RESO 2002-13 - MBIA SignatoriesRESOLUTION NO. 2002-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, AMENDING THE AUTHORIZED
REPRESENTATIVES IN MBIA-MUNICIPAL INVESTORS SERVICE
CORPORATION.
WHEREAS, the City of Huntsville 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 City of Huntsville 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 Municipal Investors Service Corporation ("MBIA"), 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
HUNTSVILLE, TEXAS, that:
SECTION 1: The individuals, whose signature § appear in this Resolution, are the
Authorized Representatives of the City of Huntsville and are each hereby authorized to transmit
funds for investment in MBIA 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: An Authorized Representative of the City of Huntsville may be deleted by a
written instrument signed by all remaining Authorized Representatives provided that the deleted
Authorized Representative is: 1) assigned job duties that no longer require access to the City of
Huntsville's MBIA1 account, or 2) no longer employed by the City of Huntsville.
SECTION 3: The City ofHuntsville 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 City of Huntsville.
SECTION 4: Added below is the additional Authorized Representative of the City of
Huntsville. This individual will be issued a P.I.N. number:
1. Marcella Metz, Accounting Supervisor
(936) 291-5443
SECTION 5: This Resolution and its authorization shall continue in full
until amended or revoked by the City of Huntsville, and until MBIA receives
amendment or revocation.
INTRODUCED and ADOPTED by the City Council of the City of Huntsville at its
on this the 21st day of May 2002.
ATTEST:
Danna Welter, City Secretary
APPROVED AS TO FORM:
C. Isham, City Attorney
CITY OF HUNTSVILLE, TEXAS
William B. Green, Mayor
force and effect
a copy of such
regular meeting