HomeMy WebLinkAboutResolutions - 1998.07.16 - 25364July 16, 1998
MISCELLANEOUS RESOLUTION # 98155
BY: FINANCE COMMITTEE, SUE ANN DOUGLAS, CHAIRPERSON
IN RE: TREASURER'S OFFICE - AMENDMENT TO THE INVESTMENT POLICY FOR THE COUNTY
OF OAKLAND
TO THE OAXLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS, as the County Treasurer wishes to add an additional type of
investment to The Investment Policy for the County of Oakland approved by
Miscellaneous Resolution #98040.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes that Section 6.0, entitled "Authorized Investments"
in The Investment Policy for the County of Oakland be amended by adding 6.10
Mutual Funds that are only legal for direct investment by a public
corporation, limited to securities that maintain a net asset value of $1.00
per share and maintain a non-fluctuating net asset value.
Chairperson, on behalf of the Finance Committee, I move the adoption of
the foregoing resolution.
FI ANCE COMMITTEE
C-21-t
Finance Committee Vote:
Motion carried on unanimous roll call vote.
Resolution 498155 July 16, 1998
Moved by Douglas supported by Amos the resolution be adopted.
AYES: Devine, Dingeldey, Douglas, Garfield, Gregory, Hoffman, Holbert,
Huntoon, Jacobs, Johnson, Kaczmar, Kingzett, Law, McCulloch, McPherson, Millard,
Moffitt, Obrecht, Palmer, Schmid, Taub, Wolf, Amos, Coleman. (24)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland, do hereby certify that the
foregoing resolution is a true and accurate copy of a resolution adopted by the
Oakland County Board of Commissioners on July 16, 1998 with the original record
thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the
County of Oakland at Pontiac, Michigan this 16th day of July 1998.
Lyn4rD7 Allen, County Clerk