HomeMy WebLinkAbout0627 ResolutionRESOLUTION NO '627
A RESOLUTION AUTHORIZING.THE CITY TREASURER TO.INVEST FUNDS
IN EXCESS OF CURRENT NEEDS FROM THE WATER -SEWER REVENUE BONDS,
1964 CONSTRUCTION FUND,
The City Council of the.City of Pasco do resolve as follows:
'Section'l. The City Treasurer'is hereby authorized -to make the following invest-
ments from the.Water-Sewer Construction Fund.
A. $250,000.00 in 120. day U.S. Treasury bills.
B. 125,000.00 in 90.day U.S. Treasury bills.
C. 200,000.00 in 60 day U.S. Treasury'bills.
Section 2. All funds to be invested have been found to be funds in excess of
current needs.
Secti6ri'3. These investments have been approved by the.Finance Committee.of
the City of Pasco.
'Sddti6h'4. Interest earned from the foregoing investments will be placed in the
Water -Sewer Revenue Bonds, 1964 Construction Fund.
" s4dti6n'5. This Resolution shall be in full force and effect after its passage
as required by law.
PASSED by the City Council and APPROVED as provided by law this ... 5th day
of ' 'January' ' ' ' ' , 1965.
MAYOR
ATTEST:
Esther Schlagel, City Cle "k
APPROVED AS TO FORM:
D. Wayne Campbell, City Attorney.