1982-01 RESOLUTION NO. 82- 01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, AUTHORIZING INVESTMENT
OF GRAND TERRACE MONIES IN LOCAL AGENCY INVEST-
MENT 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 purposes of investment by the State Treasurer; and
WHEREAS, the City Counci-1 of the City of Grand Terrace 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 is in the best interests
of the City of Grand Terrace;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Grand Terrace does hereby authorize the deposit and withdrawal of the City of
Grand Terrace 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:
.Seth Armstead, City Manager
Edward R. Clark, Finance/Administrative Services Officer
Ray Robles, Accountant
ADOPTED this 14th day of January, 1982.
ATTEST:_
Ci-ty C rk of the City o rand or of the n Terrace
%'-Terra _--a:6d of the City ouncil and of the C ty Cou ereof.
Approved as to form:
City Attorney
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss.
CITY OF GRAND TERRACE )
I, MYRNA ERWAY, City Clerk of the City of Grand Terrace, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted by the City Council of
said City at a regular meeting of the City Council held on the 14th . day of
January, 1982, and that it was so adopted by the following vote:
AYES: Councilmen Petta, Nix, and Rigley;
Mayor Tillinghast.
NOES: None.
ABSENT: Councilman Grant.
-City Cl k of the City of Gra-q eroce
and of he City Council there -. _ =
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss.
CITY OF GRAND TERRACE )
I, MYRNA ERWAY, City Clerk of the City of Grand Terrace, DO HEREBY
CERTIFY that the above and foregoing is a full , true, and correct copy of
Resolution No. 82-01 of said City, and that the same has not been amended or
repealed.
DATED: January 14, 1982.
r
City ClKft of the City of 'Grd�►""}}�� Terrace
and of he City Council theirs-f o