1. The County Treasurer, the official of the County of
Oakland having custody of the financial records of the County, or
his duly designated representative, the Chairman of the Board of
Public Works and the County Clerk are hereby authorized to cremate
obligations of the County and interest coupons pertaining to ob-
ligations of the County, provided, however, that no obligation or
interest coupon shall be cremated until at least 7 years after the
maturity date of such obligations or coupons.
2. The cremation of obligations and interest coupons
shall be in accordance with the provisions of Act 56, Public Acts
of Michigan, 1962, and within 24 hours after the cremation of any
obligation or interest coupon a certificate of cremation shall be
prepared and executed by those persons in whose presence the
obligations or interest coupons were cremated. Within 30 days of
its execution, copies of the cremation certificate shall be filed
with the Oakland County Treasurer and the Municipal Finance Com-
mission of the State of Michigan.
MR. CHAIRMAN, on behalf of the Public Works Committee,
I move the adoption of the foregoing resolution.
PUBLIC WORKS COMMITTEE
Chairman - Robert F. Patnales
.ADOPTED Yeas Button, Goy, Dunleavy, Hobart, Houghten, Kasper, Lennon, Mathews,
Montante, Nowak, Patnales, Perinoff, Richardson, Walker, Wilcox,
Berman, Brotherton. (17) 1
Nays None. (0)
Absent Burley, Dearborn, Douglas, Gabler, Hoot, Moffitt, Olson, Pernick,
Quinn, Vogt. (10)
STATE OF MICHIGAN )
) SS:
COUNTY OF OAKLAND )
I, the undersigned, the duly qualified and acting County
Clerk of the County of Oakland, do hereby certify that the foregoing
is a true and complete copy of a resolution adopted at a regular
meeting of the Oakland County Board of Commissioners, held on the
20th day of December , 1973, the original of which
is on file in my office.
IN WITNESS WHEREOF, I have hereunto affixed my official
signature this 21st day of December A.D., 1973
County Clerk