HomeMy WebLinkAboutResolutions - No. 1235In the City Council
City of Lodi
Lodi, Californio
RESOLUTION NO. 1235
RESOLUTION AUTHORIZING PURCHASE OF
"UNITED STATES TREASURY SERIES C SAVINGS
NOTES" FROM WATER AND ELECTRIC DEPOSITS.
WHEREAS, there i s deposited in the City Treasury
of this City in "Special .)eposit Account" surplus funds in
the amount of 6,00u. over and above moneys necessary to make
refunds in the usual course of business; and,
WhE1-LEAS, these: funds bear little or no interest and
a reasonable return can be had thereon by purchasing United
butes Treasury Series C Savings Notes, therefore,
BE IT RESOLVED, that the Mayor, the City Treasurer
and the Lity Clerk, all or any of them as may be required, are
hereby empowered., authorized and directed to purchase United
:-states Treasury Series C Savings Notes in the amount of 6,000.
in the name of and for the City of Lodi and deposit the same,
when receiver, with the City Treasurer who shall- be the custodian
n,f said bonds and liable for the safe -keeping thereof.
0
Certified to be a full, true and correct copy
of Resolution No. 1235 of the City council of
the City of Lodi as passed anc adopted in a
regular meetin : of said Council held on
Thursday, July 5, 19L5 by the following vote:
AYES = Councilmen, Riggs, Tolliver, Weihe and Rinn
NOES: Councilmen, Mone
AESETUTz Cooncilman, Coffield
Dated; July 5, 1945