HomeMy WebLinkAbout027263 RES - 05/15/2007RESOLUTION
APPROVING THE CORPORATE RESOLUTION OF SOUTH TEXAS
AGGREGATION PROJECT, INC. REGARDING TRANSFER OF FUNDS
TO A.G. EDWARDS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. The City Council approves of the attached South Texas Aggreation
Project, Inc. Corporate Resolution to transfer funds from Edward Jones to A.G.
Edwards. The City Manager or his designee is authorized to execute all
documents necessary for such transfer of funds.
SECTION 2. This Resolution shall take effect and be in full force immediately after its
adoption by the City Council
ATTEST:
TC&KI-
Armando Chapa iry Garr tt
City Secretary
THE CITY OF CORPUS CHRISTI
4m4fie-
APPROVED: May 1, 2007
Lisa Aguilar
Assistant City Attorney
For City Attorney
Mayor
0 2 7 2 ti's
SOUTH TEXAS AGGREGATION PROJECT, INC.
CORPORATE RESOLUTION
WHEREAS the South Texas Aggregation Project, Inc. (STAP) assesses its members an
aggregation fee to provide vvorking cash. and
WHEREAS STAP has a fiduciary responsibility to invest and protect its funds; and
WHEREAS the S"I AP Board of Directors at its meeting on Friday, April 13, 2007 voted
unanimously to moN e its investments from Edward Jones to A.G. Edwards; and
WHEREAS this resolution is effective immediately upon email approvals of a majority
of Board members and the signature of the Chairman of the Board.
THEREFORE, BE IT RESOLVED by the Board of Directors of the South Texas
Aggregation Project. Inc. that the Corporation's Treasurer, David Smith, may take necessary
steps to place STAP funds with A.( Edwards.
Attest:
Geoffrey M. Gav
General Counsel
Date
James Darling
Chairman
Date
Corpus Christi, Texas
of
2007
The above resolution was passed by the following vote:
Henry Garrett
Brent Chesney
Melody Cooper
Jerry Garcia
Bill Kelly
Rex A. Kinnison
John E Marez
Jesse Noyola
Mark Scott
TIO
0o 2r