Resolution Number 85-4-16-1RESOLUTION NO. 85-4-16-177
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DEPOSIT AND INVESTMENT OF CITY FUNDS
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, AND
REPEALING RESOLUTION NO. 84-4-17-2
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 associations, and that the City Treasurer and
the Director of Administrative Services of the City of San Juan
Capistrano are hereby authorized to establish such accounts; and,
WHEREAS, Section 53607 of the California 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, and/or the
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 the City Treasurer,
John C. Gibson, and Robert G. Boone, 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:
Phillip R. Schwartze, Mayor; or
Gary L. Hausdorfer, Mayor pro tem; and,
John C. Gibson, City Treasurer; or
Mary Ann Hanover, Deputy City Treasurer; or
Robert G. Boone, Director of Administrative
Services.
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3 BE IT FURTHER RESOLVED that the signature of the Mayor
or Mayor pro tem may be facsimiles.
BE IT FURTHER RESOLVED that Resolution No. 84-4-17-2 is
hereby repealed.
PASSED, APPROVED AND ADOPTED this 16th day of
April , 1985
I LI R. SC RTZE, MA O
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, 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. 85-4-16-1 , adopted by
the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 16th day of
April 1 1985 , by the following vote:
AYES: Councilmen Friess, Buchheim,
Hausdorfer, and Mayor Schwartze
NOES: None
ABSENT: Councilman Bland
(SEAL)
MARY ANNNOVER, CITY CLERK
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
and says:
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AFFIDAVIT OF POSTING
MARY ANN HANOVER, being first duly sworn, deposes
That she is the duly appointed and qualified City Clerk
of the City of San Juan Capistrano;
That in compliance with State laws of the State of
California and in further compliance with City Resolution
No. 83-12-20-3 and on the 18th day of April . 1985
she caused to be posted:
RESOLUTION NO. 85-4-16-1
being: DEPOSIT AND INVESTMENT OF CITY FUNDS
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, AND
REPEALING RESOLUTION NO. 84-4-17-2
in three (3) public places in the City of San Juan Capistrano,
to wit: City Hall; Old Fire Station Recreation Complex; Orange
County Public Library.
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MARY
AN
NOVER, CITY
CLERK
San
Ju
Capistrano,
California
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