Resolution Number 90-4-3-4147
RESOLUTION NO. 90-4-3-4
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. 90-3-6-7
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:
David P. Bentz, City Treasurer;
George Scarborough, Deputy City Treasurer.
BE IT FURTHER RESOLVED, that Resolution No. 90-3-6-7 is hereby repealed.
BE IT FURTHER RESOLVED, that this Resolution shall take effect on April 1,
1990.
PASSED, APPROVED, AND ADOPTED this 3rd day
of April , 1990.
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
1, GEORGE SCARBOROUGH, Acting 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. 90-4-3-4 adopted by the City Council of the City of San
Juan Capistrano, California, at a regular meeting thereof held on the 3rd day
of aril , 1990, by the following vote:
AYES: Councilmen Friess, Buchheim, Bland and
Mayor Hausdorfer
NOES: None
ABSENT: Councilman Schwartze
GEORGlt�,SC&RBQK0UUH, ACTINU C1Tr,/cLj
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