Resolution No. 174RESOLUTION NO. 174
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
AUTHORIZING THE CITY TREASURER AND THE DIRECTOR OF FINANCE
TO INVEST FUNDS OF THE CITY OF CYPRESS
RESOLVED: That the City Treasurer and the Director of Finance
of the City of Cypress are authorized to invest in 90 -day treasury
notes or savings accounts in a national or state bank insured by
the Federal Deposit Insurance Corporation such funds for the City
as are in excess of the needs of the City for the period or term
of such investment or deposit.
FURTHER RESOLVED: That the City Treasurer and 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 obligations,
provided that the checks drawn on such account are signed by any
two of the following: Thomas Baroldi, Jacob Van Dyke, John C.
Leal, Robert K. Rogers.
PASSED AND ADOPTED by the City Council of the City of Cypress,
California on this 15Th day of May 1961.
Resolution No.
THOMAS A. BAROLDI, MAYOR