Reso 1967-1822 j
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RESOLUTION NO. 4r'/- ,'cL
A RESOLUTION BY THE COSTA MESA SANITARY DISTRICT, ORANGE
COUNTY, CALIFORNIA, PROVIDING FOR THE MECHANICS OF HANDLING
CERTAIN INVESTMENTS OF SURPLUS FUNDS PURSUANT TO REVISED
REGULATIONS OF THE COUNTY TREASURER.
THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT
DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, the Treasurer of the County of Orange, IVAN H.
SWANGER, is the ex- officio Treasurer of the Costa Mesa Sanitary
District; and
WHEREAS, under Government Code, Section 53607, said treasurer
'his charged with the duty of making certain investments of surplus
funds for said Sanitary District; and
WHEREAS, heretofore said investments have required the
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'issuing of certain warrants by the District at the request of said
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111treasurer; and
WHEREAS, the Treasurer of the County of Orange now desires
Ito make investments by bookkeeping transactions without the use of
warrants but with the approval of the Director of Finance for
said Board.
NOW THEREFORE, BE IT RESOLVED THAT Ivan H. Swanger, Treasurer
of the County of Orange and ex- officio treasurer of this district
be and he is hereby authorized and directed to invest or to reinvest
funds of this district in legal securities and /or bank time deposits.
He is further authorized and directed to sell or exchange securities
so purchased and to terminate or renew bank time deposits so made.
Each of these authorizations is to continue until the further order
of the Board of Directors of this District, all in accord with the
terms and provisions of Section 53607 of the Government Code of the
State of California.
BE IT FURTHER RESOLVED THAT these investments, deposits, sale!
of investments, termination or renewal of time deposits, are to be
made by the County Treasurer after consultation and agreement with
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the Director of Finance of this district.
BE IT FURTHER RESOLVED THAT the County Treasurer is hereby
authorized to prepare such entries as are necessary to effect the
transfer of funds required to make the indicated investments. These
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entries will then be recorded daily in the records of the County
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Treasurer and of the County Auditor - Controller.
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DATED: � 47
I ATTEST:
Secretary
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President, Board of/birectors
Costa Mesa Sanitary District
STATE OF CALIFORNIA )
ss.
COUNTY OF ORANGE )
I, ELLIS PORTER, Secretary of the Board of Directors of
the Costa Mesa Sanitary District of Orange County, California, DO
HEREBY CERTIFY that.the foregoing Resolution, being Resolution
No. 67 -182 , was duly passed, approved and adopted by said Board,
approved and signed by the President of said Board, and attested
by the Secretary of said Board, all at a regular meeting of
said Board held on the 7th day of June, ,'19 67
and that the same was passed and adopted by the following roll
call vote, to wit:
AYES: Directors - Porter, Nelson, Warren, Rima and
Swartz
NOES: Directors - None
ABSENT: Directors - None
DATED this 9th day of June 5 19 67
Ellis Porter
Secretary of the Board of Directors
of the Costa Mesa Sanitary District
Orange County, California
BY
Assistant Secretary
(SEAL)