HomeMy WebLinkAbout1985-12-12 - Resolution No. 85-39r OL
RESOLUTION NO. 85-39
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA
LINDA WATER DISTRICT AUTHORIZING AN INVESTMENT
ACCOUNT OPENED WITH AMERICAN SAVINGS b LOAN ASSOCIATION
WHEREAS, as an enterprise type of local government agency,
it is an objective of the Yorba Linda Water District to earn
revenue on monies received and retained until needed, and
WHEREAS, Resolution 85-08, approved by the Board of
Directors of the Yorba Linda Water District on March 14,
1985, sets forth investment policy and guidelines, and
WHEREAS, authority to invest available District monies has
been delegated by the Board to the Auditor and/or Assistant
Manager of the District,
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors
approves an investment account with American Savings & Loan
Association until such time as said institution receives
communication to the contrary.
APPROVED AND ADOPTED this 12th day of December, 1985 by the
following roll call vote:
AYES: Directors Armstrong, Cromwell, Fox, Mills, Knauft
NOES: None
ABSTAIN: None
ABSENT: None Q
Presidentvof the BoArd
ATTEST:
~f Secretary of the-/Board