Resolution 2015-12 - Reso. 2015-12 - TexasTERM for investments - 8-4-15 - 8/4/2015Resolution 2015 -12
Participation Agreement
* * * **
Authorizing Participation in TexasTERM
WHEREAS City of Huntsville ( "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 TexasTERM Local Government Investment Pool ( "TexasTERM "), a public funds investment pool,
was created on behalf of entities whose investment objectives 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 as follows:
A. That Participant shall enter into a Participation Agreement to establish an account in its name in TexasTERM, for
the purpose of transmitting local funds for investment in TexasTERM.
B. The Participant shall designate one or more individuals to act as "Authorized Representatives" of the Participant,
in the manner provided in the form attached to this Participation Agreement, to transmit funds for investment in the
Pool and to withdraw funds from the Pool from time to time, to issue letters of instruction, and take such other
actions deemed necessary or appropriate for the investment of local funds.
C. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the
Participant, and until TexasTERM receives a copy of any such amendment or revocation.
This Resolution is hereby introduced and adopted by the Participant at its regular meeting held on the 4th day of
August, 2015.
NAME OF PARTICIPANT: The City of Huntsville
BY:
Printed Name
ATT
Printed name
Title