CC - 1977-39 - Investment of City Monies inLocal Agency Investment Fund•
RESOLUTION NO
A RESOLUTION OF THE CITY
OF ROSEMEAD, CALIFORNIA
OF CITY MONIES IN LOCAL
E
77-39
COUNCIL OF THE CITY
AUTHORIZING INVESTMENT
AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976
Section 16429.1 was added to the California Government';Code
to create a Local Agency Investment Fund,iin the State Trea-
sury for the deposit of money of a local'~lagency for purposes
of investment by ;the State Treasurer; and
WHEREAS, the City Council does hereby find that the de-
posit and withdrawal of money in the Local Agency Investment
Fund in accordance with the provisions of Section 16429.1 of
the Government Code for the purposes of investment as stated
therein as in the best interests of the City of Rosemead.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Rosemead does hereby authorize the deposit and
withdrawal of City monies in the Local Agency Investment Fund
in the State Treasury-.in accordance with the provisions of
Section 16429.1 of the Government Code for purpose of invest-
ment as stated therein.
BE IT FURTHER RESOLVED that the following City Officers
or their successors in office shall be authorized to order
the deposit or withdrawal of monies in the Local Agency In-
vestment Fund: Hugh Foutz, City Treasurer; and any one of the
following, Ellen Poochigian, Assistant City-Treasurer; Frank
G. Tripepi, City Manager; Robert Fleischman, Finance Director.
PASSED AND ADOPTED by the City Council of the City of
Rosemead, State of California, on the 8th day of August, 1977
by the following vote:
AYES: Councilmembers
Mayor Cichy
NAYES: None
ABSTAINED: Councilman
ABSENT: None
Hunter, Imperial, Trujillo and
Taylor
ATTEST:
o
City C-Verk