R260RESOLUTION NO. 262
A RESOLUTION AMENDING AUTHORIZED REPRESENTATIVES OF
TEXPOOL LOCAL GOVERNMENT INVESTMENT POOL
WHEREAS, the City of Kennedale (the "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 City of Kennedale 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 Portfolio, a public funds
investment pool (a "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 HEREBY RESOLVED BY THE CITY COUNCIL OF
THE CITY OF KENNEDALE, TEXAS:
A. That the City of Kennedale shall amend authorized representatives, for the purpose
of transmitting local funds for investment in the TexasTERM series. The form of
application for amendment to this resolution is approved.
B. That the individuals, whose signatures appear in this Resolution, are Authorized
Representatives of the City of Kennedale and are each hereby authorized to transmit funds
for investment in the Pool 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.
C. That the City of Kennedale may by Amending Resolution change Authorized
Representatives provided the additional Authorized Representative is an officer, employee,
or agent of the City of Kennedale.
List of the Authorized Representatives of the City of Kennedale. These individuals
may be issued P.I.N. Numbers.
1. Name: Bob Hart Title: City Manager
2. Name: Sakura Moten-Dedrick Title: Finance Director
3. Name: Kathy Turner Title: City Secretary
List the name of the Authorized Representative provided above that will have
primary responsibility for performing transactions and receiving confirmations and
monthly statements under the Participation Agreement.
Name: Sakura Moten-Dedrick Title: Finance Director
D. That this Resolution and its authorization shall continue in full force and effect until
amended or revoked by the Participant, and until the Pool receives a copy of any such
amendment or revocation.
PASSED, ADOPTED AND APPROVED by the City Council of the City of Kennedale,
Texas, this the 13th day of November 2008.
APPROVED:
~y~ ~ k~~-
Bryan Lankhorst, Mayor
ATTEST:
Kathy Turner, City Secretary
~~
,o~'c`
~~ t'.~"~,~~
~. `
`
~
v J
Y" ~'~
_` r~
t
~~
~
; is 6lt..
~ll f{.:
_ Updates to TexasTERM Official Records
ERM please use this form to change the authorized representative(s) who may open or close accounts and
" initiate transactions on behalf of the entity or update entity address and contact information. Please indicate
who the new contact person is. L i ~/
Date: ~ L`?~ Name of Governmental Entity: C, i l ~/ ~~~ ~~Yl~'1.~~~~f,C~
Does this information apply to all accounts? (~ Yes. Or list accounts at bottom left.
Please use this section to update ylo`u-r'~entity's address and contact name.
Previous
Phone
Fax:
Date
New
Signatures of two Authorized Signers are required to update
Signature:
Attesting Signature:
These changes apply to * Please use t
listed Specific Accounts: Resolution app
Signatures to bE
Web address:
Email
lis section to update Authorized Signers. A copy of Minutes or
oving resignation or succession maybe used in place of actual
Removed. AN Authorized Signers should sign bottom section."
REPRESENTATIVES TO BE REMOVED:
Please Print: Signature
- - - - - - - - - - - - - - - - - - - -
**ALL AUTHORIZED REPRESENTATIVES:
Please Print: Sgnatu '
~7 + F~
}
f~
~~~~ ~ ~-~V~~~~ ~ ~
"The undersigned certify that any one of the persons signing below has the full authority and capacity to open an account with TexasTERM. The undersigned
affirm that I/We have received and read TexasTERM and TexasDAILY Information Statements and agree to be bound by their terms. The undersigned agree
that the certification, instructions and authorizations contained in the TexasTERM/DAILY Registration Form, will remain in effect until TexasTERM receives
written notice of change.