HomeMy WebLinkAboutR-1999-36
.
RESOLUTION 99-3'lD
.
RESOLUTION MlENDING 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 i9struction, 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: JeffF. Litchfield
Signature
-
Name: Cynthia B. Alexander
Signature
Name: Shelley Hart
"
Title: Accountant/Investment Officer
Signature c.M-u~.l~ ~
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 receive:s a copy of any such amendment or revocation.
PASSED AND APPROVED this the 22nd day of November 1999.
Jsr OF LA PORTE, TEXAS
/~r~__'/v-
Nomlan Malone, Mayor
~~ ~xo
Martha Gillett, City Secretary ~