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HomeMy WebLinkAbout0521 Resolutione 91 f RESOLUTION NOW A RESOLUTION.\AUTHORIZING THE CITY TREASURER TO INVEST .SURPLUS FUNDS THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS FOLLOWS: Section 1. The City Treasurer is hereby authorized to make the following investments in United States Certificates of Indebtedness for a period of approximately 90 days: Arterial Street Fund $ 9,000 Firemen's Relief & Pension Fund 10,000 Library Construction & Acquisition Fund 12,000 Section 2. The City Treasurer is hereby authorized to invest the following monies in separate accounts never exceeding $10,000 in the Walla Walla Federal Savings & Loan Association, Kennewick, Washington: Consumers Deposit Fund $ 2,000 Arterial Street Fund 10,000 Firemenb Relief & Pension Fund 5,000 Section 3. The City Treasurer is hereby authorized to invest the following monies in separate accounts never exceeding $10,000 in the Liberty Savings & Loan Association, Kennewick, Washington: Arterial :Street Fund Firemen`s Relief & Pension Fund $10,000 5,000 Section 4. The City Treasurer is hereby authorized to invest the following monies in separate accounts never exceeding $10,000 in the Fidelity :Savings & Loan Association, Pasco, Washington: Consumers Deposit Fund $10,000 Section 5. The City Treasurer is hereby authorized to invest the following monies in separate accounts never exceeding $10,000 in the Yakima Federal Savings & Loan Association, Pasco, Washington: Cemetery Trust Fund $ 2,000 Municipal Airport Bond Reserve Fund 600 Section 6. The investment of the monies in the Firemen's Relief and Pension Fund has been approved by the Firement's Relief and Pension Board; and the investment of the monies in the Library Construction and Acquisition Fund has been approved by the Library 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 7th day of November, 1962. ATTESTS/..�•;•/ �/ 1,/- `� Appro e a to fo ..-City Attorney - - i e M.. a Y. o r.,