HomeMy WebLinkAboutResolution 12-79 RESOLUTION NO. 12-79
' RESOLUTION AUTHORIZING INVESTMENT OF
CITY MONIES IN LOCAL AGENCY INVESTMENT FUND
tT H E C I T Y C O U N C I L
City of Atascadero, California
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 purposes of investment by
the State Treasurer; and
WHEREAS, the Council of the City of Atascadero does hereby find
that the deposit and withdrawal of money in the Local Agency Invest-
ment Fund in accordance with the provisions of Section 16429. 1 of
the Government Code for' the purposes of investment as stated therein
as in the best interests of the City of Atascadero.
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of
Atascadero does hereby authorize the deposit and withdrawal of City
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
BE, IT FURTHER RESOLVED that the following City officers or
their successors in office shall be authorized to order the deposit
or withdrawal of monies in the Local Agency Investment Fund:
Murray L. Warden, City Manager
Ralph H. Dowell, Jr. , Finance Director
On motion by Councilman Highland and seconded by Councilman
Nelson , the foregoing resolution is hereby adopted in its
entirety on the following roll call vote:
1 AYES: Councilmen Highland, Mackey, Nelson, Stover and Mayor
Wilkins
NOES: None
ABSENT: None
ADOPTED: August 13, 1979
o
R BERT J. WIL NS, JR. ,' Mayo
ATTEST:
MUR Y L. RDEN, City Clerk