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HomeMy WebLinkAboutR-1999-37 e RESOLUTION 99-31 . RESOLUTION ANlENDING 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 InVE!stment Pool (illOGIC"), a public funds investment pool, was created on behalf of entities whose investment clbjective 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 signatums 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 ---........ Title: Accountant/Investment Officer Name: Cynthia B. AJexand r Signature Name: Shelley Hart Signature ...dL~ ~ The Authorized Representative with primary responsibility for perfonning transactions and receiving confirmations and monthly statements under the Participation Agreement is Shelley Hart. 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 22nd day of November, 1999. ~CITY. OF LA PORTE, TEXAS ~Z- rman one, Ma or