Resolution Number 76-8-4-2RESOLUTION NO. 76-8-4-2 167
INVESTMENT OF CITY FUNDS
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JUAN CAPISTRANO, CALIFORNIA, DELEGATING
AUTHORITY TO INVEST OR REINVEST FUNDS OF THE
CITY TO THE CITY TREASURER
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 conducted by the City Treasurer.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of San Juan Capistrano have hereby delegated 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 reinvest-
ments shall require the following signatures:
Douglas B. Nash, Mayor; or
Yvon O. Heckscher, Mayor pro tem; and
John C. Gibson, Treasurer
BE IT FURTHER RESOLVED that the signature of the Mayor
or Mayor pro tem may be facsimiles.
PASSED, APPROVED AND ADOPTED this 4th day of August ,
1976, by the following vote, to wit:
AYES: Councilmen Sweeney, McDowell, Friess,
Heckscher, and Mayor Nash
NOES: None
ABSENT: None
ATTEST:
DOUGLAS•
C1 TY CLERK
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1-68
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.76-8-4-2 , adopted by the
City Council of the City of San Juan Capistrano, California, at a
regular meeting thereof held on the 4th day of August , 1976.
(SEAL) MARY AN NOVE , CITY CLERK
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
MARY ANN HANOVER, being first duly sworn, deposes
and says:
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. 74-1-28-4, and on the 1311 day of August ,
197 6 she caused to be posted:
RESOLUTION NO. 76-8-4-2
being:
INVESTMENT OF CITY FUNDS
in three (3) public places in the City of San Juan Capistrano,
to wit:
The Administration Building;
The Post Office;
The Orange County Public Library.
MARY ANN IANOVER, City Clerk
San Jua Capistrano, California