Reso 1995-566l
RESOLUTION NO. '?S " S46
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA
MESA SANITARY DISTRICT, AUTHORIZING THE TREASURER TO
INVEST AND REINVEST IDLE MONIES OF THE COSTA MESA
SANITARY DISTRICT IN ELIGIBLE SECURITIES AND TO SELL
OR EXCHANGE SECURITIES PURCHASED, AND AUTHORIZING
SAID TREASURER TO DEPOSIT SUCH SECURITIES FOR
SAFEKEEPING IN DESIGNATED BANKS AND SAVINGS AND
LOANS, AND AUTHORIZING THE SAID TREASURER TO
DELEGATE TO THE ASSISTANT DIRECTOR OF FINANCE THE
CARRYING OUT OF ANY SUCH TASKS.
THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT DOES
HEREBY RESOLVE AS FOLLOWS:
WHEREAS, in accordance with Section 53607 of the Government Code of the State of
California, the Treasurer is hereby authorized (a) to invest such portion of any sinking fund of,
or idle money in, the District Treasury, not required for the immediate necessities of the District
as is deemed wise or expedient, in securities in which this Board is authorized to invest such
sums by the provisions of the State Government Code Section 53601 and Section 53635, limited
by the District's Investment Policy; and (b) to sell, or exchange for other eligible securities, and
reinvest the proceeds of the securities purchased. The Treasurer shall make a monthly report of
such transactions to this Board.
NOW, THEREFORE BE IT RESOLVED, that the Costa Mesa Sanitary District has adopted
the 1994 -95 Statement of Investment Policy as set forth in the sixteen page document labeled
Exhibit "A" and dated January 12, 1995. The Assistant Manager /Clerk of the District shall
certify to the passage and adoption of this resolution, and it shall thereupon be in full force and
effect.
PASSED AND ADOPTED this 12th day of January, 1995
si ent o the -Boa o
Directors of the Cos
a Sanitary District
WA
- - �
STATE OF CALIFORNIA)
COUNTY OF ORANGE )SS
CITY OF COSTA MESA )
I, Florine T. Reichle, Assistant Manager /Clerk of the Costa
Mesa Sanitary District, hereby certify that the above and foregoing
Resolution No. J'S'-5"e4 , was duly and regularly passed and adopted
by said Board of Directors at a regular meeting thereof held on the
/a V_ day of _,_% , 19 -? Ss .
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the seal of the Costa Mesa Sanitary District, this % day of
Assistant Manager /Clerk
Costa Mesa Sanitary District
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