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RESOLUTION NO. 1240.
A RESOLUTION OF THE CITY OF ARCADIA AUTHORIZING AND DIRECT-
ING THAT CERTAIN FUNDS OF THE CITY OF ARCADIA BE INVESTED IN OBLIG/iTIONS
01' THE UNITED S'l'ATES.
THE CITY COUNCIL OF THE CITY OF ARCADIA DO;;;3 RESOLVE AS
FOLLO\7S:
SECTION l. WHEREAS, the City of Arcadia, a municipal
corporation, has surplus money in the treasury of said City in excess
of Twenty Five Thousand (~25,OOO) Dollars, by reason of the depreciation
reserve fund of the Water Department of said City of Arcadia, and
WHEREAS, this Council deems it expedient that a portion
of said funds be invested in obligations of the United States,
NOW, THLREFORE, BE IT RESOLVED, that the City of Arcadia,
a municipal corporation, invest Twenty Five Thousand ($25,000) Dollars
in Certificates of Indebtedness, Series B-1944, of the United States,
and that said Certificates of Indebtedness be purchased in the
following denominations:
I
Three (3) Certificates of Five Thousand ($5,000) Dollars each,
Ten (10) Certificabes of One Thousand ($1,000) Dollars each.
BE IT FURTHER RESOLVED, that said sum of Twenty Five
Thousand ($25,000) Dollars be invested from the Depreciation Reserve
Fund of the Water Department of said City and that upon the redemption
of said Certificates of Indebtedness the funds received from said
redemption be reallo~ated to said Depreciation Reserve fund of the
Water Department of said City.
SECTION 2. The City Clerk shall certify to the adoption of
this Resolution.
I hereby certify that the foregoing Resolution was adopted
at a
X-8RUlar
~eeting of the City Council of the City of Arcadia,
held on the~~ay of April, 1943, by the affirmative vote of at least
three Councilmen, to-wit:
AYES: COtUlcilmen Adcock,
NOES: None
ABSENT: None
Signed and approved tllnis2~ay of
Jones, Leeper, Nugent and Ormsby
h~~
April , 1943.
ATTEST:
~_~":Jt ~
City Cler~
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ayor