Resolution Number 98-12-1-5RESOLUTION NO. 98-12-1-5
INVESTMENT OF CITY MONIES IN LOCAL AGENCY INVESTMENT FUND
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO, CALIFORNIA, AUTHORIZING INVESTMENT
OF CITY MONIES IN THE LOCAL AGENCY INVESTMENT FUND
AND REPEALING RESOLUTION NO. 92-10-20-2
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 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 is in the best interests of
the City of San Juan Capistrano.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San
Juan Capistrano does hereby authorize the deposit and withdrawal of City monies in the Local
Agency Investment Fund in the State Treasure 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:
Cynthia L. Russell, City Treasurer;
George Scarborough, Deputy City Treasurer
BE IT FURTHER RESOLVED, that Resolution No. 92-10-20-2 is hereby repealed.
PASSED,
December
ATTEST:
APPROVED, AND ADOPTED this
, 1998.
— , ,, 6
CITY CLERK
1st
day of
JOHN GREINER MAYOR
393
394
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, City Clerk of the City of San Juan Capistrano, California, DO
HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No.
98-12-1-5 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 1st day of December 1998, by the
following vote:
AYES: Council Members Jones, Swerdlin, Hart, Campbell
and Mayor Greiner
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
C-99RYL JOj,(
)kSQX, CITY CLERK
-2-