Reso 2008-760M
RESOLUTION NO. 2008 -760
RESOLUTION OF THE COSTA MESA SANITARY DISTRICT
AUTHORIZING INVESTMENT OF MONIES IN THE
INVESTMENT TRUST OF CALIFORNIA
WHEREAS, the California Government Code §53601(p) allows for the investment of
temporarily idle funds in shares of beneficial interest; and
WHEREAS, the Investment Trust of California was created for the purpose of allowing
public agencies the ability to pool their temporarily idle funds for investment purposes; and
WHEREAS, the Costa Mesa Sanitary District Board of Directors does hereby find that
the deposit and withdrawal of money in the Investment Trust of California is in accordance with
the provisions of §53601(p) of the California Government Code for the purpose of investment
as stated therein as in the best interest of the Costa Mesa Sanitary District.
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby
authorize the deposit and withdrawal of Costa Mesa Sanitary District monies in the Investment
Trust of California in accordance with the provisions of §53601(p) of the California Government
Code for the purpose of investment as stated herein.
BE IT FURTHER RESOLVED, that the Costa Mesa Sanitary District Board of Directors
hereby authorizes the District Treasurer to establish an account as a participant with the
Investment Trust of California for investment purposes.
PASSED AND ADOPTED this 20th day of November 2008, by the following vote:
AYES: Arthur Perry, Arlene Schafer, James Ferryman, Gary Monahan
NOES:
ABSTENTIONS:
ABSENT: Robert Ooten
President of the Board Secreta6j a# the Bard
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
I, Joan Revak, Clerk of the Costa Mesa Sanitary District, hereby certify that the above
and foregoing Resolution No. 2008 -760 duly and regularly passed and adopted by said Board
of Directors at a regular meeting thereof held on the �2 B day of .,, 2008.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
Costa Mesa Sanitary District, this go ry day of '��/�. 2008.
Clerk of iota Mesa Sanitary District