HomeMy WebLinkAboutCity Council - 4436 RESOLUTION NO . 4436
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF HUNTINGTON BEACH EXPRESSING ITS INTENTION
TO PARTICIPATE IN THE STATE TREASURER'S LOCAL
AGENCY INVESTMENT FUND AND AUTHORIZING THE CITY
TREASURER TO MAKE DEPOSITS AND WITHDRAWALS
FROM SAID FUND
WHEREAS, Sections 16429 . 1 et seq. of the Government Code
created the Local Agency Investment Fund in the State Treasury;
and
With the approval of its governing body, any local govern-
mental agency having money in its treasury not required for
immediate needs may remit such money to the State Treasury for
deposit in the Local Agency Investment Fund for the purpose of
investment; and
Money in the fund shall be invested to achieve the objective
of maximum return consistent with safe and prudent treasury manage-
ment; and
Before any deposits will be accepted, the local government
agency must file a resolution with the State Treasurer,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Huntington Beach that it desires to participate in the
State Treasurer' s Local Agency Investment Fund and hereby agrees
to deposit or withdraw money in said fund in accordance with the
provisions of Sections 16429 . 1 et seq of the Government Code for
the purpose of investment as stated therein.
BE IT FURTHER RESOLVED that Warren G. Hall, City Treasurer
of the City of Huntington Beach, is hereby authorized to order
deposits or withdrawals of money in the Local Agency Investment
Fund.
The City Clerk is directed to send a certified copy of this
resolution to Jesse M. Unruh, Treasurer of the State. of California.
WSA: cs 1 .
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the 21st
day of March, 1977 •
ATTEST: `� 1
Alicia M. Wentworth
City Clerk �Ma
Deputy City Clerk
REVIEWED AND APPROVED : APPROVED AS TO FORM:
C y Administrators City At o
INITIATED AND APPROVED
AS TO CONTENT •
j
Cil NO FISCAL IMPACT
--/V—,—
FISCAL
FISCAL Re =�
REQUIRES FINANCIAL I"PACT REOORT._._.
2
Res. No. 4436
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) as:
CITY OF HUNTINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of more than a majority of all the members of said City Council
at a regular meeting thereof held on the 21st day
of March 19 77 by the following vote:
AYES: Councilmen:
Bartlett, Pattinson, Coen, Gibbs, Siebert, Shenkman Wieder
NOES: Councilmen:
None
ABSENT: Councilmen:
None
Alicia M. Wentworth
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California
By
_ &AL�
Deputy City Clerk