HomeMy WebLinkAboutResolution No. 76890 0
RESOLUTION NO 7689
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
AUTHORIZING THE USE OF THE LOCAL AGENCY INVESTMENT FUND
UNDER THE OFFICE OF THE CALIFORNIA STATE TREASURER AS
AN INVESTMENT MEDIA ALTERNATIVE.
WHEREAS Article II (commencing with Section 16429.1) has been added to Chapter
2 of Part 2 of Division 4 of Title 2 of the Government Code; and
WHEREAS this Government Code addition provides for the creation of the Local
Agency Investment Fund under the office of the California State Treasurer
and the establishment of the Local Investment Advisory Board and prescribes
various duties for the Board; and
WHEREAS it is deemed wise and prudent to establish an account with the office of
the California State Treasurer for the purpose of using the Local Agency Invest-
ment Fund as an investment media alternative.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA DOES HEREBY RESOLVE
AS FOLLOWS:
SF.CTTnN I
That the City Council of the City of Azusa hereby authorizes the establishment
of an investment account with the office of the California State Treasurer Local
Agency Investment Fund titled:
City of Azusa
213 E. Foothill Blvd.
Azusa, CA 91702
Attention: Robert E. Talley
City Treasurer
SFrTTON 9
That the City Council of the City of Azusa agrees to deposit or withdraw money
in the Local Agency Investment Fund in the State Treasury in accordance with
the provisions of Section 16429.1 of the Government Code for the purpose of
investment as stated herein.
SF.CTTON I
That the City Council of the City of Azusa authorizes the following named
officials to order the deposit or withdrawal of money in the Local Agency
Investment Fund:
Robert E. Talley, City Treasurer
Jeanette Linn, Deputy City Treasurer.
I
E
Resolution No
Page 2
ADOPTED AND APPROVED THIS 15th
day of
u
April 1985.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of Azusa at a regular meeting hereof held on the 15th
day of April 1985, by the following vote of Council:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS
;10 ' CLERK
CRUZ, COOK, CAMARENA, LATTA, MOSES
NONE
WON