R97-16 03-31-97 RESOLUTION NO. R97-16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AUTHORIZING AND APPROVING AN AMENDED PARTICIPA-
TION AGREEMENT WITH TEXPOOL, FOR PURPOSES OF AMENDING
THE LIST OF THE CITY'S AUTHORIZED REPRESENTATIVES.
WHEREAS, the City of Pearland ("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
investment funds; 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; and
WHEREAS, the Participant has entered into a Participation Agreement and has
established an account in its name in TexPool, for the purpose of transmitting local
funds for investment in TexPool; and
WHEREAS, the Participant hereby requests changes regarding the individuals
authorized to act on behalf of the Participant; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the individuals, whose signatures appear on page 2 of 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
actions deemed necessary or appropriate for the investment of local funds.
RESOLUTION NO. R97-16
List of authorized representatives of the Participant. These individuals will be
issued P.I.N. numbers. All confirmations and monthly statements will be mailed
to the attention of the first person listed (No. 1).
NAME: DAVID CASTILLO TITLE:
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DIRECTOR OF FINANCE
NAME' JANET EASTBURN TITLE:
SIGNATURE: '~~ ~
NAME: ~LGROHMAN ~ITLE:
SIGNATURE'
CHIEF ACCOUNTANT
CITY MANAGER
Section 2. That this Resolution and its authorization supercede 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.
PASSED, APPROVED and ADOPTED this the~/~r~'day of'~~/~..., ,
A. D., 1997.
TOM REID
MAYOR
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RESOLUTION NO. R97-16
ATTEST:
APPRO~ AS TO FORM:
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