Resolution Number 92-12-1-2I1�
RESOLUTION NO. 92-12-1-2
DEPOSIT AND RiVESTMENT OF I / • ' I ��
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. 92-10-20-1
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
-1-
Capistrano and on file at depositories. Depositories are hereby authorized to honor and pay
any and all checks so signed:
Gil Jones
Collene Campbell
Cynthia L. Pendleton,
George Scarborough,
Mayor; or
Mayor pro tem; and,
City Treasurer/Director of
Administrative Services
Deputy City Treasurer
BE IT FURTHER RESOLVED, that the signature of the Mayor or Mayor
pro tem may be facsimiles.
BE IT FURTHER RESOLVED, that Resolution No. 92-10-20-1 is hereby
repealed.
PASSED, APPROVED, AND ADOPTED this
December , 1992.
ATTEST:
it Jones
B#a
1st
day of
oil
' 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. 92-12-1-2 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 , 1992, by the following vote:
AYES: Council Members Campbell, Hausdorfer, Nash, Vasquez and
Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYLO SON, CITY CLERK