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HomeMy WebLinkAbout0517 Resolutioni� RESOLUTION NO,' A RESOLUTION AUTHORIZING THE CITY TREASURER TO INVEST SURPLUS FUNDS, AS FOLLOWS: THE CITY COUNCIL OF THE CITY OF PASCO, DO RESOLVE Section 1, The City Treasurer is hereby authorized to make the following investments in United States Certificates of Indebtedness for a period of approximately ninety days: 1. Water -Sewer, P & I, 1954 $5, 500, 2. Water -Sewer, P' & I, 1957 8, 000• 3. Arterial Street Fund (upon the maturity of a United States bill on September 27, 1962) 22, 850. Section 2, The City Treasurer is hereby authorized to invest the following money in a separate account of not over $10, 000 in the Yakima Federal Savings and Loan Association, Pasco, Washington: Arterial Street Fund $10, 000. Section 3. The City Treasurer is hereby authorized to invest the following money in a separate account of not over $10, 000 in the 'Fide'lity Savings & Loan Association, Pasco, Washington: Arterial Street Fund $10,000. Section 4. The City Treasurer is hereby authorized to invest the following money in a separate account of not over $10, 000 in the Liberty Savings and Loan Association, Kennewick, Washington: Firemenis Relief and Pension Fund $5, 000. Section 5. The City Treasurer is hereby authorized to invest the following money in a separate account of not over $10, 000 in the Walla Walla Federal Savings and Loan Association, Kennewick, Washington: Firements Relief and Pension Fund $5, 000. L r� Section 6. The investment of the,monies in the Firemen's Relief and Pension Fund has been approved by the Firemen's Relief and Pension Board. Section 7; These investments have all been approved by the Finance Committee of the City of Pasco. PASSED by the City Council and APPROVED by the Mayor this '-^��,•� day of /� ��'_i' i� 1962.. 7 — — c� ATTEST: zI-`- CITY. CLERK_, -.:j APPR D AS TO FORM- .. .. CI, Y At TORNEY. MAY -OR