HomeMy WebLinkAbout88-048
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RESOLUTION NO. 88-48
RESOLUTION OF THE BOARD OF SUPERVISORS OF MOHAVE COUNTY,
ARIZONA, APPROVING AN EXCHANGE OF INVESTMENTS
HELD IN rrRUST TO PROVIDE FOR PAYMENT OF REFUNDED BONDS.
WHEREAS, the Board of Supervisors met in Special Session
this 20th day of June, 1988 and;
WHEREAS, the GovE!rni ng Board of Mohave Union Hi gh School
District No. 30 of Moha,ve County has adopted a resolution, a
copy of which is attached hereto, authorizing and directing
the liquidation of investments in the District's refunding
escrow and reinvestment of the proceeds thereof for the
refunding escrow; and
WHEREAS, the liquidation and reinvestment is to take
place with the approval and consent of this Board;
NOW,
THEREFORE,
IT RESOLVED by the
Board of
BE
Supervisors of Mohave County, Arizona, as follows:
1. The County Treasurer is hereby authorized and directed
to liquidate certain of the investments in the District's
refunding escrow and to reinvest the proceeds theredf for
the refunding escrow in the manner and upon the ter.s and
conditions authorized by the resolution of the Governing
Board of the Di stri ct. Any bank having custody of the
investments, whether under a trust agreement or othetwise,
is authorized and directed to cooperate with the Treasurer
to take such actions as shall be appropriate in
furtherance of the transactions contemplated hereby.
2. The County Trea,surer and the members and offi cers of
this Board are authorized and directed to take such
actions and to execute and deliver such documents on
behal f of the County as are necessary or desi rable to
carry out the terms and intent of this resolution and to
consummate the transactions contemplated hereby.
PASSED, APPROVED AND ADOPTED, This 20th day of June, 1988.
MORAVE COUNTY B OF SUPERVISORS
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