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RESOLUTION NO. g3-52
RESOLUTION AUTHORIZING INVESTMENT OF CITY OF
UKIAH MONIES IN 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 monies of
local agencies for the purpose of investment by the State Treasurer, and
WHEREAS, the City Council does hereby find that the deposit and
withdrawal of monies of the local agency investment in accordance with
provisions of Section I6429.1 of the Government Code for the purposes of
investment as stated therein, as in the best interest of the City of
Ukiah.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
authorize the deposit and withdrawal of the City of Ukiah monies in the
local agency investment fund in the State Treasury in accordance with the
provision of Section 16429.1 of the Government Code for the purpose of
investments stated therein.
BE IT FURTHER RESOLVED that the following City officers or their
successors in office shall be authorized to order the deposits or
withdrawals of money in the local agency investment fund: Lyell C. Cash;
City Treasurer; G.R. Brosig, Director of Finance.
PASSED AND ADOPED this sixth day of April, 1983 by the following roll
call vote:
AYES: C0unci]members Dickens, Hickey, Myers
NOES: Counci lmembers Kel 1 ey, Fei busch
ABSENT: None
ATTEST:
ity Clerk
Theodor Feibusch
Mayor