HomeMy WebLinkAboutResolution No. 95-14 ORIGINAL
CITY OF THE COLONY~ TEXAS
RESOLUTION NO. 95-/0/
WHEREAS, The 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 investments purchased with local
investment 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 'Wrust Company"), has created "rexPool", 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 the City of The Colony has entered into a Participation Agreement and
has established an account in its name with the Trust Company's Local
Government Investment Pool, '~FexPool", for the purpose of transmitting local
funds for investment by the Trust Company in TexPool.
B. That the following individuals, whose signatures appear on this Resolution,
are officers, employees, or authorized representatives of the Participant and
are each hereby authorized to transmit funds to the Trust Company for
investment 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 he investment of local funds:
1. Name: Antonio Johnston Title: Director of Finance
Signature: ~ ~
2. Name: Gwen Mansfield Title: Budget Coordinator
Signature:
3. Name: Rutha~ Devlin Title: Fin~ci~Coordinator
C. That this resolution and its authorization shall continue in full force and effect
until amended 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 meeting
held on the 1st day of May, 1995.
Name of Participant:(~ity of Th~~olony, Texas
William W. Manning, Mayor
ATFEST:
Patti A. Hicks, TRMC
City Secretary