HomeMy WebLinkAboutResolution No. 2010-062Resolution
Authorizing Participation in TexPool/TexPool Prime
and
Designating Authorized Representatives
WHEREAS, \f
("Participant") is a local government or state agency of the State of Texas and is empowered to delegate to the public
funds investment pools 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 Pools ("TexPool/TexPool Prime"), public funds
investment pools, were created on behalf of entities whose investment objectives in order of priority are preservation and
safety of principal, liquidity, and yield consistent with the Public Funds Investment Act.
NOW THEREFORE, be it resolved as follows:
A. That Participant shall enter into a Participation Agreement to establish an account in it's name in
TexPool/TexPool Prime, for the purpose of transmitting local funds for investment in TexPool/TexPool
Prime.
B. That the individuals, whose signatures appear in this Resolution, are authorized representatives of the
Participant and are each hereby authorized to transmit finds for investment in TexPool/TexPool Prime and
are each further authorized to withdraw finds 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
to transact business via the phone with a Participant Service Representative.
1. Name
Phone/Fax/Email
Signature
2. Name
Phone./Fax/Emall
Signature
3. Name
)
ORIGINALS REQUIRED TEX - ENROLL
Title ~~~~C'. 1110
Phone/Fax/Email
Signature
List the name of the Authorized Representative provided above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation Agreement.
Name:
In addition and at the option of the Participant, one additional authorized representative can be designated to perform
inquiry only of selected information. This limited representative cannot make deposits or withdrawals. If the
Participant desires to designate a representative with inquiry rights only, complete the following information.
4. Name
Phone/Fax/Email
Title
C. That this resolution and its authorization shall continue in full force and effect until amended or revoked by the
Participant, and until TexPool/TexPool Prime receives a copy of any such amendment or revocation.
This resolution is hereby introduced and adopted by the Participant at its regular/special meeting held on the ..E. d,
Day of 20 It).
NAME OF
PARTICIPANT
BY: / /I-v
J
M(,-\
Title
ATTEST:
Signature
acne
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ORIGINALS REQUIRED TEX - ENROLL