HomeMy WebLinkAbout056-03RESOLUTION NO. 56-2003
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the statutes of 1976 Section 16429.1 was added to
the California Government Code to create a Local Agency Investment Fund in the State
Treasury for the deposit of money of a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, the Danville Town Council does hereby find that the deposit and withdrawal
of money in the Local Agency Investment Fund in accordance with the provisions of
Section 16429.1 of the Government Code for the purpose of investment as stated therein is
in the best interests of the Town of Danville; now, therefore, be it
RESOLVED, that the Danville Town Council does hereby authorize the deposit and
withdrawal of Town of Danville monies in the Local Agency Investment Fund in the State
Treasury in accordance with the provisions of Section 16429.1 of the Government Code for
the purpose of investment as stated therein, and verification by the State Treasurer's Office
of all banking information provided in that regard; be it further
RESOLVED, that the following Town of Danville officers and designated employees, or
their successors in office or employment, shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
Joseph A. Calabrigo Elizabeth Hudson Betty Yu
Name Name Name
Finance Director/Treasurer
Town Manager
Title
Title
SigJa~u~e
Accounting Supervisor
Title
APPROVED, by the Danville Town Council at a regular meeting on June 3, 2003, by the
following vote:
AYES:
NOES: None
ABSTAINED: None
ABSENT: None
Shimansky, Arnerich, Doyle, Greenberg, Stepper
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK
PAGE 2 OF RESOLUTION NO. 56-2003