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<br />. <br /> <br />. <br /> <br />ORDINANCE NO. 1802 <br /> <br />AN ORDINANCE ADOPTING THE CITY OF LA PORTE INVESTMENT POLICY DATED <br />JANUARY 13, .1992~ PROVIDING A SEVERABILITY CLAUSE~ CONTAINING A <br />REPEALING CLAUSE~ FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW~ AND <br />PROVIDING AN EFFECTIVE DATE HEREOF. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: <br /> <br />Section 1. The City Council of the City of La Porte hereby <br />adopts the "City of La Porte Investment Policy" dated January 13, <br /> <br />1992, a true and correct copy of which is attached to this Ordinance <br /> <br />as Exhibit "A", incorporated by reference herein, and made a part <br /> <br />hereof for all purposes. <br /> <br />Section 2. The "City of La Porte Investment policy" is <br /> <br />intended to comply in all respects with the Public Funds Investment <br />Act of 1987, codified as Article 842a-2, Public Funds Investment <br /> <br />Act, of the Texas Revised Civil Statutes. The "City of La Porte <br /> <br />Investment policy" shall hereafter be deemed to be amended to <br /> <br />embrace any subsequent amendments to the said Public Funds <br /> <br />Investment Act of 1987, so as to conform to the terms and provisions <br /> <br />of said Act. <br /> <br />Section 3. If any section, sentence, phrase, clause, or any <br /> <br />part of any section, sentence, phrase, or clause, of this ordinance <br /> <br />or the City of La Porte Investment Policy Manual hereby adopted, <br /> <br />shall for any reason, be held invalid, such invalidity shall not <br /> <br />affect the remaining portions of this Ordinance, or said Investment <br /> <br />policy Manual, and it is hereby declared to be the intention of this <br /> <br />City Council to have passed each section, sentence, phrase or <br /> <br />clause, or part thereof, irrespective of the fact that any other <br /> <br />section, sentence, phrase or clause, or part thereof, may be <br /> <br />declared invalid. <br /> <br />Section 4. <br /> <br />The City Council officially finds, determines, <br /> <br />recites and declares that a sufficient written notice of the date, <br /> <br />hour, place and subject of this meeting of the City Council was <br /> <br />posted at a p.1ace convenient to the public at the City Hall of the <br /> <br />City for the time required by law preceding this meeting, as <br />required by the Open Meetings Law, Article 6252-17, Texas Revised <br />Civil Statutes Annotated: and that this meeting has been open to the <br /> <br />. <br /> <br />public as required by law at all times during which this ordinance <br />