HomeMy WebLinkAboutRESO 1235•
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R E S 0 L U T I 0 N N O. 1235 ------------.....__
RESOLU'l'ICN AU'I'IWRIZING CITY '!'Rl!ASURER TO INVEST CEliTAIN CI'l'Y FUNDS
WHEREAS, 1 t 1s foi· the beet ftnsnc1al interests of
the 01 ty o:t' Palo Alto that certe.1n of 1.ts 1nact1 ve funds in
the e~ of Fifty Thou!and Dollars ($50,000.00) be 1nveeted in United States Government aecur1t1~a; and
WHEREAS, it is for the beet financial interests of tba
City of Palo Alto that there be invested for the benefit of the
truat fund for meter deposits the sum or Five Thousand Dollare
($o,OOO.OO) of aaid fund in United States Government 8ecur1t1ee;
NOW, THEREFORE, the Council of the City ot Palo Alto DO RESOLVE aa followes
That w. c. COBB, City Treasurer, ·be and he ie hereb;r
authortzed to invest the .sum of Fifty Thousand Dollars ($50,.000.00) or the funds of the City of Palo Alto 1n Uhited States Treasury Bonds.
BE IT FUR'£HER RESOLVED that aa1d City Treaeurer be and
he is hereby authorized to invest for the benef1 t of t hl!l trust
fund for meter deposite tho sum ot Five Thousand Dollars ($5,000.00) of ea1c fund in United States Treasury Bonde.
The above and foregoing resolution was duly &nd regu-
larly introduced and paseed at a regular meeting of tbe Council
o! the City of Palo Alto hel~ on Monday, the 9th day of January, 1939, by the following votes
AYES:
NOES:
Aba~mt:
Bloi~, Bonham, Caahel, Collins, costello, Cypher,
Goddard, Merner, M1 tehell, ·Mosher, Richarcs ,, Thoi ts, Thomas.
None.
Wood. _../--J ___..>::.~./
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. ~ ~LL ATTEST: ?t/?*c~ eF
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