1999-11-22 Regular Meeting - Laserfiche WebLink

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RESOLUTION 99-3(o RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES WHEREAS, The City of LaPorte (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: A. 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. B. 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 C. 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; List of the authorized representatives of the Participant. These individuals will be issued P.I.N. numbers. Name: Jeff F. Litchfield Signature Name: Cynthia B. Alexander Signature Name: Shelley Hart ,� Title: Accountant/Investment Officer Signature The Authorized Representative with primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement is Shelley Hart. D. That this resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TEXPOOL receives a copy of any such amendment or revocation. PASSED AND APPROVED this the 22"d day of November 1999. Cl, OF LA PORTE, TEXAS Norman Malone, Mayor ATTEST: kCitytt Martha Gillett, City Secretary4X0