HomeMy WebLinkAboutRes 03-09 Amending the Representatives on the Investment AccountsTOWN OF WESTLAKE
RESOLUTION NO. 03-09
A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF
WESTLAKE, TEXAS, AMENDING THE AUTHORIZED REPRESENTATIVES
ON THE TOWN'S INVESTMENT ACCOUNTS.
WHEREAS, the Town of Westlake 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"), 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 BY THE BOARD OF ALDERMEN
OF THE TOWN OF WESTLAKE, TEXAS:
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 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 account or (2) is no longer employed
by the Participant.
SECTION 3: That the Participant may, by amending Resolution signed by the
Participant, add an Authorized Representative provided the additional Authorized
Representative is an officer, employee, or agent of the Participant.
List the Authorized Representatives of the Participant. These individuals will be issued
P.I.N. numbers.
1. Name: Trent O. Petty- Title: Town Manager
Signature: Direct Phone Number: 817-430-0941
2. Name: Davm_ A. Lenzie Title: Assistant to the Town Manager
Signature: ;� , Direct Phone Number: 817-430-2837
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3. Name: Fred Ed Title: Mayor Pro Tem
Signature: _ _— -� Direct Phone Number: 817-379-5456
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: Daum A. Lenzie
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 or withdrawals. If the Participant desires to
designate a representative with inquiry rights only, complete the following information.
4. Name Todd Wood Title: Administrative Assistant
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 receives a
copy of any such amendment or revocation.
SECTION 5: That this Resolution shall become effective upon the date of its
passage.
PASSED AND APPROVED ON THIS 24T' DAY OF FEBRUARY 2003.
ATTEST:
Scott Bradley, Mayor
in r Crosswy, To Secretary Trent O. Petty, Town anager
APPROVED AS TO
L.
ACT: TRENT PETTY
LLAGE CIRCLE
LAKE, TX. 76262
) 430-0941
"'NEER*
[AAM ASSOCIATES, INC.
z ACT: DAVID M. SMITH, P.E.
'SIX FLAGS DR., SUITE 500
NGTON, TEXAS 76011
E<< 640-5535
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