Resolution No. 1917RESOLUTION NO 1917
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF CYPRESS AUTHORIZING INVEST-
MENT OF FUNDS DEFERRED PURSUANT TO THE
CITY EMPLOYEES' DEFERRED COMPENSATION
PLAN, WITH GLENDALE FEDERAL SAVINGS
AND LOAN ASSOCIATION, AND AUTHORIZING
THE EXECUTION OF AGREEMENTS RELATED
TO SAID INVESTMENT
WHEREAS the City Council of the City of Cypress has
established a Deferred Compensation Plan for its employees
in accordance with Federal and State law and regulations and
WHEREAS, the City Council now finds that it would be
for the benefit and in the best interests of the City and
the employees to invest funds deferred pursuant to said
Deferred Compensation Plan with Glendale Federal Savings and
Loan Association
NOW THEREFORE BE IT RESOLVED by the City Council of
the City of Cypress that all or a portion of the funds deferred
pursuant to said Plan be invested with Glendale Federal Savings
and Loan Association and that the City Manager is hereby
authorized to enter into a deposit agreement with Glendale
Federal Savings and Loan Association for deposit of Plan funds
PASSED AND ADOPTED at a regular meeting of the City Council
of the City of Cypress on the 14th day of November 1977
ATTEST
(9.1--.Aff"(
MAYOR OF THE CITY OF CYPRESS
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CITY CLER OF THE CITY OF CYPRESS
STATE OF CALIFORNIA ) SS
COUNTY OF ORANGE )
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 14th
day of November, 1977, by the following roll call vote
AYES• 3 COUNCILMEN• Lacayo, Sonju and Hudson
NOES. 0 COUNCILMEN. None
ABSENT• 1 COUNCILMEN: MacLain
CITY CLERK OF THE CITY OF CYPRESS