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THE CITY COUNCIL OF l~qE CITY OF P~iSAi~TON <br /> <br /> COU[~i~ OF ALAMEDA, STATE OF CALIFORNIA <br /> <br /> Resolution NO. 2806 <br /> <br /> WHERrieS, it appears that the City will lose possible interest <br />on 1958 drain bond money between the date of receipt of said money <br />and the date of the earliest expected disbursement of said money; <br /> <br /> NOW THEREFORE THE CI'I~Y COUNCIL DOES HEREBYRESOLI~EAS FOLLOWS: <br /> <br /> 1. I%at Resolution No. 2800~ establishing the Drain Bond <br />Construction Account~ is hereby rescinded. <br /> <br /> 2. That the City Clerk and City Treasurer are hereby instructed <br />to place said proceeds from the sale of 1958 Drain Bonds in a Special <br />Inactive Bank Account~ to obtain for the City of Pleasanton the best <br />possible interest for the interim period. <br />DATED: August 11~ 1958 <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City C] er~/ <br /> <br /> <br />