Resolution Number 82-6-1-5RESOLUTION NO. 82-6-1-5 170 O
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 RESOLUTIONS NOS. 82-4-20-2 AND
82-4-20-3
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.
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.
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:
Lawrence F. Buchheim, Mayor; or
Anthony L. Bland, Mayor pro tem; and
John C. Gibson, City Treasurer; or
Mary Ann Hanover, Deputy City Treasurer
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BE IT FURTHER RESOLVED that the signature of the Mayor
or Mayor pro tem may be facsimiles.
BE IT FURTHER RESOLVED that Resolutions Nos. 82-4-20-2
and 82-4-20-3 are hereby repealed.
PASSED, APPROVED AND ADOPTED this 1st day of
June 1 1982 , by the following'vote, to wit: -
AYES: Councilmen Friess, Hausdorfer, Bland, and
Mayor Buchheim
NOES: None
ABSENT: Councilman Schwart
RENCE F EIM, MAYOR
ATTEST:
ITY CLE7
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. 82-6-1-5 , adopted by
the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 1st day of
June _ 1982_
(SEAL) J /
MARY ANN ANOV R, CITY CLERK
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
and says:
72
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. 79-2-21-7 and on the 4th day of June 1982
she caused to be posted:
RESOLUTION NO. 82-6-1-5
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 RESOLUTIONS NOS. 82-4-20-2 AND
82-4-20-3
in three (3) public places in the City of San Juan Capistrano,
to wit: The Administration Building; The San Juan Hot Springs
Dance Hall; The Orange County Public Library.
MARY ANN HANOVER, City Clerk
San Juan Capistrano, California
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