HomeMy WebLinkAboutResolution - 022466K - Authorize CM To Order Investment, USA Obligations - 02/24/1966FOS
RESOLUTION
WHEREAS;, after due study and deliberation,, the City Council, finds that it
would greatly benefit the financial position of the City of Lubbock to purchase the
obligations of the United States government as authorized and permitted by Article
1269j-3 of the Vernonxs Annotated Civil Statutes of the State of Texas; NOW
THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK--
THAT
UBBOCK:
THAT pursuant to the authority vested in the City Council by Chapter 1,
Article 7, Section 7 of the Charter of the City of Lubbock to control and manage
the finances of the City of Lubbock,, the City Manager be and is hereby directed,
authorized and empowered to order the investment in obligations of the United
States of America the balances remaining in the accounts of the City of Lubbock
at the end of the last fiscal year as certified by the City Auditor. All investments
authorized hereby shall be in the name and on behalf of the City of Lubbock.
Passed by the City Council this lath day of Far I; nr 1966.
ATTES
L.
Lave is Lowe, City Secretary -Treasurer
APPROVED: -
Senter� Jr., Cityt�6rney
11 •,RE., Mayor