Resolution No. 272102
RESOLUTION O. 272
A RESOLUTION OF nw, CITY COUNCIL OF THE CITY OF =LESS
MITHORIZINC THE CITY TREASURER AND THE DIRECTOR OF FINANCE
TO INVEST FUNDS OF THE CITY OF CYPRESS.
RESOLVED: That the City Treasurer !dnd the Direct(P: of Finance
of the City of Cypress n.re L,uthorized to invest in 90-dy treasury
notes or savings accounts in a. national or state bank insured by th,.
Federal Deposit Insurance Corporation such funds for the City
in excess of the needs of the City for the Period or term of such
investment or deposit.
FURTHER TTSOLVED: That the City Treasurer nJ the Director of
Finance are authorized and directed to deposit therein the funds of
the City as are necessary to meet the City's current o'!Dligations,
-provided that the cheeks drawn on such account are signed ty soj two
of the following:
Jacob Van Dyke, Frank P. Noe, John C. Leal, Darrell Esex.
PASSED AND IWOPTED by the City Council of the City of Cypress,
California. on this 1th day of June, 1962.
Resolution No. 272