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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />211 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-10-00 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA <br />APPROVING THE ESTABLISHMENT OF BANKING AND INVESTMENT ACCOUNTS <br />FOR THE HERMOSA GARDENS CEMETERY <br />WHEREAS, the City of Colton (the "City') is responsible for investing the <br />Endowment Care Fund, Pre -need Funds, and Construction Funds for Hermosa Gardens <br />Cemetery and wishes to do so in a cost-effective and efficient manner. <br />WHEREAS, these accounts will be for a different purpose, have different <br />signatories and investment objectives than the City's other funds. <br />WHEREAS, these accounts will enable the City Treasurer to carry out his duties in <br />an efficient manner while safeguarding the cemetery assets. <br />BE IT NOW THEREFORE RESOLVED AS FOLLOWS: <br />1. The recitals set forth above are true and correct in all respects. <br />2. The Mayor, City Treasurer, the Deputy City Treasurer and all other officers <br />of the City or such other persons designated by the City Manager are <br />hereby directed, for and on behalf of the City, to do any and all things and <br />take any and all actions deemed necessary or advisable in order to effect <br />the purposes of this Resolution. <br />3. The findings and determinations herein shall be final and conclusive. This <br />Resolution shall take effect upon the date of its adoption. <br />PASSED APPROVED and ADOPTED this 15th day of February, 2000. <br />P, t <br />DEIRDRE H. BENNETT <br />ATTEST: Mayor Pro Tempore <br />4--AROLINA P. BARRCKA, City Cleo <br />