Resolution - 8033RESOLUTION NO. 8033
• A RESOLUTION OF THE BOARD OF DIRECTORS OF WEST COVINA
COMMUNITY INFORMATION, INC. AUTHORIZING THE USE
OF THE LOCAL AGENCY INVESTMENT FUND UNDER THE OFFICE
OF THE CALIFORNIA STATE TREASURER AS AN INVESTMENT
MEDIA ALTERNATIVE.
WHEREAS, Article II (commencing with Section 16429.1) has been
added to Chapter 2 of Part 2 of Division 4 of Title 2 of the Government
• Code; and
WHEREAS, this Government Code addition provides for the creation
of the Local Agency Investment Fund under the office of the California
State Treasurer and the establishment of the local Investment Advisory
Board and prescribes various duties for the Board; and
WHEREAS, it is deemed wise and prudent to establish an account
with the office of the California State Treasurer for the purpose of using
the Local Agency Investment Fund as an investment media alternative.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF WEST COVINA COMMUNITY
INFORMATION, INC. DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the West Covina Community Information Board
of Directors hereby authorizes the establishment of an investment account
with the office of the California State Treasurer Local Agency Investment
Fund titled:
West Covina Community Information, Inc.
P.O. Box 1440
West Covina, California 91793
Attention: Yvonne Calmes
Treasurer
SECTION 2. That the West Covina Community Information Board
of Directors agrees to deposit or withdraw money in the Local Agency Investment
Fund in the State Treasury in accordance with the provisions of Section
16429.1 of the Government Code for the purpose of investment as stated
herein.
SECTION 3. That the West Covina Community Information Board
of Directors authorizes the following named officials to order the deposit
or withdrawal of money in the Local Agency Investment Fund:
Yvonne Calmes, Treasurer
Charlene Jung, Deputy Treasurer
Phyllis Saunders, Deputy Treasurer,
and their successors.
• Introduced, approved and adopted this 26th day of May ,
1987.
ATTEST:,, -
APPROVED AS TO FORM:
General Counsel
STATE OF CALIFORNIA ) ss
COUNTY OF LOS ANGELES )
I, Helene Mooney, Secretary of West Covina Community Information,
Inc. do hereby certify that the foregoing resolution was duly introduced,
approved and adopted by the Board of Directors of West Covina Community
Information, Inc. at a regular meeting of said Board held on the 26th
day of May , 1987, by the following roll call vote:
• AYES: Tennant, Bacon, Manners, Chappell
NOES: None
ABSENT: Shearer
0
Se retary o West Covin
Community Information, Inc.