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<br />CI'l'Y OF SAN MARCOS <br />OVERVIEW OF IHVESftEIi'l' STATUTES <br /> <br />APPENDIX B <br /> <br />APPLICATION TO THE <br />CITY <br /> <br />STATUTORY AUTHORITY <br /> <br />HIGHLIGHTS <br /> <br />ARTICLE 2559 <br /> <br />Outlines process for taking applications <br />for custody of city funds. <br /> <br />Outlines process for selection of agency/ <br />institution. Also outlines bonding process. <br />Pledge of other securites to secure city <br />funds is also discussed. <br /> <br />ARTICLE 2560 <br /> <br />ARTICLE 2561 <br />ARTICLE 2562 <br /> <br />Designation of depository. <br /> <br />Warrant and Checks paid <br /> <br />ARTICLE 2563 <br /> <br />Selection of a depository at a subsequent <br />meeting. <br /> <br />Liabili~y of treasurer. <br /> <br />ARTICLE 2564 <br /> <br />ARTICLE 2655 <br /> <br />Restrictions of payment from interest & <br />Sinking funds for debt service only. <br />Reporting requirements due July in each <br />year. <br /> <br />ARTICLE 969c <br /> <br />Investment of Cemetery Perpetual Care funds. <br /> <br />ARTICLE 836 <br /> <br />Investment of Sinking Funds. This article <br />lists authorized investments of sinking funds. <br /> <br />ARTICLE 70gb <br />ARTICLE 708b <br /> <br />Investment of Bond Proceeds. <br /> <br />Interest earnings on Bond Proceeds must be used <br />for original purpose. <br /> <br />ARTICLE 852A SECTION 6.14 <br /> <br />Savings accounts as legal investments <br /> <br />ARTICLE 2529b-1 <br /> <br />Investment securities as security for deposits <br />of state and public agencies. <br /> <br />11 <br />