HomeMy Public PortalAboutResolution 80-1884RESOLUTION NO. 80 -1884
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMPLE CITY AUTHORIZING INVESTMENT OF CITY
MONIES IN LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976 Section
16429.1 was added to the California Government Code to create a
Local Agency Investment Fund in the State Treasury for the deposit
Iof money of a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, the City Council does hereby find that the deposit and with-
drawal of money in the Local Agency Investment Fund in accordance with
the provisions of Section 16429.1 of the Government Code for the purposes
of investment as stated therein as in the best interests of the City
of Temple City.
NOW THEREFORE, BE IT RESOLVED that the City Council of the City of
Temple City does hereby authorize the deposit and withdrawal of City
monies in the Local Agency Investment Fund in the State Treasury in
accordance with the provisions of Section 16429.1 of the Government Code
for the purpose of investment as stated therein.
BE IT FURTHER RESOLVED that the following City officers or their
successors in office shall be authorized to order the deposit or with-
drawal of monies in the Local Agency Investment Fund:
Joan Downey, City Treasurer
Marilyn Spoon, Deputy City Treasurer
ADOPTED, SIGNED and APPROVED this 1st day of April, 1980.
ATTEST:
L/
g �' ta__ e� . . ' ,e J
Chie Deputy City Clerk
I hereby certify that the forgoing Resolution was adopted by the
City Council of the City of Temple City at a regular meeting held on the
1st day of April, 1980, by the following vote:
AYES:
NOES:
ABSENT:
Councilmen- Gillanders, Merritt, Tyrell, Atkins
Councilmen- None
C iii of Deputy City Clerk