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RESOLUTION NO. 1433
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VISTA AUTHORIZING INVESTMENT OF
SURPLUS FUNDS
THE CITY COUNCIL OF THE CITY OF CHULA VISTA DOES HEREBY RESOLVE
AS FOLLOWS:
Whereas the City Council of the City of Chula Vista by
its Resolution No.14407, adopted February 10th, 1953, did
authorize .the Administratrive Officer and the Finance 'Officer
of the City of Chula Vista to invest surplus funds of the City
of Chula Vista in the amount of 'ONE- TUNDRED,TWENTY-FIVE THOUSAND
($125,000.00) DOLLARS in United States Treasury Notes, Series
A; and
Whereas it now ,appears beneficial to the City of Chula Vista
that said Treasury Notes be converted into United States Treasury
Notes, Series B,for the reason that the latter pay a higher in-
terest' rate;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA
does hereby RESOLVE as follows :,
That the Administrative Officer and the Finance Officer of '
the City of Chula Vista are hereby authorized to surrender and
cash the said United States Treasury Notes, Series A, in the amount
of up to ONE HUNDRED, TWENTY-FIVE THOUSAND ($125,000.00), and to
immediately reinvest the proceeds thereof in United States
Treasury Notes, Series B.
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.ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF
CHULA VISTA, CALIFORNIA, this 9th_ dg r of June ,19 53
by the following vote, to-wit:
AYES: COUNCILMEN Riesland, Dellolfe, Halferty? Logan
NAYS: COUNCILMEN None
- ABSENT:. COUNCILMEN Hobel
iiilleAte 4-
ofor • ne Ca. y of file
ATTEST: ;,.....� ...•1695. • Age
i y er.
by
Deputy '
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, , City Clerk of the
City of Chula, Vista, California, to HEREBY CERTIFY that the above
and foregoing is a full, trite and correct copy of Resolution
No. , and that the sne has not been amended or
repealed.
DATED:
City Cieris
Deputy a