HomeMy WebLinkAboutResolution 85-038 N.C.S. 02/11/1985Resolution No. 85-38 N. C. S.
of the City of Petaluma, California
AUTHORIZING INVESTMENT OF IDLE FUNDS
IN LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976 Section.
16429.1 was added to the Galifornia Government Code to create a Local
Agency Investment Fund in the State Treasury for the deposit of money of
a local agency for purposes of investment bv the State Treasurer; and
WHEREAS, the City of Petaluma does hereby find that th.e deposit and
withdrawal of money in the Local Agency Investment Fund in accordance
with the provisions of Section 16429.1 of the Government Code as amended
in 1983 for the purposes of investment as stated therein is in the best
interests o.f the City of Petaluma.
NOW, THEREFORE, BE IT RESOLVEl~ that the City o£ Petaluma d.oes
hereb~~ authorize the deposit and withdrawal of all idle funds in the Local
Agency Investment Fund in the State Treasury in accordance with the
provisions of Section 16479.1 of the Government Cod~ for the purpose of
investment as stated therein.
BE IT FURTHFR RESOLVED that the following five officers o.r their
successors in office shall be authorized to order the deposit or withdrawal
of monies in the Local Agency Investment Fund:
asurer
/~-e ~~ ~ ~ ~
atricia Bernard, ity Clerk
Under the power and authority conferred upon tliis Council by the Charter of said City.
CCRESO I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a(Regular) {Adjourned) (~~); meeting form
on the .llth...----~--._ day of ..._ Februar~.---•----......-• ............. 198:5_., by the
following vote:
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- City Attorney
AYES: Balshaw, Cavanagh, Davis, [nlools.ey, Tencer, V.M. Bond, May,or Mat;tei
NOES: None ,~
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ABSENT: N
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ATTEST: -- - --• ` ,~ '. -- .l ................
City Clerk Mayor
Council File..... .. .... ..._
Form CA 2 7/81 Res. No.....~..~..-~.~....~~S