CC Resolution No. 99-018RESOLUTION NO. 99-018
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
RESCINDING RESOLUTION NO. 98-042AND 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 California
Govermnent Code Section 53600; and
WHEREAS, the City annually adopts an investment policy;
NOW, THEREFORE BE IT RESOLVED, that the City Cotmcil of the City of Cupertino
hereby rescinds Resolution No. 98-042and appoints Carol Atwood City Treasurer and Lois
Thornton Deputy Treasurer effective January 19, 1999; 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 19th day of January, 1999, by the following vote:
Vote Members of the City Council
BURNETT, CHANG, JAMES, STATTON, DEAN
AYES:
NOES:
ABSENT:
ABSTAIN:
NONE
NONE
NONE
APPROVED:
Mayor, City o~up~ino
ATTEST:
City Clerk '