HomeMy WebLinkAboutResolution 1973 - 0018 REPEALEDRESOLUTION NO.73—18
I
AUTHORIZING AND DIREC~TING COUNTY TAX COLLECTOR—
TREASURER TO INVEST AND/OR REINVEST DISTRICTS’FUNDS
A RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY
SANITATION DISTRICTS NOS.1,2,3,5,6,7,AND 11,
OF ORANGE COUNTY,CALIFORNIA,AUTHORIZING AND
DIRECTING COUNTY TAX COLLECTOR-TREASURER TO INVEST
AND/OR REINVEST DISTRICTS’FUNDS
The Boards of Directors of County Sanitation Districts Nos.
1,2,3,5,6,7,and 11,of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That Robert L.Citron,Tax Colleàtor—Treasurer of
the County of Orange and ex officio treasurer of the County Sanitation
Districts of Orange County be and he is hereby authorized and directed
to invest or to reinvest funds of the Districts in “legal”securit±es
and/or bank time deposits.He is further authorized and directed
to sell or exchange securities so purchased and to terminate or renew
bank time deposits so made.Each of these authorizations is to
continue until the further order of the Boards of Directors of the
Districts,all In accordance with the terms and provisions of
Section 53607 of the Government Code of the State of California;and,
Section 2 That these investments,deposits,sales of
investments,termination or renewal of time deposits,are to be made
by the County Tax Collector—Treasurer only after consultation with
and direction by the General Manager of the Districts or his,
designee;and,
Section 3 That the County Tax Collector—Treasurer,upon
confirmation by the General Manager of the Districts,is hereby
authorized to prepare such entries as are necessary to effect the
transfer of funds required to make the indicated investments.
PASSED AND ADOPTED at a regular meeting held March lii,1973.
STATE OF CALIFORNIA)
)SS~
COUNTY OF ORANGE )
I,J0 WAYNE SYLVESTER,Secretary of the Boards of Directors
of County Sanitation Districts Nos.1;2,3,~6,7,and 11,of
Orange County,California,do hereby certify that the above
and foregoing Resolution No.73-18 was regularly passed and
adopted at a regular meeting ~of said Boards on the 1)4th day of
March ,19 73,by the following vote,to wit:
AYES:Directors Robert Finnell (.Chairman),David
Baker,Robert Battin,Ralph Clark,Norman
Culver,Jesse Davis,Henry Duke,Donald Fox,
Norma Gibbs,Jack Green,Wade Herrin,Edward
Just,Carl Kymia,Otto Lacayo,Alicita Lewis,
Charles Long,Donald Mclnnis,Derek McWhinney,
Clifton Miller,Robert Nevil,Henry Quigley,
Robert Root,Frank Sales,George Scott,Donald
Smith,Mark Stephenson,John Store,Cor
Vanderwaal,Donald Winn and William Roberts
i’~JOES:None
ABSENT:Directors,Ronald Caspers,Rudy Castro and
Ellis Porter V
IN WITNESS WI-~REOF,I have hereunto set my hand this ltlth
day of March ,1973 .
V
,
,/Boar of irectors,County V
~Sanitati’on Districts Nos.1,2,
3,5,6,7,and 11,of Orange
County,California
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