R-4853
RESOLUTION NO. 4853(CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA AUTHORIZING
INVESTMENT OF CITY MONIES IN LOCAL
AGENCY INVESTMENT FUND.
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE
AS FOLLOWS:
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 purposes of investment by the State Treasurer;
and
WHEREAS, the City Council does hereby find that the deposit
and withdrawal of money in the Local Agency Investment Fund in accordance
with the provisions of Section 16429.1 of the Government Code for the
purposes of investment as stated therein as in the best interests of the
City of Santa Monica.
NOW THEREFORE, BE IT RESOLVED that the City Council does hereby
authorize the deposit and withdrawal of City monies 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 therein.
BE IT FURTHER RESOLVED that the following City officers or their
successors in office shall be authorized to order the deposit or withdrawal
of monies in the Local Agency Investment Fund: Robert H. Nash, Director of
Finance-City Controller; Kay Watanabe, Assistant Director of Finance/City
Treasurer.
PASSED AND ADOPTED by the City Council of the City of Santa
Monica, State of California, on the 12th
day of April
1977 .
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Mayor
ATTEST: (
I hereby certify that the foregoing resolution was duly
adopted by the City Council of the City of Santa Moni ca at a regular
April
1977; that
meeting thereof, held on the 12th day of
thereafter the said resolution was duly adopted at a meeting
of the City Council on the 12th day of April, 1977 by the
following vate:
AYES:
Counci1persons:
Cohen, Judson, Reed, Swink,
van den Steenhoven, Trives
NOES:
Council persons:
None
ABSENT:
Counci1persons:
McCloskey
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Acting City Clerk
APPROVED AS TO FORM:
City Attorney
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