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Res 07-76 Amending the Authorized Signers on the Accounts with TexPoolTOWN OF WESTLAKE RESOLUTION NO. 07-76 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS, AMENDING THE AUTHORIZED SIGNERS ON THE TOWN OF WESTLAKE ACCOUNTS WITH THE TEXAS LOCAL GOVERNMENT INVESTMENT POOL ("TEXPOOL"). WHEREAS, The Town of Westlake ("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 Texas Local Government Investment Pool ("TexPool/ Texpool Prime'), a public funds investment pool, were 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 BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE: SECTION 1: That the individuals, whose signatures appear in this Resolution, are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TexPool / TexPool Prime 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 Participant 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 Participant's TexPool / TexPool Prime account or (2) is no longer employed by the Participant; and SECTION 3: That the Participant may be Amending Resolution signed by the Participant or adding an Authorized Representative provided the additional Authorized Representative is an officer, employee, or agent of the Participant; List the Authorized Representatives of the Participant. Any new individuals will be issued personal identification to transaction business with TexPool Participant Services 1 Title: Interim Town Manager Phone Number: 817-490-5720 2. Name: Debbi . Piper Signature: i • R. ' M - �r4���� Title: Finance Director Phone Number: 817-490-5712 Title: Mayor Pro -Tem Phone Number: 817-491-2954 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: Debbie J. Piper E -Mail: dpiper cC)westlake-tx.org Fax Number: 817-430-1812 SECTION 4: That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation. This resolution is hereby introduced and adopted by the Participant at its regular/special meeting held on the 26"' day of November, 2007 PASSED AND APPROVED ON THIS 26TH DAY OF NOVEMBER 2007. ATTEST: ye��� 14Sutter, TRMC, Town Secretary APPROVED AS TO FORM: Attorney Ga-G� Scott Bradley, Mayor Jo H�rirn Town M ager 2