R2003-0001 01-13-03An Investment Service for Public Funds
Resolution R2003-1
Authorizing Participation in TexPool/TexPool Prime
and
Designating Authorized Representatives
WI-IEREAS, City of Peartand
("Participant") is a local government or state agency of the State of Texas and is empowered to delegate to the public funds
investment pools the authority to invest funds and to act as custodian of investments purchased with local investment funds;
and
WltEREAS, 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
WI-IEREAS, the Texas Local Government Investment Pools ("TexPoolfrexPool Prime"), public funds investment
pools, were 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 TItEREFORE, be it resolved as follows:
A. That Participant shall enter into a Participation Agreement to establish an account in it's name in
TexPool/TexPool Prime, for the purpose of transmitting local funds for investment in TexPooFTexPool Prime.
Bo
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/TexPool Prbne 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. '
List of 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 William Eisen Title City Manager
(281 ) 652-1663/(281 ) 652-1708/be±sen@c±. pear land. tx. us
Phone/Fax/Email
Signature
2. Name Mary Ross
Title Director of Finance
Phone./Fax/Email (281) 652-1672/(281) 652-1707/mrossOci.pearland. tx.us
3. Name Cynthia Sot@ Title Asst. Director of Finance
Phone/Fax/Email (281) 652-1671/(281) 6~T-1707/csotoOci.pearland. tx.us
/
ORIGINALS REQUIRED TEX - ENROLL
List the name of the Authorized Representative provided above that will have primary responsibility for performing
transactions and receiving confirmations and monthly statements under the Participation Agreement.
Name: Cynthia Soto
In addition and at the option of the Participant, one additional authorized representative can be designated to perform
inquiry only of selected information. This limited representative cannot make deposits or withdrawals. If the
Participant desires to designate a representative with inquiry rights only, complete the following information.
4. Name Janet Eastburn Title Staff Accountant II
Phone/FaydEmail (281)6~52-1669~,(281)652-1707/jeastburn@ci.p&arland.tx.us
Signature
C. That this tion and its authorization shall continue in full force and effect until amended or revoked by the
Participant, and until TexPool/TexPool Prime 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
Day of danuary 13 ,20 03
PARTICIPANT ltv of Peartand
Signature
lom Reid
Printed Name
Mayor
Tire
ATTEST:
sii~y~Unq ~rfi ng, TRMC
Pr.al'ed Name
City Secretary
Title
OFFICIAL SEAL
ORIGINALS REQUIRED TEX - ENROLL