HomeMy WebLinkAboutResolution No. 2002-31 RESOLUTION NO. R2002-31
A RESOLUTION OF THE CITY OF FRIENDSWOOD,TEXAS,
AMENDING AUTHORIZED REPRESENTATIVES OF TEXAS
LOCAL GOVERNMENT INVESTMENT POOL ("TEXPOOL"),
A PUBLIC FUNDS INVESTMENT POOL.
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WHEREAS, The City of Friendswood, Texas, 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 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 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:
A. 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.
B. That an Authorized Representative of the Participant may be deleted by a written instrument
Signed by all remaining Authorize 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
C. That the Participant may be Amending Resolution signed by the Participant add an
Authorized Representative provided the additional Authorized Representative is an officer,
employee, or agent of the Participant;
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List the authorized Representatives of the Participant. These individuals will be issued P.I.N.
numbers to transact business via the phone with a participant service representative.
1. Name: Roger Roecker Title: Administrative Services Director
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Signature: l.t' Phone Number : 281/996-3211
2. Name: Cindy Edge Title: Supervisor of Accounting& Utili �Billing
Signature: Phone Number : 281/996-3224
List the name of the Authorized Representative listed above that will have primary responsibility for
performing transactions and receiving confirmations and monthly statements under the Participation
Agreement.
Name: Roger Roecker
Email: rroecker a�ci.friendswood.he.us
In addition and at the option of the Participant, one additional Authorized Representative can be
designated to perform only inquiry of selected information. This representative cannot make deposits
or withdrawals. If the Participant desires to designate a representative with inquiry rights only,
complete the following information.
4. Name: Ted Beason Title: Senior Accountant
D. That this Resolution and its authorization 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 regular/special
meeting held on the 20�'day May 2002.
NAME OF PARTICIPANT: CITY OF F DSWOO " '
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BY: � ,� � �.�
Harold L. Whitaker, Mayor
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PASSED,APPROVED,AND RESOLVED this 20th day of May 2002.
CITY OF FRIENDSWOOD
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Harold L. Whitaker
Mayor
ATTEST:
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D loris McKenzie, C
City Secretary
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