HomeMy WebLinkAboutC.C. RES 03-066
RESOLUTION NO. 03-66
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA,
AUTHORIZING INVESTMENT OF MONIES IN THE 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 the purposes of investment by
the State Treasurer; and
WHEREAS, the City Council of the City of Tustin does hereby find that the deposit
and withdrawal of money in the Local Agency Investment Fund in accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of investment as
stated therein is in the best interests of the City of Tustin;
NOW, THEREFORE, BE IT RESOLVED that the City of Tustin does hereby authorize
the deposit and withdrawal of monies in the Local Agency Investment Fund in the State
Treasury in accordance with the provisions of Section 16429.1 of the Government Code for
the purpose of investment as stated therein, and verification by the State Treasurer's Office
of all banking information provided in that regard.
BE IT FURTHER RESOLVED that the following City of Tustin officers or thei~
successors in office shall be authorized to order the deposit or withdrawal of monies in the
Local Agency Investment Fund: ,G. W. Jeffries/City Treasurer, William A. Huston/City
Manager, and Ronald A. Nault/Finance Director.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Tustin held on the 5th day of May, 2003.
Mayor
ATTEST:
Pamela Stoker
City Clerk
CITY OF TUSTIN
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
RESOLUTION NO. 03-66
Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, does hereby certify that the whole number of the members of the City Council
is five; that the above and foregoing Resolution was duly and regularly passed and
adopted at a regular meeting of the City Council held on the 5th day of May, 2003, by
the'following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
WORLEY, KAWASHIMA, BONE, DAVERT, THOMAS
NONE
NONE
NONE
Pamela Stoker
City Clerk
RES:ResolutionNo03-66LocalAgencylnvestment Fund.doc