Resolution Number OCWD NO. 4 72-3-13-2RESOLUTION NO . 72-3-13-2
RESOLUTION OF THE BOARD OF DIRECTORS
OF ORANGE COUNTY WATERWORKS DISTRICT
NO. 4 AUTHORIZING TREASURER TO EXECUTE
AGREEMENT FOR THE INACTIVE DEPOSIT OF FUNDS
5 WHEREAS , the District has certain funds which are not
6 required in the normal operation and administration of its affairs;
? and
8 WHEREAS, this Board deems that such funds should be in-
9 vested and earn a reasonable return thereon; and
10 WHEREAS , the Bank of America, San Juan Capistrano Branch
11 possesses the capabilities and resources to tnvest such funds to
12 the best advantage of the District :
1 3 NOW , THEREFORE, BE IT RESOLVED that the Treasurer be
1 4 and is hereby authorized to execute an agreement with the Bank
1 5 of America for the inactive deposit of funds or Orange County
16 Watenvorks District No . 4 .
17
18 DIRECTORS PRESENT : BATHGATE, CHERMAK, GAMMELL , THORPE, FORSTER
1 9 DIRECTORS ABSENT : NONE
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21 STATE OF CALIFORNIA )
) ss
2 2 COUNTY OF ORANGE )
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24 I , Virginia Meadows , Cler k of the Board of Directors of
2 5 Orange County Waterworks District No . 4 , hereby declare and certify
26 that the above and foregoing resolution was duly adopted by an
27 unanimous vote, all of the directors being present and voting , at
28 a regular meeting of said Board had and held on Monday, March 13,
29 1972, at 6:00 P.M.
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..... -~ .. Vi;gi~j.'~{" M~':£ows':/ cfeik<~f the Board
of Directors of Orange County Water-
works District No. 4