HomeMy Public PortalAboutResolution 03-42011
1
1
RESOLUTION NO. 03 -4201
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
of 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 withdrawal 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 is 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 16429.2 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 withdrawal of monies in the Local Agency Investment Fund:
City Manager — Martin R. Cole
City Treasurer — Francine Maldonado
City Clerk —Mary R. Flandrick
City Attorney — Charles R. Martin
APPROVED AND ADOPTED on this 5th day of August, 2003
MAYOR
ATTEST:
City Clerk
I hereby certify that the foregoing resolution, Resolution No. 03 -4201, was duly adopted by the City
Council of the City of Temple City at a regular meeting held on the 5th day of August, 2003 by the following
vote:
AYES: Councilmember- Capra, Wong, Zovak, Vizcarra
NOES: Councilmember -None
ABSENT: Councilmember - Arrighi
hn a., 12, .4-GIA„)..}L,4,
City Clerk