HomeMy WebLinkAbout1991-212
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RESOLUTION NO.
91-212
RESOLUTION OF THE CITY OF SAN BEmIAPDU;O AUTHORIZING TEE
INVESTMENT OF SURRLUS FUKDS, AUTHORIZING TEE CITY TREASURER TO
MAKE DEPOSITS IN ACCORDANCE WITH THE PROVISIONS OF THE GOVERNMENT
CODE OF THE STATE OF CALIFORNIA, AND REPEALUIG RESOLUTION NO.
81-232.
BE IT RESOLVED BY TEE MPSOR AND cmmON COUNCIL OF THE CITY
OF SAN BERANRDINO AS FOLLOWS:
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SECTION 1. David C. Kennedy, in his capacity as City
Treasurer of the City of San Bernardino, is authorized to
invest and reinvest surplus funds of the City of San Bernardino,
and to sell or exchange securities, in accordance with Sections
53600 through 53609 of the GovernMent Code of the State of
California.
SECTION 2. The City Treasurer is authorized to deoosit any
of the instruments described in Section 53608 of the Governnent
Code in any of the depositories described in that section.
SECTION 3. Any depository selected by the City Treasurer
is authorized to accept for deposit any of the instrunents
described in Section 53608 of the Government Code, and to comply
with any written order relating to such deposit which is executed
by the City Treasurer or his authorized deput~.
SECTION 4. Resolution No. 81-232 of the City of San
Bernardino is repealed.
I HEREBY CERTIFY that the foregoing resolution vIas duly
adopted by the Mayor and Comnon Council of the City of San
Bernardino at a
regular
meeting thereof, held on the
3rd
day of
June
, 1991, by the following vote, to-wit:
28..........
6/3/91
I
RE So-,:
AlJTHORIZING THE INVESTMENT OF SURPLUS FUNDS; AU'I'HORIZING
. '.
THE CITY TREASURER TO MAKE DEPOSITS IN ACCORDANCE WITH
THE PROVISIONS OF THE GOVERNMENT CODE OF THE STATE OF
CALIFORNIA, AND REPEALING RESOLUTION NO. 81-232.
Council Members: AYES NAYS ABSTAIN
ESTRADA x
-
REILLY x
HERNANDEZ x
MAUDSLEY x
-
MINOR x
-
POPE-I,UDLAM x
MILLER x
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The foregoing resolution is
day of
June
, 1991.
Approved as to form
and legal content:
James F. Penman
City Attorney
By (k/M-4 1. j4~
o
6/3/91
-2-
Jjl1du./ f: a4~-rdL,/~/
., ,Ci t Clerk (/
/fJtf.U-<J/ '7;<..U.4-f, dfLe".aafy
hereby approved this 4th
/
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.- ,/.- /' / .- ,_.-'-, ..-~.-._-
. , W. .p. Hqilco",.b, ~1ayor
City o,f Sarr Bernardino