CC Resolution No. 98-042RESOLUTION NO. 98-042
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
RESCINDING RESOLUTION NO. 97 ? 4 AND APPOINTING TREASURER
AND DEPUTY TREASURER
WHEREAS, the City has available funds to invest in accordance with principles of sound
treasury management; and
WHEREAS, the City invests funds in accordance with provisions of Califomia
Government Code Section 53600; and
WHEREAS, the City annually adopts an investment policy;
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Cupertino
hereby rescinds Resolution No. 9 ? 74 and appoints Carol Atwood City Treasurer and Lois
Thornton Deputy Treasurer effective February 2, 1998; and
BE IT FURTHER RESOLVED that the City Treasurer is empowered and specifically
authorized to invest and reinvest City funds in accordance with California Government Code
Section 53600; to buy, sell, trade and deal in authorized securities on margin or otherwise in
connection therewith and to pledge any and all securities for future delivery thereof.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 2"a day of February, 1998, by the following vote:
Vote
Members of the City Council
AYES: Burnett, Dean,
NOES: None
ABSENT: None
ABSTAIN: None
James,
Statton, Chang
ROV~D:
Mayor, City of Cupertino
ATTEST: