Resolution Number 96-12-3-6385
RESOLUTION NO. 9.
DEPOSff AND INVESTMENT OF CITYFUNDS AND
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DELEGATING TO THE CITY TREASURER
AUTHORITY TO DEPOSIT CITY FUNDS AND TO INVEST OR REINVEST
CITY FUNDS, AUTHORIZING SIGNATURES AND REPEALING
RESOLUTION NO. 95-12-5-5
WHEREAS, Article 1, Chapter 4, Division 2, Title 5 of the Government Code
authorizes the City Council to invest and reinvest available funds in certain designated securities
as listed in Section 53601 of that Code; and,
WHEREAS, Article 2, Chapter 4, Division 2, Title 5 of the Government Code
requires that all City monies be deposited for safe -keeping in state or national banks or state or
federal savings and loan associates, and that the City Treasurer/Director of Administrative
Services of the City of San Juan Capistrano is hereby authorized to establish such accounts; and,
WHEREAS, Section 53607 of the California Government Code further permits
the City Council to delegate such authority and requirements to its City Treasurer; and,
' WHEREAS, this City Council deems it to be in the best interests of the City of San
Juan Capistrano for such investments and deposits to be made by the City Treasurer/Director of
Administrative Services.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
San Juan Capistrano does hereby delegate the authority granted to it by the aforesaid to Cynthia L.
Pendleton, City Treasurer/Director of Administrative Services.
BE IT FURTHER RESOLVED, that this authority shall continue until such time
as it shall be revoked by the City Council.
BE IT FURTHER RESOLVED, that the City Treasurer be and is hereby directed
to abide by all of the obligations and responsibilities imposed upon him by the aforesaid statutes.
BE IT FURTHER RESOLVED, that the following officers of the City of San
Juan Capistrano are hereby authorized to draw checks on said deposit accounts of the City of San
Juan Capistrano that are duly certified by the City Clerk of the City of San Juan Capistrano and
on file at depositories. Depositories are hereby authorized to honor and pay any and all checks
so signed:
David M. Swerdlin, Mayor; or
Gil Jones, Mayor pro tem; and,
Cynthia L. Pendleton, City Treasurer/Director of Administrative Services
George Scarborough, Deputy City Treasurer
4-
386
BE IT FURTHER RESOLVED, that the signature of the Mayor or Mayor pro
tem may be facsimiles.
BE IT FURTHER RESOLVED, that Resolution No. 95-12-5-5 is hereby
repealed.
PASSED, APPROVED, AND ADOPTED this
December , 1996.
ATTEST:
kjn �J� i7 x�o, U DC1/Lf
Cti CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
3rd
day of
-
VID M. SWERDLIN, MAYOR
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. 96-12-3-6 adopted by the City Council of the City of San Juan Capistrano,
California, at a regular meeting thereof held on the 3rd day of December
1996, by the following vote:
AYES: Council Members Campbell, Greiner, Hart, Jones
and Mayor Swerdlin
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
cb CHERYL JOHNSON, CITY CLERK '�-
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