HomeMy WebLinkAboutRes 07-76 Amending the Authorized Signers on the Accounts with TexPoolTOWN OF WESTLAKE
RESOLUTION NO. 07-76
A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS,
AMENDING THE AUTHORIZED SIGNERS ON THE TOWN OF WESTLAKE ACCOUNTS
WITH THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL ("TEXPOOL").
WHEREAS, The Town of Westlake ("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, 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/ Texpool Prime'), a
public funds investment pool, were 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 BY THE BOARD OF ALDERMEN OF THE TOWN
OF WESTLAKE:
SECTION 1: 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 Prime 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.
SECTION 2: That an Authorized 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 /
TexPool Prime account or (2) is no longer employed by the Participant; and
SECTION 3: That the Participant may be Amending Resolution signed by the Participant or
adding an Authorized Representative provided the additional Authorized Representative is an officer,
employee, or agent of the Participant;
List the Authorized Representatives of the Participant. Any new individuals will be issued personal
identification to transaction business with TexPool Participant Services
1
Title: Interim Town Manager
Phone Number: 817-490-5720
2. Name: Debbi . Piper
Signature:
i • R. ' M
- �r4����
Title: Finance Director
Phone Number: 817-490-5712
Title: Mayor Pro -Tem
Phone Number: 817-491-2954
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: Debbie J. Piper
E -Mail: dpiper cC)westlake-tx.org
Fax Number: 817-430-1812
SECTION 4: That this Resolution and its authorization shall continue in full force and effect
until amended or revoked by the Participant, and until TexPool Participant Services 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 26"' day of November, 2007
PASSED AND APPROVED ON THIS 26TH DAY OF NOVEMBER 2007.
ATTEST:
ye���
14Sutter, TRMC, Town Secretary
APPROVED AS TO FORM:
Attorney
Ga-G�
Scott Bradley, Mayor
Jo H�rirn Town M ager
2