Resolution No. 133RESOLUTION NO. 133
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CYPRESS AUTHORIZING TIE CITY TREASURER AND THE
DIRECTOR OF FINANCE TO INVEST FUNDS OF THE CITY
AND TO OPEN A BANK ACCOUNT.
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 Cor-
poration such funds for the City as are in excessof the
needs of the City for the period or term of such investment
or deposit.
FURTHER RESOLVED: that the City Treasurer and the Dir-
ector of Finance are authorized and directed to open a
commercial banking account at the Lincoln and Knott Branch
of the Bank of America National Trust & Savings Association,
and to deposit therein the funds of the City as are necess-
ary to meet the City's current obligations, provided that
the checks drawn on such account are signed by any two of the
following: Thomas A. Baroldi, Jacob Van Dyke, John C. Leal,
Fred D. Harber.
PASSED AND ADOPTED by the City Council of the City of
Cypress, California on thisl0th day of October 1960.
ATTEST:
1,2
4f.' cieroe
Thomas A. Baroldi, Mayor
Fred D. Harber City Clerk
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133
Resolution No.