HomeMy WebLinkAboutResolutions - No. 1176In the City Council
city Of Lodi
Lodi, California
RESOLUTION NO. 1176
A RESOLUTION SUPPLIMENTING RESOLUTION
NO. 1162 AS ADOPTED BY THE CITY COUNCIL
OF THE CITY OF LOLI ON APRIL 21, 194.
WHEREAS, for the same reasons stated in Hesolution
No. 1162 passed and adopted by this City Council April 21, 1943,
it is to the best interest of this City, its citizens and the
successful prosecution of the present war, that all moneys not
imrr:ediately required for carrying on the business of the City
be loaned to the United States of America, therefore,
BE IT RESOLVED, that the City Treasurer be, and he
is hereby directed to invest the sun of FIFTY THOUSAND DOLLARS
450,000.00) from any City funds in his custody in
obligations of the United States of America, to -wit, in
United States Treasury bonds of 1961-1969, dated April 15, 1913
and bearing interest at the rate of 20 per annum, payable
semi- annually.
Said bonds shall be purchased in such denominations
as said City Treasurer deems best suited to the needs of this
City.
0
Certified to be a full, true and correct
copy of itesolution No. 1176 of the City
Council of the City of Lodi as passed
and adopted by said City Council in
regular mtetiny held on the 15th day of
September, 1943 by the following vote:
AYES: Councilmen, Higgs, Weihe, Spooner and
Kinn
NOES: Councilmen, None
ABSENT: Councilman. Coffield
(Signed) J. F. BLAYLELY
City Clerk.