HomeMy Public PortalAbout99-002 - LII (04-06-99)RESOLUTION NO 99.2
A RESOLUTION OF THE 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 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 City's
cash needs are met.
NOW, THEREFORE, the Lynwood Information, Inc. hereby fined, proclaim, order and resolve
as follows:
SECTION 1. That the Treasurer's Statement of Investment Policy is hereby approved
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SANCHEZ
SECTION 2. This resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED and ADOPTED this 6th day of Apri 1 ' 1999.
APPROVED AS TO FORM:
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ATTEST:
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SECRETARY
TO CONTENT:
HUS PYGA
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 6th day of
April 19 99 , and passed by the following vote:
AYES: MEMBER BYRD, REA, RICHARDS, SANCHEZ
NOES: MEMBER REYES
ABSENT: NONE
-STATE OF-CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
Secretary
Lynwood Information, Inc.
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. 99.2
on file in my office and that said resolution was adopted on the
date and by the vote therein stated.
DATED this 6th day of April 19
Secretary
Lynwood Information, Inc.