HomeMy WebLinkAboutReso. 1984 - 262 - Authorizing the investment of City monies in the Local Agency Investment Fundw � �
RESOLUTION NO. F
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE INVESTMENT OF CITY OF REDDING MONIES IN THE
LOCAL AGENCY INVESTMENT FUND.
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976,
Section 16429.1 was added to the California Government Code to
create a Local Agency Investment Fund in the State Treasury for
the deposit of money of a local agency for the purposes of
investment by the State Treasurer; and
WHEREAS, the City Council of the City of Redding does hereby
find that the deposit and withdrawal of money in the Local Agency
Investment Fund in accordance with the provisions of Section
16329.1 of the California Government Code for the purposes of
investment as stated therein is in the best interests of the City
of Redding.
NOW, THEREFORE, BE IT RESOLVED that the City Council does
hereby authorize the deposit and withdrawal of City of Redding
monies in the Local Agency Investment Fund in the State Treasury
in accordance with the provisions of Section 16429.1 of the
California Government Code for the purpose of investment as
stated therein.
BE IT FURTHER RESOLVED that the following City of Redding
officers or their successors in office shall be authorized to
order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
Beverly J. Cassaday Treasurer
Peggie R. Linville Deputy Treasurer
N�
1
I HEREBY CERTIFY that the foregoing resolution was intro-
duced and read at a regular meeting of the City Council of the
City of Redding on the 19th day of November , 1984, and
was duly adopted at said meeting by the following vote:
AYES:
COUNCIL
MEMBERS:
Demsher, Fulton, Gard, Pugh, & Kirkpatrick
NOES:
COUNCIL
MEMBERS:
None
ABSENT:
COUNCIL
MEMBERS:
None
ABSTAIN:
COUNCIL
MEMBERS:
None
ATTEST:
ETHEL A. NICHOLS, City Clerk
FORM AP ROVED:
P-11TIALL A. HAYS, i Attorney
HOWARD D. KIRK ATRICK, Mayor
City of Redding
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