HomeMy WebLinkAbout1977-05-17; City Council; Resolution 5078. ii
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Section 16429.1 was added to the California Government Code to
create a Local Agency Investment Fund in the State Treasury for
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 Govern-
ment Code for the purposes of investment as stated therein as in
the best interests of the City of Carlsbad.
NOW, THEREFORE, BE IT RESOLVED that the City Council 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 Govern-
ment 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: Frank C. Rice, City Treasurer, William C. Baldwin,
Assistant City Manager, Thelma L. Sowell, Finance Director.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
RESOLUTION NO. 5078
A RESOLUTION AUTHORIZING INVESTMENT OF CITY
OF CARLSBAD MONIES IN LOCAL AGENCY INVESTMENT
FUND.
26 Carlsbad I1 City Counc i 1 held on the 17th day of May, 1977
27iIby the following vote, to wit:
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AYES: co nci lmen Counci
NOES: None
ABSENT: Councilman
Frazee, Lewis, Packard and woman Casler
S kotn i c ki
ATTEST:
(seal)