HomeMy WebLinkAboutResolution No. 3565RESOLUTION NO. 3565
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA PROVIDING FOR THE INVESTMENT OF SURPLUS
MONEY IN THE 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 surplus money in the treasury of the City
which is not required for the immediate necessities of the City in
excess of the sum of $300,000, and that such funds, or some portion
thereof, should be invested pursuant to the provisions of Sections
53,600 et seq, of the Government Code of the State of California.
SECTION 2. That the City purchase out of said monies
91 -day United States Treasury Bills in the amount of $300,000 and
that hereafter the City maintain an investment in said United States
Treasury Bills so long as it has sufficient surplus funds, in an
amount of not less than $50,000 nor more than $300,000.
SECTION 3. The City Clerk shall certify to the adoption
of this resolution.
Adopted and approved this 7th day of January, 1957.%
XL� AA.2:-- -
ayor
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 7th day of January, 1957, by the following vote
of the Council:
AYES: Councilmen: Ortuno, Johnson, Romero, Memmesheimer
NOES: Councilmen: None
ABSENT:Councilmen: Fawcett
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city Clerx