Resolution No. 2576RESOLUTION NO. 2576
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
AND ACTING AS THE EX -OFFICIO GOVERNING BOARD OF DIRECTORS
OF THE CYPRESS RECREATION & PARK DISTRICT, A SUBSIDIARY
DISTRICT OF THE CITY, PROVIDING FOR THE INVESTMENT OF
SURPLUS FUNDS OF THE CITY/DISTRICT.
THE CITY COUNCIL AND ACTING AS THE EX -OFFICIO GOVERNING BOARD OF
DIRECTORS OF THE CYPRESS RECREATION AND PARK DISTRICT, A SUBSIDIARY
DISTRICT OF THE CITY OF CYPRESS, DO HEREBY FIND, RESOLVE, DETERMINE,
AND ORDER AS FOLLOWS:
That Resolutions No. 728 and 876 of the City Council of the City
of Cypress are amended in full to read as follows:
Section 1. Surplus Money.
The City Treasurer and the Finance Director of the City of
Cypress are authorized to invest in those investments allowed
by State Law, City Ordinance, and City Resolution surplus money
in the City/District Treasury, not required for the immediate
necessities of the City/District.
Section 2. Deposit of Funds.
The City Treasurer shall deposit such funds of the City/District as are
necessary to meet the City/District's current obligations in state
or national banks in the State of California, pursuant to Section
53635 of the Government Code, and the money so deposited may be
drawn out pursuant to Section 53642 of the Government Code, by
check or order signed by any two of the following City/District
officials: Mayor, City Treasurer, City Manager, and Finance
Director.
PASSED AND ADOPTED by the City Council of the City of Cypress and acting
as the ex -officio Board of Directors of the Cypress Recreation and Park
District at a regular meeting held on the 25th day of 0 Berber 1982.
ATTEST:
CITY CLERK OF THEA (14Y/0CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) 5S
MAYOR OF THE CITY OF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that
the foregoing Resolution was duly adopted at a regular meeting of the said City
Council held on the 25th day of October 1982; by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Coronado, Lacayo, Partin, Rowan, and Mullen
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
,/,/;2/2(/ (-).//
CITY CLERK OF THE CITY' OF CYPRESS