HomeMy WebLinkAboutReso 1955-1727Resolutino No. 1727
Investment of surplus funds
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. xESOLOTZOrr xo. i7z7 . �. . � • .
- ' . RESOLUTiON OF THE CITY �COUMCIL OF Tf{E - .
CITY OF CHULA VISTA AUTHORIZItlG IMVES�:
� !¢:NT OF SURFLUS FUPlI1S._ '
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; Whereas' the�City`Courici}�of. the City,�of Chula Vista - • - . : .
- • deterraines that there is surplus money in� the;�cash basis fund
of the. City of Chula Vista:not required,for the_i�ediate
necessities of the City;. �and ., � -
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" - ti'Ihereas:tHe. said .City Council deects it. i,'rise �and ex- .
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pedient to invest and purchase_at'the narket price �131,300.00 � ,
o£ the satae in United States Government Treasury Bonds, coupon .
rate 2 3/8 � maturing June 15, 195g. � � , ' �
` NOW, THEi�'OftE, THE CITY CUUIvCIL OF THE CITY'UF • _ .
CHUiJ{ VISTA does hereby RESOLI7�, as 'folloxs: ' , _ -
, That the Adninistrative Officer.and the Finance . .
Officer of tl� City oi Chula Vista are hereby authorized to • ' .
. � , invest said surplus funds in the United States Government Treasury '
' - Honds, coupon rate 2 3�8 p•maturing June 15� 1958,' in the aaount .
of ONE HIRIDRED, THIRTY-01� THUUSAND and TftTtEE HU2iDRED (�131,3�•00) '
' DULLARS. " ' . ' ' .
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ADOPT"t�7 AIvZ� APrR�JE::, b,; t:�ie CI'I7 CO?T�C�L of `,he
CITY OF CHDZA VISTf�� C.aS,L�GR';I�?, t:iis 21st 3a;; oi dtu�e 1)�
by the Pollor:ir.g rote, �o-r.;.t:
., AYF,S: COL'NCTIdIr.P+ Rader� DeGraaf� Liansell, Del7olfe
i�IbYS: COL°3CIL;:�.:ti None
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ABSi,P.°i': COlirICIi,:��:; Smith .
_C�_'L�' l/t ' /��
i;3:r-or or t.:ite C�ty oi i:r: :ta is�
AT'i'EST `/ <i . ...i./�T/1 ..�,�,L�l�
Ci • er�t
ST9TE OF CALiF'�i:I� )
CO'S�;TY 0�' SAAt D�^,0 ) ss.
C�'i'Y �F CHLT.A V1 TA )
I, , Citr Cie�k of tna
City of Cnulx Vi�bs, �a't'i�`or__�.1, JC :?�'"r=� C:,,°.^7��? t^:at
the above and forePOing is a iull, tr::e �nd c�rr�ct cop�r o:
Resolutior i�io. � ar.d tLat t:e s��.e has no� been
an�ndeci or rer r:l�c.
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