CC RESOLUTION 2982•
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RESOLUTION NO. 2982
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA, ESTABLISHING A
GENERAL EMERGENCY CON'T'INGENCY RESERVE FUND.
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA,
DOES RESOLVE AS FOLLOWS:
SECTION 1. There is hereby established a GENERAL
EMERGENCY CONTINGENCY RESERVE FUND which shall be referred to
as the EMERGENCY RESERVE FUND.
SECTION 2. The Director of Finance is directed to
establish the Fund referred to in Section 1 hereof.
SECTION 3. The City Council shall at the time of the
adoption of the annual budget and at other times it considers
appropriate order transferred to the Fund referred to in
Section 1 hereof such amounts as the City Council considers
appropriate.
SECTION 4. The moneys in the Fund referred to in
Section 1 of this resolution may be transferred by the City
Council to any fund when the City Council finds that such trans-
fer is needed for the preservation of the public peace, health
or safety.
SECTION 5. Interest earned from this Fund shall be
credited to the General Fund.
SECTION 6. The City Clerk shall certify to the passage
and adoption of this resolution; shall enter the same in the
book of original resolutions of said city; and shall make a
minute of the passage and adoption thereof in the records of
the proceedings of the City Council of said city, in the minutes
of the meeting at which the same is passed and adopted.
ATTEST:
(SEAL)
PASSED, APPROVED and ADOPTED this 4th day of
March , 1980.
City Clerk
]Mayor of the City of E1 Segundo,
California
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, VALERIE A. BURROWES City Clerk of the
City of E1 Segundo, California, DO HEREBY CERTIFY that the
whole number of members of the City Council of the said City is
five; that the foregoing resolution, being Resolution No. 2982
was duly passed and adopted by, the said City Council, approved
and signed by the Mayor of said City, and attested by the City
Clerk of said City, all at a regular meeting of the said Council
held on the 4th day of MARCH $19 80
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Benson, Bue, Nagel,
Van Vranken. and Mayor Balmer
NOES: Councilmen None
ABSENT: Councilmen�A
WITNESS MY HAND AN'1D THE OFFICIAL SEAL OF SAID
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CITY this 3-4tb day of r RCH 19 '
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City Clerk of the City of El Segundo,
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California
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(SEAL)