HomeMy WebLinkAboutCC RESO 14,3344. u
RESOLUTION NO. 14,334
RESOLUTION AUTHORIZING INVESTMENT OF CITY
OF NATIONAL CITY 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 money of local agency
for purposes of investment by the State Treasurer; and
WHEREAS, the City Council 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 purposes of
investment as stated therein are in the best interests of the City of National
City.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
authorize the deposit and withdrawal of City of National 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.
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:
Alejandro P. Caloza, Director of Finance
Delbert Redding, City Treasurer
Donna Stephenson, Sr. Account Clerk
PASSED and ADOPTED this 12th day of June, 1984.
ATTEST:
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MAYOR
CITY CLERK