Resolution 98-14
Resolution No. ~lR..)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE,
TEXAS, CHANGING AUTHORIZED REPRESENTATIVES FOR TEXPOOL
(TEXAS LOCAL GOVERNMENT INVESTMENT COOPERATIVE).
WHEREAS, the City of Wylie ("Participant") is 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 investment 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 objective in order of priority are
preservation and safety of principal, liquidity and yield consistent with the Public Funds Investment
Act.
NOW THEREFORE, be it resolved as follows:
That the individuals, whose signatures appear in this 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.
That an Authorize 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
That the Participant may by Amending Resolution signed by the Participant add an Authorized
ckepresentative provided that 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.
~llins CJJ .
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City Manager
972/442-8120
Director of Finance
972/442-8141
Resolution No. 9~-(4 (y:.)
Page 2
~lins
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Accountant
972/442-8140
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 Participation Agreement.
Brady Snellgrove
In addition, and at the option of the Participant, one additional Authorized Representative can
be designated to perform only inquiry of selected information. This limited representative cannot
make deposits of withdrawals. If the Participant desires to designate a representative with inquiry
rights only, the following information will need to be completed.
N/A
N/A
Name
Title
That 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.
This Resolution is hereby introduced and adopted by the Participant at its special meeting held
on the 21 day of July, 1998.
NAME OF PARTICIPANT:
CITY OF WYLIE
ATTEST:
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