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.
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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