HomeMy WebLinkAbout0464 ResolutionRESOLUTION NO'
A RESOLUTION AUTHORIZING THE, INVESTMENT OF THEI,SUM OF . $151000
FRONT iT'HE','FIREMEN'S RELIEF AND PENSION FUND
W HEREAS, the C i ty C6u nc i L. of the C i ty of Pasco is des i rous of i nvesti ng
the sum -of $15, 000 -from, the Firemen's Relief and Pension Fund in Government Bonds
or notes, and
WHEREAS, said investment has been recommended by the Firemen's Re - I ief
and'. Pen.s.ion Board and the City Finance ,Committee of the City of Pascoj and
'WHEREAS, said investment is for.1hebest interests of the City of Pasco;
NOW; THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVEAS FOLLOWS:
Section, I.
The City Treasurer of the City of Pasco ishall invest the sum of $15:,000 -from
the Firemen's Re Hlef'and Pensi on, F0 nd i,n G byeirnme6t Bonds and notes in �such. manner,
and denom'inatidns as she deems most advisable.
Section 2.
The aforesaid securities may be .converted_ to cash on :maturity by the City.
Treasurer without further- resolution.
-,PASSED by the. City Council and -APPROVED by. the Mayor this 2nd day of
August, -1960i,
M Y 0 R
Attest:
City Clerk
'o
Ap �o2ed at to For
to
City Attorney