HomeMy WebLinkAboutResolutions - No. 941In the City Council
City of Lodi
Lodi, California
RESOLUTION NO. 941
RESOLUTION AUTHORIZING PURCHASE OF "UNITED STATES
SAVINGS BONDS" FROM WATER AND ELECTRIC DEPOSITS.
WHEREAS, there is deposited in the City Treasury
of this City in "Special Deposit Account surplus funds in
the amount of $6,000 over and above moneys necessary to make
refunds in the usual course of business; and,
WHEREAS, these funds bear little or no interest and
a reasonable return can be had thereon by purchasing United
States Savings Bonds, therefore,
BE IT RESOLVED, that the kayor, the City Treasurer
and the City Clerk, all or any of them as may be required, are
hereby empowered, authorized and directed to purchase United
States Savings Bonds in the amount of $6,000. in the name of
and for the City of Lodi and deposit the same, when received,
with the City Treasurer who shall be the custodian of said
bonds and liable for the safe -keeping thereof.
0
Certified to be a full, true and correct copy of
Resolution No. Al of the City Council of the
City of Lodi as passed and adopted in a regular
meeting of said Council held on Monday,
December 20, 1937 by the following vote:
AYES: Counoilmeh, Clark, V4eihe, Craffigna and
Steele
NOES: Councilmen, None
ABSENT: Councilman, Spooner
JUL 1 f 1944