HomeMy WebLinkAboutResolutions - No. LPIC2003-02RESOLUTION NO. LPIC2003-02
A RESOLUTION AUTHORIZING
INVESTMENT OF MONIES IN THE
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 Board of Directors does hereby find that the deposit and
withdrawal of money in the Local Agency Investment Fund in accordance with the
provisions of Section 16329.1 of the Government Code for the purpose of investment as
stated therein as in the best interests of the Lodi Public Improvement Corporation.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors does hereby
authorize the deposit and withdrawal of Lodi Public Improvement Corporation 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 and verification by the State Treasurer's Office of all banking information
provided in that regard; and
BE IT FURTHER RESOLVED that the following Lodi Public Improvement
Corporation officers or their successors in office shalt be authorized to order the deposit
or withdrawal of monies in the Local Agency Investment Fund:
TITLE
President
Vice President
Treasurer
Secretary
Deputy Treasurer
I hereby certify that Resolution No. LPIC2003-02 was passed and adopted by the
Board of Directors of the Lodi Public Improvement Corporation in a regular meeting held
September 3, 2003, by the following vote:
AYES: DIRECTORS — Beckman, Howard, Land, and President
Hitchcock
NOES: DIRECTORS — None
ABSENT: DIRECTORS — Hansen
ABSTAIN: DIRECTORS — None
SUSAN J. BLACKSTON
Secretary
LPIC2003-02