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<br />. <br /> <br />RESOLUTION 99-3'lD <br /> <br />. <br /> <br />RESOLUTION MlENDING AUTHORIZED REPRESENTATIVES <br /> <br />- <br />WHEREAS, The City of LaPorte (participant) is a local government of the State of Texas and is empowered to delegate <br />to a public funds investment pool the authority to invest funds and to act as custodian of investments purchased with local <br />investment funds; and <br /> <br />WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for the <br />preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and <br /> <br />WHEREAS, the Texas Local Government Investment Pool ("TEXPOOL"), a public funds investment pool, was created <br />on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity, and <br />yield consistent with the Public Funds Investment Act. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: <br /> <br />A. That the individuals, whose signatures appear below, are Authorized Representatives of the Participant and are each <br />hereby authorized to transmit funds for investment in TEXPOOL and are each further authorized to withdraw funds <br />from time to time, to issue letters of i9struction, and to take all other actions deemed necessary or appropriate for the <br />investment of local funds. <br /> <br />B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by all remaining <br />Authorized Representatives provided that the deleted Authorized Representative (1) is assigned job duties that no <br />longer require access to the Participant's Texpool account or (2) in no longer employed by the Participant; and <br /> <br />C. That the participant may by Amending Resolution signed by the Participant add an Authorized Representative <br />provided the additional Authorized Representative is an officer, employee, or agent of the Participant; <br /> <br />List of the authorized representatives of the Participant. These individuals will be issued P.I.N. numbers. <br /> <br />Name: JeffF. Litchfield <br /> <br />Signature <br /> <br /> <br />- <br /> <br />Name: Cynthia B. Alexander <br /> <br />Signature <br /> <br />Name: Shelley Hart <br /> <br />" <br /> <br />Title: Accountant/Investment Officer <br /> <br />Signature c.M-u~.l~ ~ <br /> <br />The Authorized' Representative with primary responsibility for performing transactions and receiving confirmations and <br />monthly statements under the Participation Agreement is Shelley Hart. <br /> <br />D. That this resolution and its authorization shall continue in full force and effect until amended or revoked by the <br />Participant, and until TEXPOOL receive:s a copy of any such amendment or revocation. <br /> <br />PASSED AND APPROVED this the 22nd day of November 1999. <br /> <br />Jsr OF LA PORTE, TEXAS <br />/~r~__'/v- <br /> <br />Nomlan Malone, Mayor <br /> <br />~~ ~xo <br /> <br />Martha Gillett, City Secretary ~ <br /> <br />