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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 />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-03-08 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON DELEGATING TO <br />THE CITY TREASURER THE AUTHORITY TO INVEST AND REINVEST FUNDS FO THE <br />CITY AND TO SELL OR EXCHANGE SECURITIES <br />THE CITY COUNCIL OF THE CITY OF COLTON resolves as follows: <br />Pursuant to the Government Code Section 53607, authority to invest and reinvest funds of <br />the City and to sell or exchange securities so purchased is delegated by the City Council to <br />the City Treasurer. <br />PASSED, APPROVED and ADOPTED this 15th day of January, 2008 <br />ATTEST: <br />CAROLINA R. PADILLA, CMC <br />City Clerk <br />1 <br />KELLY J. CHASTAIN <br />Mayor <br />