Resolution 92-11
An Investmnlt Service/or Public Funds
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WHEREAS, THE CITY OF WYLIE
is a political subdivision of the State of Texas (the "Participant") 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, it is in the best interest of the Participant and its inhabitants to invest
local funds in investments that yield the highest possible rate of return while providing
necessary safekeeping and protection of the principal; 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 maint~;n;ng complete safety of the funds of the Participant,
NOW, THEREFORE, be it resolved as follows:
1. That THE CITY OF WYLIE, TEXAS
shall establish an account in its name with the Trust Company's
Local Government Investment Pool, "TexPool", for the purpose of transmit
ting local funds for investment by the Trust Company in TexPool.
2. That the following individuals, whose signatures appear on page 2 of this
Resolution, are officers or employees of the Participant and are each hereby
authorized to transmit funds to the Trust Company for investment in TexPooI
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)
I'
Name BLj;O~ Title Finance Director
Signature
Name Title Accounting Supervisor
Signature
Name Anita Collins Title Tax Analyst
Signature ~ Cali~~
3. That this resolution and its authorization 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, until such time the Trust Company
is entitled to rely on same.
This resolution is hereby introduced and adopted by the Participant at its regular/special
meeting held on the oZJ..vt. day of r-S~~
, 19 9'.;t
Name of Participant
City of Wylie, Texas
By:
JO#N IAJ, ~AJ
Printed Name
ATTEST
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Title
TITLE
City Secretary
OFFICIAL SEAL