HomeMy WebLinkAboutRES 94-232 - f
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An Inywment Scrvice for Public Funds
9 /- a 3a,
RESOLUTION
AMENDING AUTHORIZED REPRESENTATIVES
WHEREAS, the City of Beaumont, Texas
(the"Participant")is apolitical 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, 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;
WIMREAS, the Participant hereby requests the following changes regarding the
individuals authorized to act on behalf of the Participant;
NOW THEREFORE, be it resolved as follows:
A. That the City Manager
has entered into a Participation Agreement and has established an account
in its name with the Trust Company's Local Government Investment 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 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 the investment of
local funds:
(over)
23007 7/27/92
1. Name Kandy Daniel
Title City Treasurer
Signature
2. Name Beverly Hodges
Title e
Financ Officer
Signatu*e
3. Name Ray A. Riley
Title City Manager
Signature
C. That this resolution and its au rization 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.
This resolution is hereby introduced and adopted by the Participant at its regular/special
meeting held on the 13th day _ September
19 94
NAME OF PARTICIPANT City of Beaumont, Texas
By.
Signature
David W. Moore
Printed Name
Mayor
i Title
ATTEST
Printed Name
City Clerk
Title
OFFICIAL SEAL