1988-133-Authorizing Deposit Or Withdrawal Of Town Funds In The State Local Agency Investment FundRESOLUTION NO. 1988 -133
RESOLUTION AUTHORIZING DEPOSIT OR WITHDRAWAL OF TOWN FUNDS
IN THE STATE LOCAL AGENCY INVESTMENT FUND
WHEREAS, The Town recognizes that use of the State Local Agency Investment
Fund for investment purposes may from time to time be more advantageous to the
Town than other investments;
WHEREAS, BE IT RESOLVED that the Town agrees to deposit or withdraw money
in the State Local Agency Investment Fund in the State Treasury in accordance
with the provisions of Section 16249.1 of the Government Code for the purpose
of investment as stated therein; and
BE IT FURTHER RESOLVED, that Joan Schreiner, Appointed Town Treasurer, is
authorized to order the deposit or withdrawal of funds in the State Local
Agency Investment Fund.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 20 day of June 1988 by the
following vote:
AYES: COUNCIL MEMBERS Thomas J Ferrito Robert L. Hamilton
Brent N. Ventura and Mayor Eric D. Carlson
NOES: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS Joanne Benjamin
SIGNED: ° - -
MAYOR OF THE TOWN OF LOS GATOS
ATTEST:
CLERK F THE TOWN OF LOS GATO