WATERLOO TOWNSHIP BOARD
RESOLUTION AMENDING RESOLUTION #22-07-26-1
RESOLUTION NO. 23-02-28-1
At a meeting of the Waterloo Township Board, Jackson County, Michigan, held at Township Hall (9773 Mt Hope Road, Munith, MI 49259) on February 28, 2023, at 7:00 PM.
PRESENT: D. Lance, J.Beck, J.McAlister, W. Walz, J. Kitley
ABSENT: None
The following resolution was offered by Lance and supported by Walz;
WHEREAS, the Waterloo Township (“Township”) Board adopted Resolution #22-07-26-1 that, among other things, adopted an investment policy and authorizes the use of certain investments; and
WHEREAS, the Township Board desires to update Resolution #22-07-26-1 to reference Act 20 of 1943 related to Michigan townships adopting investment policies. See MCL 129.91 et seq. (“Act 20”).
NOW, THEREFORE, BE IT RESOLVED by the Waterloo Township Board, as follows:
- The Township Board amends Resolution #22-07-26-1 to adopt the following investment policy and to reference the authorizing authority of Act 20. See MCL 129.95.
Purpose
It is the policy of Waterloo Township to invest its funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow needs of the Township and comply with all state statutes governing the investment of public funds.
