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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
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Billig, Leeper, Nugent and Ormsby
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of Dece",jer, 1944.
,;:S:l:::;ned and ap:rg;oved this 19th day
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