HomeMy WebLinkAboutR-2000-09
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RESOLUTION 00-09
A RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES FOR THE CITY OF
LA PORTE, TEXAS; MAKING CERTAIN FINDINGS; FINDING COMPLIANCE WITH
THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF.
WHEREAS, The City of La Porte (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 Local Government Investment Pool ("LOGIC"), 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. Following is the list of Authorized Representatives of the Participant.
These individuals will be issued P.I.N. numbers.
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Name: Cynthia B. Alexand r
Signature
Title: Finance Director
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Name: Michael Dolby . Title: Assistant Finance Director
Signature ~lIkL.Ba11t.
Name: Shelly Hart ' ..,,- "I:: Accountant/Investment Officer
Signature . ML.~ J.Jo., ~;:t-
The Authorized Representative with primary responsibility for performing transactions
and receiving confirmations and monthly statements under the Participation Agreement
is Shelly Hart.
SECTION 3. The City Council officially finds, determines, recites and declares that
a sufficient written notice of the date, hour, place and subject of this meeting of the City
Council was posted at a place convenient to the public at the City Hall of the city for the
time required by law preceding this meeting, as required by the Open Meetings Law,
Chapter 551, Texas Government Code; and that this meeting has been open to the public
as required by law at all times during which this ordinance and the subject matter thereof
has been discussed, considered and formally acted upon. The City Council further ratifies,
approves and confirms such written notice and the contents and posting thereof.
SECTION 4. This res<?lution shall become effective fourteen (14) days after its
passage and approval. The City Secretary shall give notice to the passage of the notice
by causing the caption to be published in the official newspaper of the City of La Porte at
'east twice within ten (10) days after the passage of the Ordinance. Additionally, this
resolution and its authorization shall continue in full force and effect until amended or
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revoked by the Participant, and until LOGIC receives a copy of any such amendment or
revocation.
PASSED, APPROVED, AND RESOLVED this the~ay of
CITY OF LA PORTE
,2000.
BY:~~
NO MAN M.A: 0 , yor
ATTEST:
BY*t~ ~AJ1Jd
MAR HA GILL IT
City Secretary