Resolution 2001-12
RESOLUTION NO. ~I - lOt W
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS, CHANGING AUTHORIZED REPRESENTATIVES
FOR TEXPOOL (TEXAS LOCAL GOVERNMENT INVESTMENT
COOPERA TIVE)
WHEREAS, the City of Wylie ("Participant") is a local government of the State of
Texas and is empowered to delegate to a public funds investment pool the authority to
invest funds and to act as custodian of investments purchased with local investments
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 Pool ("Texpool"), 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 with the
Public Funds Investment Act~
NOW THEREFORE, BE IS RESOLVED, by the City Council of the City of Wylie,
Texas, that
The individuals whose signatures appear in the Resolution are Authorized
Representatives of the Participant 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~ and
An Authorized Representative of the Participant may be deleted by a written
instrument signed by all remaining Authorized Representatives provided that the
deleted Authorized Representative (1) is assigned job duties that no longer require
access to the Participant's Texpool account or (2) is no longer employed by the
Participant~ and
The Participant may, by amending resolution signed by the Participant, add an
Authorized Representative provided the additional Authorized Representative is an
officer, employee, or agent of the Participant.
Authorized Representatives of the Participant. These individuals will be issued
PIN numbers.
~~
Anthony J~ity Manager
972-442-8121
Mind~~Manager
972-442-8124
Listed below is the name of the Authorized Representative from those listed above
that will have primary responsibility for performing transactions and receiving
confirmations and monthly statements under the Participating Agreement.
Brady E. Snellgrove, Finance Director
In addition, and at the option of the Participant, an additional Authorized
Representative can be designated to perform only inquiry of selected information.
This limited representative cannot make deposits or withdrawals. Following is the
information of a representative that the Participant wishes to designate with inquiry
rights only.
Ron Hutchison, Assistant Finance Director
This resolution and its authorization supersede all prior resolutions and shall
continue in full force and effect until amended or revoked by the Participant and
until Texpool receives a copy of any such amendment or revocation.
Duly passed and approved by the City Council of the City of Wylie, Texas on this the
13th day of November, 2001.
NAME OF PARTICIPANT
CITY OF WYLIE
J2
ATTEST
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