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RESOLUTION NO. 2763
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ARCADIA, CALIFORNIA,
AUTHORIZING AND DIRECTING INVESTMENT
OF AVAILABLE FUNDS AND RESCINDING
RESOLUTION NO. 271B.
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 $200,000.00.
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 $200,000.00 of such surplus in any of the fol-
lowing, to wit: United states 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. That Resolution No. 2718, entitled "A RESOLU-
TION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AUTHORI-
ZING AND DIRECTING INVESTMENT OF AVAILABLE FUNDS", adopted December 6,
1955, be and the same is hereby rescinded.
SECTION 4. The City Clerk shall certify to the adoption
of this Resolution.
I HEREBY CERTIFY that the foregoing Resolution was adopted
adjourned
at rofregular meeting of the City Council of the City of Arcadia,
held on the 10th day of April, 1956, by the affirmative vote of at
least three Councilmen, to wit:
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ATTEST:
AYES: Councilmen Camphouse, Dennis, Dow, Hulse and Phillips
NOES: None
ABSENT: None
~<ht
~J. Y er 0 the City 01' Arcadia
SIGNED AND APPROVED this lOth day of April, 1956.
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(SEAL)
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