HomeMy WebLinkAbout96-025 CC Resolution RESOLUTION NO. 96-25
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA SUPPORTING THE SHAREHOLDERS
LITIGATION REFORM INITIATIVE PROPOSITION 201
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES RESOLVE, DETERMINE
AND ORDER AS FOLLOWS:
WHEREAS, will make it far more difficult for attorneys to bring unjustified,
extortionate shareholder lawsuits that siphon off millions of dollars and thousands of hours of
management time, cutting into research and development and job creation; and,
WHEREAS, will prevent attorneys from circumventing recently enacted federal
securities reform legislation by filing cases in California state courts,
NOW, THEREFORE, BE IT RESOLVED, that
Section 1: The City Council does support the Shareholders Litigation Reform Initiative
Proposition 201.
Section 2: The City Clerk shall certify the adoption of this resolution.
PASSED APPROVED AND ADOPTED by the City Council of the City of Temecula
at a regular meeting held on the 27th day of February, 1996.
X-@el F. Lindemans, Mayor
ATTEST:
ju@S.-breek, CMC
City Clerk
@\W25
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF TEMECULA)
I, June S. Greek, City Clerk of the City of Temecula, California, do hereby certify that
Resolution No. 96-25 was duly and regularly adopted by the City Council of the City of
Temecula at a regular meeting thereof held on the 27th day of February, 1996 by the following
vote:
AYES: 3 COUNCILMEMBERS: Roberts, Stone, Lindemans
NOES: 0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
ABSTAINED: 2 COUNCILMEMBERS: Birdsall, Stone
June S. Greek, Cmc
City Clerk
@W&25