HomeMy WebLinkAbout0493 Resolution1.
RESOLUTION NO, ��1-�
A RESOLUTION AUTHORIZING THE CITY TREASURER TO INVEST
CERTAIN MONIES.'
WHEREAS, there are'monie,s,in the following funds available for
investment: Arterial Street Fund, Cemetery Trust Fund, and Firemens'
Relief and Pension Fund, and
WHEREAS, the Finance Committee of the City of Pasco has
recommended investment of said monies and the Firemens' Relief and
Pension Board has recommended the investment of the inactive monies of
the Firemen's' Relief and Pension Fund, and
WHEREAS, said investments are for the best interests of the City
of Pasco, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS
FOLLOWS:
Section 1. The sum of approximately $20, 000 from the Arterial
Street Fund .shall be invested by the City, Treasurer in ninety -day United
States Certificates', of Indebtedness.
Section 2. The sum of approximately $3, 000 from the Cemetery
Trust Fund shall be invested by the City Treasurer in five or ten-year
United States bonds or certificates of indebtedness.
Section 3. The sum of approximately $10, 000 from the Firemens'
Relief and Pension Fund shall be invested by the City Treasurer in five or
ten-year United States Bonds or Certificates -of Indebtedness.
Section 4. The City Treasurer may convert the aforesaid investments
into cash at the. expiration of each investment period set forth above and
deposit said monies together with interest in the appropriate fund from which
the investment was made.
PASSED by the City Council, and APPROVED by the Mayor this 21 st
day of November,. 1961,
ATTEST:
City- Clerk_ _ ..
Approved as to form:
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M.. a- Y , o.. r..