(A) Payment of claims. It is deemed advisable by the Town Council to allow the Clerk-Treasurer to pay all utility bills upon receipt, and to pay for any maintenance or repair bills needed for all town vehicles or town building if such is to be done before Council is to reconvene. It is deemed advisable by the Town Council to include payment of insurance, payroll and payroll related claims.
(B) Deposit and invest funds.
(1) Pursuant to I.C. 5-13-6-1(d), the Town Council hereby authorizes the Clerk-Treasurer to deposit the funds of the town into one of the banks which is located in the county, and which has been approved by the State Board For Depositories.
(2) Therefore, the Clerk-Treasurer of the town is hereby authorized to deposit, invest and reinvest monies of the town in one or more of the depositories approved by the State Board for Depositories for the county.
(Res. 97-6, passed 10-7-1997; Res. 97-7, passed 11-3-1997; Ord. 12-03, passed 5-14-2012)