0479RESOLUTION NO. 479
RESOLUTION AUTHORIZING INVESTMENT OF ROLLING
HILLS MONIES IN LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statues of 1976
Section 16429.1 was added to the California Government Code to
create a Local Agency Investment Fund in the State Treasury for
the deposit of money of a local agency for purposes of investment
by the State Treasurer; and
WHEREAS, the City Council does hereby find that the
deposit and withdrawal of money in the Local Agency "Investment
Fund in accordance with the provisions of Section 16429.1 of
the Government Code for the purposes of investment as stated
therein as in the best interests of the City of Rolling Hills;
NOW, THEREFORE, BE IT RESOLVED that the City Council
does hereby authorize the deposit and withdrawal of Rolling Hills
monies in the Local Agency Investment Fund in the State Treasury
in accordance with the provisions of Section 16429.1 of the
.Government Code for the purpose of investment as stated therein:
BE IT FURTHER RESOLVED that the following City officers
of their successors in office shall be authorized to order the
deposit or withdrawal of monies in the Local Agency Investment
Fund: The Mayor and the City Manager.
PASSED AND ADOPTED by the City Council of the City of
Rolling Hills, State of California on January 11, 1982.
Mayor
I hereby certify that the foregoing Resolution was duly adopted by
the City Council of the City of Rolling Hills at a regular meeting
thereof held on the 11th day of January, 1982 by the following roll
call vote:
AYES: Councilmembers Crocker, Heinsheimer, Pernell, Swanson
Mayor Rose
NOES: None
ABSENT: None r
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