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RESOLUTION NO. 2718
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ARCADIA, CALIFORNIA,
AUTHORIZING AND DIRECTING INVESTMENT
OF AVAILABLE FUNDS.
THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES
DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. That there are presently on hand in the city
treasury, not required for the immediate necessities of the City
of Arcadia, funds in excess of $100,000.00.
SECTION 2. That pursuant to Title 5, Division 2, Part 1,
Chapter 4, Article 1, of the California Government Code, the Con-
troller, Treasurer and City Manager be and they are hereby author-
ized to invest up to $100,000.00 of such surplus in any of the
following, to ~Tit: United Stat~s Treasury bills, United States
Treasury notes and United States Treasury anticipation notes. Any
of the foregoing may be purchased in blocks up to $50,000.00 at
such times as the foregoing officers deem most advisable.
SECTION 3. The City Clerk shall certify to the adoption
of this Resolution.
I HEREBY CERTIFY that the foregoing Resolution was adopted
at a regular meeting of the City Council of the City of Arcadia,
held on the 6th day of December, 1955, by the affirmative vote of
at least three Councilmen, to wit:
AYES: Councilmen Camphouse, Dennis, Dow, Hulse and Phillips
NOES: None
ABSENT: None
tr~~f11~ty
SIGNED AND APPROVED th s
of Arcadia
ATTEST:
rJm~tJi-u14
City Clerk
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2718