HomeMy WebLinkAboutR-1999-33
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RESOLUTION 99-3.3
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RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES
WHEREAS, 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 Local Government Invl~stment 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 CIlY 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 LOGIC 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.
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. Alexand
Signature
The Authorized Representative with primary responsibility for performing transactions and receiving
confirmations and monthly statements L~nder the Participation Agreement is Cynthia Alexander.
B. That this resolution and its authorization shall continue in full force and effect until amended or revoked by
the Participant, and until LOGIC receives a copy of any such amendment or revocation.
PASSED AND APPROVED this the 2ih day of September 1999.
%F LA. PORTE, TEXAS
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artha Gillett, City Se retary