HomeMy WebLinkAboutResolution 97-179 07/21/1997 RESOLUTION NO. s~-l7s N.C.S.
of the City of Petaluma, California
1 RESOLUTION AUTHORIZING CITY TREASiJRER TO
2 SELL, ASSIGN AND ENDORSE FOR TRANSFER SEVEN SHARES
3 OF MAXICARE HEALTH PLANS, INC. STOCK
4
5 WHEREAS, the City received seven shares of Maxicare Health Plans, Inc. stock in an
6 insurance payment for ambulance service, and;
7
8 WHEREAS, the stock value has risen to an amount that supports active trading.
9
10 NOW, THEREFORE BE IT RESOLVED, by the City Council that David W.
11 5pilman, as City Treasurer, is hereby authorized to sell, assign and endorse for transfer, two
12 certificates representing seven shares of Maxicare Health Plans, Inc. stock now registered in the name
13 of the City of Petaluma, a municipal corporation.
14
15 BE IT FURTHER RESOLVED, that the net proceeds from the sale of the stock are
16 to be deposited inthe Ambulance Services fund.
Under the power and authority rnnfermd upon this Council by the Charter of said City.
REFEKENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
0
Council of the City ofPetaluma at a (Regular) (i/YdQdkC$~ElEE91~ meeting
on the ..21St day of .............Jul..y......................................~ 19fl.7.._., by the
following vote: ........._...j.~...(.!........- .
City Attome ~
AYES: Read, Keller., Stomps, Torliatt, Maguire, Mayor Hilligoss
NOES: None
ABSENT: Vice M Hamilt ;
ATTEST: ......L~~(~.~._
City Clerk MayorA~. ~ . ~ . /
Cbunril File.._..._
CA IO~RS kes. Yu _.....~.7.-17.9,.... N.QS.