HomeMy WebLinkAboutR-1996-02
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RESOLUTION 96....02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS,
DESIGNATING CERTAIN INDIVIDUALS TO BE RESPONSIBLE FOR THE INVESTING
OF THE CITY'S FUNDS.
WHEREAS, the Ci ty of La Porte, Texas
political subdivision of the State of Texas
comply with the Public Funds Investment Act,
Government Code (the "Act"); and
(the "City") is a
and is required to
Chapter 2256, Texas
WHEREAS, this Act requires the City to designate one or more
officers or employees of the City to be responsible for the
investment of its funds.
NOW, THEREFORE, be it resolved as follows:
1. That the following individuals, whose signatures appear
below are officers or employees of the City and are
hereby authorized. to engage in investment transactions
for the City of La Porte.
Name Cynthia B. Alexander
Title Assist. Fin. Director
Signature
Name Jeff Litchfield
Title Finance Director
Signature
Name Rick Overqaard
Title Cash Manaqer
Signature
2. That this resolution and its authorization shall continue
in full force and effect until amended, revoked or until
termination of the individuals employment by the City.
This resolution is hereby introduced and adopted by the City at its
regular meeting held on the 8th day of January, 1996.
City of La Porte
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Norman alon:f, Mayor