HomeMy WebLinkAbout1988-07-14 - RESOLUTIONS - INVESTMENT FUND MONIES (2)RESOLUTION NO. 88-95
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA AUTHORIZING INVESTMENT OF SANTA CLARITA
MONIES IN THE LOCAL AGENCY INVESTMENT FUND OF THE
STATE TREASURY OF THE STATE OF CALIFORNIA
AND REPLACING RESOLUTION NO. 88-16
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 the
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.
Section 1. 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:
George A. Caravalho
(Name) (Name) (Name)
City Treasurer
(Title) (Title) (Title)
Section 2. That Resolution No. 88-16 is hereby replaced.
PASSED, APPROVED, AND ADOPTED this 14th day of July
1988.
Howard "Buck" McKeon _
Mayor
ATTEST:
C' C erk
CERTIFICATION
FlWea"AWWRPM
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF SANTA CLARITA )
I George Caravalho City Clerk of the City of Santa
Clarita, do hereby certify that the attached copy of Resolution 88-95
is a complete and correct copy of the original Resolution 88-95
now on file in my office and as adopted by the City Council at the
City Council meeting on July 14, 1988
Arg-. IC ho
City Clerk
by
Donna M. Grindey
Deputy City Clerk