1999-054RESOLUTION NO. 99-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, AMENDING THE CITY OF
SOUTHLAKE'S AUTHORIZED REPRESENTATIVES
WITH "TEXPOOL".
WHEREAS, the City of Southlake is 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 City of Southlake 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 CITY COUNCIL OF
THE CITY OF SOUTHLAKE, TEXAS:
Section 1. That the individuals, whose signatures appear in this Resolution, are Authorized
Representatives of the City of Southlake 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 City of Southlake 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 City of Southlake's TexPool account or (2) is no longer employed by the Participant; and
Section 3. That the City of Southlake may by Amending Resolution signed by the City of
Southlake add an Authorized Representative provided the additional Authorized Representative
is an officer, employee, or agent of the City of Southlake;
Resolution No 99-54
Page 2
List the Authorized Representatives of the City of Southlake. These individuals will be issued
P.I.N. numbers.
1. Name
BfLe
itle City Manager
Signature Direct Phone Number (817) 481-5581 (x701)
2. Name STitle City Secretary
Signature v4 Direct Phone Number (817) 481-5581 (004)
3. Name Lynn Martinson Title Chief Accountant
Signatureg fir` Direct Phone Number (817) 481-5581 (x833)
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 Lynn Martinson, Chief Accountant
Section 4. That this Resolution and its authorization shall continue in full force and effect
until amended or revoked by the City of Southlake, and until TexPool receives a copy of any
such amendment or revocation.
PASSED AND APPROVED this the 1,4 day of / , 1999.
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CITY OF SOUTHLAKE, TEXAS
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Sandra L. LeGrand
City Secretary
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