HomeMy WebLinkAboutRES 1987-21 - Board RESOLUTION NO. 8721
OF THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
AUTHORIZING INVESTMENT OF TRUCKEE DONNER PIIBLIC
UTILITY DISTRICT MONIES IN LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the statutes 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 Board of Directors 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 purpose of
investment as stated therein is in the best interests of the Truckee Donner
Public Utility District.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee
Donner Public Utility District as follows:
1. That the deposit and withdrawal of Truckee Donner Public Utility
District 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 is
hereby authorized.
�,.. 2. That the following Truckee Donner Public Utility District officers
or employees be authorized to order the deposit or withdrawal of
monies in the Local Agency Investment Fund:
General Manager
Finance Supervisor
Deputy District Clerk
3. The Deputy District Clerk is hereby directed to send a certified
copy of this resolution and the names of the individuals holding said
positions to the Truckee River Bank, and to up-date the names whenever
a change has taken place.
4. All previous resolutions pertaining to the investment of monies in
the Local Agency Investment Fund are hereby rescinded.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public
Utility District at a meeting duly called and held within said District on
the 18th day of May, 1987 , by the following roll call vote:
AYES: Cooley, Maass, Sutton and Corbett.
NOES: None.
ABSENT: Hamilton.
TR CKEE DONNER PU IC UTILITY DISTRICT
By .
hn L. Corbett, President
ATTEST•
S an Macdonald, Deputy District Clerk
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