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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 - -
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