Resolution Number 65-1-25-3RESOLUTION NO. 65-1-25-3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JUAN CAPISTRANO AUTHORIZING AND DIRECTING THE
MAYOR, THE CITY ADMINISTRATOR AND THE CITY TREASURER
TO INVEST SURPLUS CITY FUNDS IN TREASURY BILLS
WHEREAS, the City Attorney pointed out that there were surplus funds of the
City on deposit but drawing no interest; and
WHEREAS, it was suggested that said surplus City funds be placed in Treasury
Bills callable at convenient intervals; and
WHEREAS the City Council found that it would be in the best interest of the
City of San Juan Capistrano to invest such surplus funds in Treasury Bills;
NOW, THEREFORE, BE IT RESOLVED that the Mayor, the City Administrator and
the City Treasurer be, and they are hereby authorized and directed to invest surplus
City funds in Treasury Bills.
AND BE IT FURTHER RESOLVED that such surplus City funds be so invested so as
not to impair the liquid financial position of the City to meet its obligations
as the same may arise.
The foregoing resolution was adopted,
January, 1965.
ATTEST:
City Clerk of the City of
San Juan Capistrano
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
and )pa4sed Nh# 25th day of
San Juan Capistrano
I, ERNEST A. THOMPSON, City Clerk of the City of San Juan Capistrano, hereby
certify that the foregoing is a true and correct copy of a resolution of the City
Council of said City numbered 65_1-25_3, adopted by the City Council of said City
on the 25th day of January, 1966, and was so passed and adopted by the following
stated vote, to wit:
AYES: COUNCILMEN: CHERMAK, BATHGATE, BUCHHEIM and DURNFORD
NOES: COUNCILMEN: OLIVARES
ABSENT: COUNCILMEN: NONE
City Clerk of the City of
San Juan Capistrano