HomeMy WebLinkAboutCC RES 74-008 '
RESOLUTION NO. 74-8
A RESOLUTIOTI OF THE CITY COUNCIL OF TuE CITY
OF PAL 1 DESERT, DESIGNATING AND AUTHORIZI iG
TI E CITY TREASURER, [dITH APPROVAL OF THF. CLTY
ATTORNEY, TO APPROVF SAFEKEEPING AGREFM.E'VTS
BE':j 7EEN THE CITY OF PALM DESERT A' 1D SEC?TRI.TY
PACIFIC NATIONAL BA'VK
WHEREAS, the Ci.ty of Palm Desert will from time to time
invest funds in authorized securities purchased and held by
said Bank on behalf of the City; and
WHEREAS, said Security Pacific National Bank requests
official authorization and designation of officials autho-
rized to act ir behalf of said Ci.ty in entering ir.to such
safekeeper agreements;
NOLd, THEREFORF BE IT_ RESOLVED THAT:
Section l. The City Treasurer is hereby authorized to
enter into such agreements with Security Pacific National
liank subject to approval of the City Attorney of said City
of any such agreements or modifications thereto.
PASSED, APPROVED AND ADOPTrD by the City Council this
14t11 day of February, 1974 by the following vote:
AYES• Aston; Benson; Brush; McPherson; Clark
NOES: None
ABS N'T: None
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Henry B. C1 k, Iayor
ATTEST:
Crj ' 7 -
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E. R. Asmus, City Clerk
City of Palm Desert