Loading...
HomeMy WebLinkAbout1346 RESULUTION NO. l346. RESOLU'rION OF 'l'till CrN OF ARCJ...DIA AUTEORIZING AND DIRECTING THAT CERTAIN FUNDS OF THE CITY OF ARCADIA BE INVESTED IN 03LIGATIONS OF 'PHE Uj.iITED STATES OF M.IERL::A. THE CITY COUNCIL OF THE CITY OF ARCADIA DUES RESULVE AS FOLLOrrS: SEC1'ION 1. WHEREAS, the City of Arcadia, a municipal corporation, has money in the treasury of said City in excess of One Hlmdred Thousand ($100,000.00) Dollars, and wn:SREAS, t;1is Council deems it expedient that a portion of said funds be invested in oblisations of the United States of America, NOW, T3E~FORE, BE IT R2S0LVED, that the City of ArcaJia invest in certificates of indebtedness Series "E" of the United states of P~erica in the sum of One Hundred Thousand ($100,000.00) Dollars, and that said certificates of indebtedness be purchased in denominations of Ten Thousand ($10,000.00) Dollars each, from the following fund accounts, to-~it: General Fund ~ 40,000.00 \"later Fund 30,000.00 I'later Department Depreciation Reserve Fund 30,000.00 BE IT FtJRTHI:;!1 RESOLVED that upon the redemption of said certificates of indebtedness by the United States of America, the funds received from said redemption be reallocated to the respective fund accounts from ~hich the same are herein ordered purchased. SECT 101; 2. The City Clerk shall certify to the adoption of this Resolution. I hereby certify that the foregoin3 Resolution ~as adopted at a regular meeting of the City Council of the City of Arcadia, held on the 19th day of December, 1944, by the affirmative vote of at l~ast three Councilmen, to-~it: AYSS: Councilmen, Adcock, NOES: None ABSEJ:T: None ~~.." ......." / - -~-:",' Billig, Leeper, Nugent and Ormsby ~~~ of Dece",jer, 1944. ,;:S:l:::;ned and ap:rg;oved this 19th day - ~~> ../' City C1ork. - ?n.~~ 1,layor , ' 'ATTEST :-