HomeMy WebLinkAboutResolution No. 35720 0
RESOLUTION NO. 3572
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA PROVIDING FOR THE INVESTMENT OF SURPLUS
MONEY IN THE CITY TREASURY.
The City Council of the City of Azusa does resolve as
follows:
SECTION 1. The City Council does hereby find, determine
and declare that there is, from time to time, surplus money in the
treasury of the City which is not required for the immediate neces-
sities of the City and that such funds should be invested pursuant to
the provisions of Sections 53600 et seq, of the Government Code of the
State of California.
SECTION 2. The City shall invest portions of said surplus
funds by purchasing out of said funds from time to time such amount
or amounts of 91 -day United States Treasury Bills as the City Council
shall specify by motion or resolution.
SECTION 3. The City Treasurer is authorized and directed
to carry out the provisions of this resolution.
SECTION 4. All previous purchases of 91 -day United States
Treasury Bills out of surplus funds of the City are hereby ratified
and confirmed.
SECTION 5. Resolution No. 3565, adopted the 7th day of
January, 1957, is hereby repealed.
SECTION 6. The City Clerk shall certify to the adoption
of this resolution.
Adopted and approved this 21st day of January, 1957•
I hereby certify that the foregoing resolution was duly
adopted by the City Council of the City of Azusa at a regular meeting
thereof held on the 21st day of January, 1957, by the following vote
of the Council:
AYES: Councilmen: Fawcett, Ortuno, Johnson, Romero, Memmesheimer
NOES: Councilmen: None
ABSENT:Councilmen: None