HomeMy WebLinkAboutResolution No. 94-09 An Im,ea~tnent Service for P~bliv Fund~
RESOLUTION
WHEREAS, CITY OF THE COLONY
(the "Participant") is a political subdivision of the State of Texas and is empowered to
delegate to a public funds investment pool the authority to invest funds, to act as a custodian
of inveshxlents purchased with local invesh~ent funds; and
WHEREAS, it is in the best interest of the Participant and its inhabitants to invest local
funds in investments that yield the highest possible rate of return, while providing necessary
safekeeping and protection of the principal; and
WHEREAS, the Treasurer of the State of Texas, acting by and through the Texas
Treasury Safekeeping Trust Company (the "Trust Company"), has created "TexPool", a
public funds investment pool, to effectuate the goals of providing investments at the highest
possible yield and maintaining complete safety of the funds of the Participant,
NOW THEREFORE, be it resolved as follows:
A. That CITY OF THE COLONY
shall enter into a Participation Agreement to establish an account
in its name with the Trust Company's Local Government Invest-
ment Pool, "TexPool', for the purpose of transmitting local funds
for investment by the Trust Company in TexPool.
B. That the following individuals, whose signatures appear on page
2 of this Resolution, are officers, employees, or authorized
representatives of the Participant and are each hereby authorized
to transmit funds to the Trust Company for invesmxent 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:
(over)
Page 2
1. Name ~ames R. England Title Director of Finance
2. Name Charmyne Crowe Title Budget Coordinator
Signature ~ZZ/~--o-~d'L~.~ ~-~ZT~e.-,-~_.j
3. Name Ruthann Devlin Title Financial Coordinator
Signature ~(~~ ~ ~)~_/_ / ~'/~.
C. That this resolution and its authorization shaLl continue in full
force and effect until mended or revoked by the Participant, and
until the Trust Company receives a copy of any such amendment
or revocation. The Trust Company is entitled to rely on this
resolution until such time.
This resolution is hereby introduced and adopted by the Participant at its regular/special
meeting held on the 4th day of April , 19 94 .
Name of Participant City of The Colony
By:
v $igna~..~
William W. Manning
Printed Name
Mayor
Title
Signature
Patti A. Hicks
Printed Name
City Secretary
Title OFFICIA~ SEAL
,4n lnm~tment Service for Public Fnnds
CERTIFICATE OF INCUMBENCY
I, William W. Manning , hereby certify that I am the duly appointed
acting, and qualified Mayor
of the City of The Colony and that I am authorized to execute and
deliver this Certificate, and I do hereby fu_nher certify as follows:
INCUMBENCY
The following person is the duly appointed, acting, and qualified officer of the City of
The Colony who, in the capacity set forth below opposite
his/her name is authorized to execute the TexPool Participation Agreement:
NAME TITLE SPECIMEN SIGNATURE
James R. England Director of Finance ~ ~/~/.,i:~
IN WITNESS WHEREOF, I have duly executed this certificate as of the 4th day of
April ,19 94 ~, .
Signature ,; [~.,
Title
Mayor
'7/30/92