Reso 1973-263RESOLUTION NO. 73 -263
A RESOLUTION BY THE COSTA MESA SANITARY DISTRICT,
ORANGE COUNTY, CALIFORNIA, PROVIDING FOR THE MECHANICS
OF HANDLING CERTAIN INVESTMENTS OF SURPLUS FUNDS PUR-
SUANT TO REVISED REGULATIO14S OF THE COUA TY TREASURER.
THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT
DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, the Treasurer of the County of Orange, Robert
L..Citron, is the ex- officio Treasurer of the Costa Mesa Sanitary
District; and
WHEREAS, under Government Code, Section 53607, said treasurer
is charged with the duty of making certain investments of surplus
funds for said Sanitary District; and
WHEREAS, heretofore said investments have required the
issuing of certain warrants by the District at the request of said
treasurer; and
WHEREAS, the Treasurer of the County of Orange now desires
to 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 Robert L. Citron,
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,
sales of investments, termination or renewal of time deposits, are
to be made by the County Treasurer after consultation and agreement
with 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
entries will then bre recorded daily in the records of the County
Treasurer and of the County Auditor - Controller.
DATED: March 7, 1973
resi• end t, Board of Directors
�'r• tem)
�
Costa Mesa Sanitary District
ATTEST:
Sccre,ary, Boar ' of Directors
Costa Mesa Sanitary District
t
r
STATE OF CALIFORNIA )
SS.
COUNTY OF ORANGE )
I, KERM RIMA, 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. 73-263
,
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 March 19 73 and that the
same was passed and adopted by the following roll call vote, to wit:
AYES: Directors - Glockner, Warren, Briggs, Rima
NOES: Directors - None
ABSENT: Directors - Porter
DATED this 8th day of March ,, 19 D
(SEAL)
KERM RIMA
Secretary of the Board of Directors
of the Costa Mesa Sanitary District
Orange County, California
BY � 4x
Assist nt Secretary