R-2006-23 amend authorized representatives to TEXPOOL

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RESOLUTIO~-~ A RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES TO THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL ("TEXPOOL") FOR THE CITY OF LA PORTE, TEXAS; MAKING CERTAIN FINDINGS; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEROF. WHEREAS, The City of La Porte, 77670 (Participant) is a local government of the State of Texas and is empowered to delegate to a public funds investment pool the authority to invest funds and to act as custodian of investments purchased with local investment funds; and WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for the preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and WHEREAS, the Texas Local Government Investment Pool ("TEXPOOL"), a public funds investment pool, was created on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: SECTION 1. That the individuals, whose signatures appear below, are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TEXPOOL and are each further authorized to withdraw funds from time to time, to issue letters of instruction, and to take all other actions deemed necessary or appropriate for the investment of local funds. SECTION 2. That an Authorized Representative of the Participant may be deleted by a written instrument signed by all remaining Authorized Representatives provided that the deleted Authorized Representative (1) is assigned job duties that no longer require access to the Participant's TEXPOOL account or (2) in no longer employed by the Participant; and SECTION 3. That the participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Authorized Representative is an officer, employee, or agent of the Participant; SECTION 4. Following is a list of the Authorized Representatives of the Participant. These individuals will be issued P.I.N. numbers. Signature Name: Michael Dolby Name: Shelley Wolny Title: Bud e ~ ') 11 '/7 Signature tutti J..3' L(;(Qj(/}L(f- Name: Phyllis Rinehartq. . ,..Tltle: Control.ler Sign at e ~LltL) a'1t~{lLt f The Authorized Representative with primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement is Phyllis Rinehart.