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RESOLUTION NO. 770
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTON:
Section l: The City Treasurer is hereby authorized and di-
rected to invest and reinvest from time to time, in United States
Certificates of Indebtedness, including United States Treasury -bills
of 90 day.te n , any City funds not needed for current expenses, up
to a total amount of $150,000,00.
Section 2: The Treasurer is authorized to make such in-
vestment purchases through the Peoples National Bank of Washington
in Seattle, Renton Branch, and through the First National Bank of
Renton, in equal portions through each bank.
PASSED by the (Ity Council this 11th day of April, 1950.
Wiley Corook - City Clerk
APPROVED by the Mayor this 11th day of April, 1950.
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R. Baxter - Mayor