HomeMy WebLinkAboutResolutions - No. 4353RESOLUTION NO. 4353
RESOLUTION 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 accor-
dance 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 Lodi.
NOW, THEREFORE, BE IT RESOLVED that the City Council
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 1642.9, 1 of the Government Code for the purpose
of investment as stated therein.
13E 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:
Fred C. Wilson
Robert Holm
James Pruss
Finance Director and Treasurer
Asst. Finance Director
Senior Accountant
Alice M. Reirnche City Clerk
Dated: MAY 4, 1977
I hereby certify that Resolution No. 4353 was passed
and adopted by the City Council of the City of Lodi in a regular meeting
held May 4, 1977 by the following vote:
Ayes: Councilmen - Ehrhardt, Hughes, Katzakian,
Pinkerton and Katnich
Noes: Councilmen - None
Absent: Councilmen - None
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ALICE M. REIMCHE
City Clerk
4353