HomeMy WebLinkAbout1988-02-25 - RESOLUTIONS - INVEST SC MONIES (2)RESOLUTION NO. 88-16
A RESOLUTION OF THE CITY COUNCIL OF THE
SANTA CLARITA AUTHORIZING INVESTMENT OF
SANTA CLARITA MONIES IN THE LOCAL AGENCY
INVESTMENT FUND OF THE STATE TREASURY OF
STATE OF CALIFORNIA
CITY OF
THE
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 of the City of Santa Clarita
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 purpose of investment
as stated therein as in the best interests of the City of Santa
Clarita.
NOW THEREFORE, BE IT RESOLVED, that the City Council
of the City of Santa Clarita does hereby authorize the deposit
and withdrawal of City of Santa Clarita 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 of Santa
Clarita officers or their successors in office shall be authorized
to order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
E. Fredrick Bien
(NAME) (NAME NAME)
Cit Treasurer
(TITLE (TITLE
(TITLE)
1988. PASSED, APPROVED, AND ADOPTED
ATTEST:
t7
-rM�� ;
this 25th day of February,
Howard "Buck" McKeon
Mayor
CERTIFICATION
BY CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I E. Fredrick Bien , City Clerk of
the City of Santa Clarita, do hereby certify that the attached
copy of Resolution No. 88-16 is a complete and correct
copy of the original Resolution No.
Cit88-16 now on file in my
office and as adopted by the y Council at the City Council
meeting of _ February 25, 1988
E.Fredrick Bien
City Clerk
by
Do na M. Grindey
Deputy City Clerk loor