HomeMy WebLinkAboutResolution 1994 - 0156RESOLUTION NO.94-156
DESIGNATING A DISTRICTS’TREASURER AND AUTHORIZING THE
DISTRICTS’TREASURER AND THE ORANGE COUNTY
TREASURER/TAX COLLECTOR TO INVEST AND/OR REINVEST
DISTRICTS’FUNDS AND REPEALING RESOLUTION NO.73-18
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF
COUNTY SANITATION DISTRICTS NOS.1,2,3,5,6,7,II,13 AND 14
OF ORANGE COUNTY,CALIFORNIA,DESIGNATING A DISTRICTS’
TREASURER AND AUTHORIZING THE DISTRICTS’TREASURER AND
THE COUNTY OF ORANGE TREASURER/TAX COLLECTOR TO
INVEST AND/OR REINVEST DISTRICTS’FUNDS AND REPEALING
RESOLUTION NO.73-18
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The Boards of Directors of County Sanitation Districts Nos.1,2,3,5,6,7,11,
13 and 14 of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That Gary G.Streed is hereby appointed as Treasurer of County
Sanitation Districts Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California.
Section 2 The authority of the Boards of Directors to invest or reinvest
Districts’surplus funds or to sell or exchange securities so purchased or to deposit for
safekeeping the funds and investments of the Districts with depositories,as provided
for in California Government Code Sections 53608 and 53630,is hereby delegated to
the Districts’Treasurer,as authorized by California Government Code Section 53607.
Section 3 The Districts’Treasurer is authorized to direct that the Districts’
surplus funds or any portion thereof be deposited into the care,custody and control of
the Treasurer/Tax Collector of the County of Orange for purposes of investment or
reinvestment,pursuant to California Government Code Section 53684.
Section 4 That the Treasurer/Tax Collector of the County of Orange (County
Treasurer)be and is hereby authorized and directed to invest or to reinvest all funds
belonging to the Districts,which have been transferred to the County Treasurer,in
those instruments as authorized by California Government Code Section 53601 and/or
in deposits with depositories,as authorized by California Government Code Section
53635.The County Treasurer is further authorized and directed to sell or exchange
securities so purchased and to terminate or renew deposits so made.Each of these
authorizations is to continue until the further order of the Boards of Directors of the
Districts or the Districts’Treasurer.
Section 5 That these investments,deposits,sales of investments,termination
or renewal of deposits are to be made by the Districts’Treasurer and Treasurer/Tax
Collector of the County of Orange only after consultation with and direction by the
General Manager of the Districts or his designee.
Section 6 That the Districts’Treasurer and Treasurer/Tax Collector of the
County of Orange,upon confirmation by the General Manager of the Districts,are
hereby authorized and directed to prepare such records of account as are necessary to
effect the transfer of funds required to make the indicated investment.
Section 7 In the event of the temporary absence of the Districts’Treasurer,
the Districts’General Manager is hereby delegated the authority to appoint an Acting
Treasurer to carry out the powers and duties of the Office of the Districts’Treasurer.
Section 8 Resolution No.73-18 is hereby repealed.
PASSED AND ADOPTED at a regular meeting held December 8,1994.
2000-00026
5466_i
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE
I,PENNY KYLE,Secretary of the Boards of Directors of County Sanitation Districts
Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California,do hereby certify that
the foregoing Resolution No.94-1 56 was passed and adopted at a special meeting of said
Boards on the 8th day of December,1994,by the following vote,to wit:
AYES:Fred Barrera,George Brown,John C.Cox,Jr.,Jan Debay,Barry
Denes,Burnie Dunlap,Norman Z.Eckenrode,James M.Ferryman,
James H.Flora,Don R.Griffin,John M.Gullixson,Barry Hammond,
Victor Leipzig,Wally Linn,Thomas E.Lutz,Pat McGuigan,Ted R.
Moreno,Margie L.Rice,Thomas R.Saltarelli,Sal A.Sapien,George
Scott,Sheldon S.Singer,William G.Steiner,Peer A.Swan,Charles E.
Sylvia,George L.Ziaket
NOES:None
ABSENT:Cecilia Age,Chris Norby,Arthur Perry,Irv Pickier
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of
County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7,11,1 3
and 14 of Orange County,California,this 8th day of December,1 994.
Penny Kyle,S etary
Boards of Direc ors of ounty Sanitation
Districts Nos.1,2,3,5,6,7,11,13 and 14
of Orange County,California
forrno/94/t1 5.158