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RESOLUTION NO. 1265.
A RESOLUTIon OF THE CITY OF ARCADIA AUTHORIZING AND DIRECT-
ING THAT CERTaIN FUNDS OF THE CITY OF ARCADIA BE INVESTED IN OBLIGATIOHS
OF THE UNITED STATES.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS
FOLLOWS:
SECTION 1. VmEREAS, the City of Arcadia, a municipal
corporation, has money in the treasury of said Cit7 in excess of
Fifty Thousand ($50,000) Dollars, by reason of the deprociation 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, THEREFORE, BE IT RESOLVED, that the City of. Arcadia,
a municipal corporation, invest Fifty Thousand ($50,000) Dollars in
Certificates of Indebtedness, Series E-1944, of the United States, and
that said Certificates of Indebtedness be purchased in the following
denominations:
Ten (10) Certificates of Fivo Thousand ($5,000) Dollars
each,
BE !T FURTHER RESOLVED, that said sum of Fifty Thousand
($50,000) 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
reallocated 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 cej~tify that the foregoing Resolution was adopted at
a regular meeting of the Ci ty Council of the City of Arcadia, held on
the 21st day of september,
three Councilmen, to-wit:
AYES: Councilmen
NijES: None
Absent: None
1943, by the affirmative vote of at least
Adcock, Jones, Leeper, Nugent and Ormsby
Signed and approved this 21st day of
~1~
September . 1943.
ATTEST: ~
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Cit"l' ler.
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l~ayor