HomeMy WebLinkAboutRES 89-40RESOLUTION NO. 89-40
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF DIAMOND BAR AUTHORIZING THE
DEPOSIT AND WITHDRAWAL OF MONIES IN AND
FROM THE LOCAL AGENCY INVESTMENT FUND
IN ACCORDANCE WITH GOVERNMENT CODE SECTION
16429.1 FOR THE PURPOSES OF INVESTMENT
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976,
California Government Code Section 16429.1 was added to create a
Local Agency Investment Fund in the State Treasury for the
deposit of money of a local agency (municipality) for purpose of
investment by the State Treasurer; and
WHEREAS, the City Council of the City of Diamond Bar does
hereby find that the deposit and withdrawal of money in the Local
Agency Investment Fund, in accordance with government Code
Section 16429.1 for the purposes of investment as stated therein,
is in the best interests of the City of Diamond Bar.
NOW, THEREFORE, be it resolved that the City Council of the
City of Diamond Bar does hereby authorize the deposit and
withdrawal of City monies in Security Pacific Bank Account No.
734 104678 in the Local Agency Investment Fund in the State
Treasury in accordance with the provisions of Government Code
Section 16429.1.
BE IT FURTHER RESOLVED that the following City officers or
their successors in office are hereby authorized to order the
deposit of monies in the Local Agency Investment Fund
Robert L. Van Nort City Manager
Tommye A. Nice Deputy City Clerk
ADOPTED, APPROVED AND APPROVED this 6th day of June, 1989
ADOPTED, APPROVED AND APPROVED this 6th day of June, 1989
A
I, Robert L. Van Nort, City Clerk of the City of Diamond
Bar, do hereby certify that the foregoing Resolution was
introduced at a regular meeting of the City Council of the City
of Diamond Bar held on the 6th day of June, 1989, and was finally
passed at a regular meeting of the City Council of the City of
Diamond Bar held on the 6th day of June, 1989, by the following
vote:
AYES: Council Members: Miller, Forbing, Werner,
Mayor Pro Tem Horcher and
Mayor Papen
NOES: Council Members: None
ABSENT: Council Members: None `
ABSTAINED: Council Members: Non
ATTE
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