Resolution Number 81-4-7-5RESOLUTION NO. 81-4-7-5 57
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 INVEST OR
REINVEST FUNDS OF THE CITY, AND REPEALING
RESOLUTION NO. 80-4-15-2
WHEREAS, Article 1, Chapter 4, Division 2, Title 5 of
the Government Code authorizes the City Council to invest and
reinvest surplus funds in certain designated securities as
listed in Section 53601 of that Code; and,
WHEREAS, Section 53607 of said Code further permits
the City Council to delegate such authority to its Treasurer;
and,
WHEREAS, this City Council deems it to be in the best
interests of the City of San Juan Capistrano for such investments
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 Article 1, Chapter 4,
Division 2, Title 5 of the Government Code 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 this 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 all investments and
reinvestments shall require the following signatures:
Phillip R. Schwartze, Mayor; or
Lawrence F. Buchheim, Mayor pro tem; and
John C. Gibson, City Treasurer; or
Mary Ann Hanover, 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. 80-4-15-2
is hereby repealed.
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W
BE IT FURTHER RESOLVED that this Resolution shall
be effective as of April 11, 1981.
PASSED, APPROVED AND ADOPTED this 7th day of
April 1 1981 , by the following vote, to wit:
ATTEST:
AYES: Councilmen Friess, Schwartze, Buchheim
and Mayor Hausdorfer
NOES: None
ABSENT: Councilman Bland
CITY CLER
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. 81-4-7-5 , adopted by
the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 7th day of
April 1 1981
(SEAL)
MARY ANN ER,CITY CLERK
61
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
and says:
AFFIDAVIT OF POSTING
MARY ANN HANOVER, being first duly sworn, deposes
5
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 8th day of April 1981 ,
she caused to be posted:
being:
RESOLUTION NO. 81-4-7-5
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 INVEST OR
REINVEST FUNDS OF THE CITY, AND REPEALING
RESOLUTION NO. 80-4-15-2
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.
Z"14ikeC
Y ANN N ER,' City Clerk
San Juan apistrano, California