HomeMy WebLinkAboutResolution No. 24671
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RESOLUTION NO. 3467
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
AUTHORIZING THE INVESTMENT OF MONEY. IN THE RESERVE
FUND OF THE LIGHT DEPARTMENT IN UNITED STATES
GOVERNMENT BONDS.
The City Council of the City of Azusa does hereby resolve as
6 follows:
7 Section 1. It appearing from the report of the City
8 Auditor of the City of Azusa that there is money in a light reserve
9 fund of the Light: Department of the City of Azusa which is not
10 required for the immediate necessities of the City of Azusa and it
11 being determined that it is expedient to invest a portion thereof
12 in United States Government Bonds.
13 Section 2. It is resolved that the Treasurer of the City
14 of Azusa be, and he is hereby instructed to purchase United States
15 Government Bonds, Series F, in the sum and, par value of $25,000.00,
16 said bonds to be purchased in units of two bonds of the value of
17 $10,000.00 each, and one bond of the value of $5,000.00. Said bonds
18 to be purchased at not to exceed par.
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23 ATTEST:
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25 �`� 7
m. A. i NES, ty er of the
26 City of Azus .
27 Passed, approved and adopted on
the ¢th dati r,f'
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KARLJ. JUNE
Mayor of the City of Azusa.
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