HomeMy WebLinkAbout024209 RES - 09/12/2000 RESOLUTION
AUTHORIZING PARTICIPATION IN TEXPOOL AND
DESIGNATING AUTHORIZED REPRESENTATIVES
WHEREAS, the City of Corpus Christi CCity') is a local government of the State of Texas
and is empowered to delegate to a public fimds investment pool 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 City 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 Pool CTexPool"), a public funds
investment pool, was created on behalf of entities whose investment objectives in order of priority
are preservation and safety of principal, liquidity, and yield consistent xvith the Public Funds
Investment Act.
NOW THEREFORE, be it resolved as tbllows:
That the City Manager is authorized to execute a Participation Agreement to establish
an account in the name of the City of Corpus Christi in TexPool, for the purpose of
transmitting local funds for investment in TexPool.
That the individuals, whose signatures appear in this Resolution, are authorized
representatives of the City and are each hereby authorized to transmit funds 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.
List of authorized representatives of the City. These individuals will be issued P.I.N.
numbers.
Name Dorothea Montoya Title
Signature
Name David Hedberg Title
Signature
City Treasurer
Investment Analyst
H:iLEG-DIR~VERONICA~LISA/ORD2/ORD2.167
0 4209
Name Audre Debler Title Chief Accountant
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 Dorothea Montoya
That this resolution and its authorization shall continue in full force and effect until
amended or revoked by the City, and until TexPool receives a copy of any such
amendment or revocation.
ATTEST:
Armando Chapa, City Secretary
Legal form approved CtA~
By:
The City of Corpus Christi
2000; James R. Bray, Jr., City Attorney
Lisa Aguilar,(~ssistant City Attorney
H:I,LEG-DIR/VERON[CA/LISAI,ORD2/ORD2167
Corpus Christi, Texas
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Henry' Garrett
Dr. Amoid Gonzales
Rex A. Kinnison
Betty Jean Longoria
John Longoria
Mark Scott
024209