Resolution Number 93-11-16-4217
RESOLUTION NO. 93-11-16-4
' DEPOSIT AND INVESTMENT OF CITY FUNDS AND AUTHORIZING SIGNATURES
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. 92-12-1-2
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 rr 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:
Collene Campbell, Mayor; or
Carolyn Nasli, Mayor pro tem; and,
Cynthia L. Pendleton, City Treasurer/ Director of Administrative Services
George Scarborough, Deputy City Treasurer
BE IT FURTHER RESOLVED, that the signature of the Mayor or Mayor pro tem may be
facsimiles.
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BE IT FURTHER RESOLVED, that Resolution No. 92-12-1-2 is hereby repealed.
PASSED, APPROVED, AND ADOPTED this 16th day of November
1993.
ATTEST:
CITY CLERK
♦ /
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. 93-11-16-4
adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held
on the 16th day of November , 1993, by the following vote:
AYES: Council Members Nash, fiausdorfer, Campbell, Vasquez and
Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYLJ� Y CLERK
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