HomeMy Public PortalAbout95-010 - LII (09-05-95)RESOLUTION NO. 95 -10
A RESOLUTION OF LYNWOOD INFORMATION, INC.
OF THE CITY OF LYNWOOD APPROVING THE
TREASURER'S STATEMENT OF INVESTMENT POLICY
WHEREAS, the Treasurer is responsible for Lynwood Information, Inc. cash
flow whereby funds are transferred from various accounts to meet operating
obligations; and
WHEREAS, the Treasurer is also responsible for the investment of idle cash;
and
WHEREAS; the Treasurer has prepared guidelines for a prudent investment
policy; and
WHEREAS, the policy contains certain investment criteria; and
WHEREAS, the basic premise of the policy is to ensure the safety of funds and
assure that the Agency's cash needs are met.
NOW, THEREFORE, the Agency Chairman and Board Members do hereby
find, proclaim, order and resolve as follows:
Section 1. That the Treasurer's Statement of Investment Policy is hereby
approved. -
Section 2. This resolution shall go into effect immediately upon its adoption.
ASSED . APPROVED and ADOPTED this 5 -e day of
1995.
Z oo Q
LOUIS BYRD, C AIRMAN
ATTEST:
/�
ANDREA L. HOOPER
City Clerk
APPROVED AS TO FORM:
Q K
City Attorney
APPROVED AS TO CONTENT:
Faustin Gonzales
City Manager
I
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk, and Secretary of the Lynwood
Information, Inc., do hereby certify that the above and foregoing
resolution was duly adopted at a regular meeting thereof held in
the City Hall of the City of Lynwood on the 5 day of
September 19 95 , and passed by the following vote:
AYES: Councilmember Byrd, Heine, Henning, Richards
NOES:
ABSENT: Councilmember Rea
Secretary '
Lynwood Information, Inc.
STATE OF CALIFORNIA )
) SS.
--
—COUNTY OF -LOS ANGELES - -)
I, the undersigned, Secretary of the Lynwood
Information, Inc., do hereby certify that the above and foregoing
is a full, true and correct copy of LII Resolution No. 95 -10
on file in my office and that said resolution was adopted on the
date and by the vote therein stated.
DATED this 6th day off September 19 95
Secretary
Lynwood Information, Inc.