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RESO 2001-13 - Amend Texpool RepsRESOLUTION NO. 2001-13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, AMENDING THE AUTHORIZED REPRESENTATIVES IN TEXPOOL. 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 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 HUNTSVILLE, TEXAS, that: SECTION 1: The individuals, whose signatures appear in this Resolution, are the Authorized Representatives of the City of Huntsville 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: 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 TexPool account, or 2) no longer employed by the City of Huntsville. SECTION 3: The City of Huntsville 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: Listed below are the Authorized Representatives of the City of Huntsville. These individuals will be issued P.I.N. numbers: Patricia Allen, Director of Finance (936) 291 -5440 -7)/rn:( c/ 2. Lee Ann Victery, Adm. Coordinator for Finance (936) 291-5435 Susan Kilgore, Finance Adm. Assistant (936) 291-5440 4. Susan Dean, Accountant (936) 291-5486 SECTION 5: Lee Ann Victery will be the Authorized Representative with primary responsibility for performing transactions and receiving confninations and monthly statements under the Participation Agreement. SECTION 6: In addition, one additional Authorized Representative is designated to perform only inquiry of selected infoimation. This limited representative cannot make deposits or withdrawals. 5. Bob Hart, City Manager (936) 291-5400 SECTION 7: This Resolution and its authorization shall continue in full force and effect until amended or revoked by the City of Huntsville, and until TexPool receives a copy of such amendment or revocation. INTRODUCED and ADOPTED by the City Council of the City of Huntsville at its regular meeting on this the 24th day of April 2001. CIZI.)1(0 ITSVIL , TEXAS William B. Green, Mayor A TEST: Danna Welter, City Secretary APPROVED AS TO FORM: