HomeMy WebLinkAboutCRC-2008-13 Establish Promotion Fund - $1,000 RESOLUTION NO. 2'OO g-�3
WHEREAS, the Cannel Redevelopment Commission of the City of Cannel, Indiana ("CRC"),
has the authority to create certain funds to be used for the purposes provided by law; and
WHEREAS, CRC wishes to have a promotion fund established and initially funded in the sum of
One Thousand Dollars ($1,000.00); and
WHEREAS, CRC hereby approves such fund establishment and funding.
NOW, THEREFORE,BE IT ORDAINED by CRC, as follows:
Section 1: The foregoing Recitals are fully incorporated herein by this reference.
Section 2: The following provisions are hereby approved and adopted:
(a) There initially shall be $1,000 appropriated to create a CRC Promotional
Fund (the"Fund").
(b) The Fund shall be used for promotional purposes as permitted by applicable
law, with all monies therein being properly receipted and disbursed.
(c) The Fund shall be administered by the Director of Finance of CRC.
(d) The Director of Finance of CRC shall account, by separate line item, for the
receipt and disbursement of all sums to and from the Fund.
Section 3. If any portion of this Resolution is for any reason declared to be invalid or unlawful,
such decision shall not affect the validity of the remaining portions of this Resolution so long as
enforcement of same can be given the same effect.
Section 4. This Resolution shall be in full force and effect from and after its passage and signing
by the Commissioners of CRC.
PASSED by the Cannel Redevelopment Commission of the City of Cannel, Indiana, this 17
day of�«mbec , 2009,by a vote of S ayes and o nays.
CARMEL REDE LOPMENT COMMISSION FOR THE CITY OF CARMEL,INDIANA
onald E. Carter, President Richard L. Sharp, Secret.
4 fl ,/1/ore iA�I
William Hammer,r .�e-President J_ 1) � �ell, Commissioner
Carolyn E. Anker, Commissioner