Resolution No. 185031
RESOLUTION NO 1850
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CYPRESS AUTHORIZING INVESTMENT
OF CITY 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 City 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
purposes of investment as stated therein as in the best interests of the
City of Cypress
NOW THEREFORE, BE IT RESOLVED that the City Council of the City
of Cypress does hereby authorize the deposit and withdrawal of City 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
BE IT FURTHER RESOLVED that the following City officers or their
successors in office shall be authorized to order the deposit or with-
drawal of monies in the Local Agency Investment Fund Darrell Essex,
City Manager Dennis Davenport, Treasurer and Leroy E Powell Jr ,
Finance Officer
PASSED AND ADOPTED by the City Council of the City of Cypress at a
regular meeting held on the llth day of April 1977
MAYOR OF THE CITY OF CYPRESS
ATTEST
d-rI:I:2"�/CITYK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
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 llth day of April 1977, by
the following roll call vote
AYES. 4 COUNCILMEN' Harvey Hudson, Lacayo and MacLain
NOES' 0 COUNCILMEN None
ABSENT 1 COUNCILMEN. Sonju
CITY CLERK 0 THE C Y OF CYPRESS