The mailing reports on efforts by the Institute for Global Education (IGE) South Africa Human Rights working group and other concerned community and church people that led the Grand Rapids City Commission on October 26 to unanimously adopt a resolution prohibiting the investment of "idle" city funds in subsidiaries of corporations that do business in South Africa. This resolution is modeled after legislation adopted by the Michigan legislature. The next state of work by the IGE working group will probably involve investment policies of larger public funds. The mailing includes 41026 Com. Worst, supported by Com. Williams, moved adoption of the following resolution, City Funds Target of Divestment...
The mailing reports on efforts by the Institute for Global Education (IGE) South Africa Human Rights working group and other concerned community and church people that led the Grand Rapids City Commission on October 26 to unanimously adopt a resolution prohibiting the investment of "idle" city funds in subsidiaries of corporations that do business in South Africa. This resolution is modeled after legislation adopted by the Michigan legislature. The next state of work by the IGE working group will probably involve investment policies of larger public funds. The mailing includes 41026 Com. Worst, supported by Com. Williams, moved adoption of the following resolution, City Funds Target of Divestment Campaign by Chuck Vander Woude, and Legislative Alert. The mailing also includes three newspaper articles by John Sinkevics: "Coalition Asks That City Refuse Investments Linked to S. Africa," "City Investment Policy Intended To 'Send Message' to South Africa," and "City Adopts Policy Against Investing in Banks, Firms Tied to S. Africa." The mailing discusses the Community Relations Commission (CRC), Georgianna Klein, Commissioners Harold Dekker and Mary Alice Williams, Rev. Douglas VanDoren, Prof. Nick Wolterstorff, Bishop Desmond Tutu, economic sanctions, Hennie Serfontein, Noah Seifullas, the American Muslim Mission, investment in South Africa, House Bill 4553, the South African Consulate, the University of Michigan, Ford Motor Company, Mark Kane, Deputy City Treasurer Timothy Allard, Plymouth Congregational United Church of Christ, apartheid, City Treasurer Earl Hoenes, Old Kent Bank and Trust Co., Michigan National Bank of Grand Rapids, First National of Grand Rapids, First Federal of Michigan, Howard Rienstra, Mayor Abe Drasin, and City Attorney Philip Balkema.
