HomeMy WebLinkAboutResolutions - No. 1229in the City Council
City of Lodi
Lodi, California
RESOLUTION NO. 1229
DIRECTING INVESTMENT 0 r MONEYS
NOT IMMt+ iIATELY REiQ,UIRED IN
UNITED STATES SECURITIES.
WHEREAS, there are now certain funds in the Treasury
of this City which are not immediately required to be expended
in maintenance and operation of the various departments of the city
owing to war time restrictions, therefore,
BE IT RESOLVED, that the Uity Treasurer be, and he is
hereby authorized and directed to invest the following moneys in
United. States Treasury Notes, Series C, plus any amounts
accruing to date of purchase from interest thereon:
r'rom. General Fund The Sum of 0 70,000.
From Bond Redemption and Interest Fund The Sum of 3,000.
From "In Lieu Tax" Fund The sum of 38,000_
A Total Sum of $111,000.
Said certificates shall be purchased in the name of
The Uity of Lodi and. kept in the custody of the city Treasurer.
U
Certified to be a full, true and correct copy
of hesolution o. 1229 of the city council of
the City of Lodi as passed and adopted in a
regular meeting of said Council held uuednesday,
June 6, 1.945 by the following vote:
AYES = Councilmen, RIC GS, WEIHE, TOLLIVER TVER AND RINK
NON'S: Councilmen , NONE
ABSENT.; Councilmen, 0O 'FIELD.