Reso 2000-636RESOLUTION NO. 2000 -636
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA
SANITARY DISTRICT, ADOPTING THE 2000 -01 STATEMENT OF
INVESTMENT POLICY, AND AUTHORIZING THE TREASURER TO INVEST
AND REINVEST IDLE MONIES OF THE COSTA MESA SANITARY DISTRICT
IN ACCORDANCE WITH THE 2000 -01 STATEMENT OF INVESTMENT
POLICY, AND AUTHORIZING THE SAID TREASURER TO DELEGATE TO
HIS DEPUTY THE CARRYING OUT OF ANY SUCH TASKS.
THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT DOES HEREBY
RESOLVE AS FOLLOWS:
WHEREAS, Government Code Section 53601 sets forth the investments that the District may
lawfully make; and
WHEREAS, Government Code Section 53646 sets forth that the District's Treasurer shall annually
render to the Board of Directors a Statement of Investment Policy at a public meeting for the Board to
consider; and
WHEREAS, the Board has reviewed the Statement of Investment Policy; and
WHEREAS, Government Code Section 53607 authorizes the Board to delegate the authority to
make investments and to sell or exchange securities for a one year period to the Treasurer provided that
monthly reports are thereafter made of the status of said transactions;
NOW, THEREFORE, the Board of Directors of the Costa Mesa Sanitary District does hereby
resolve as follows:
1. That the Statement of Investment Policy is approved.
2. That the Treasurer is authorized to make investments consistent with said Policy and is
required to report to the Investment Oversight Committee and Board on a monthly basis on the
status of those transactions. The Treasurer is hereby given all of the authority provided by
Government Code Section 53607, including the power to invest and reinvest and the power to
sell or exchange securities, consistent with the District's Policy.
3. That the Treasurer may delegate some part of these duties to his deputy provided that the
Treasurer remains responsible for such decisions and provides oversight.
The 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 15th day of June 2000.
ATTEST:
Secretary, l_cs..a`;^.Zesa Sanitary District
Bciard,of J'irecf ?i '
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
COSTA MESA SANITARY DISTRICT )
President, Costa Mesa Sanitary District
Board of Directors
I, JOAN REVAK, Clerk of the Costa Mesa Sanitary District, hereby certify that the above and
foregoing Resolution No. 2000 -636 was duly and regularly passed and adopted by said Board of Directors
at a regular meeting thereof held on the 15ffi day of June 2000.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Costa Mesa
Sanitary District this 15th day of June 2000.
Clerk -e Costa Mesa District