HomeMy WebLinkAboutCity Council Resolutions (R-95-1087)-02/07/1995
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RESOLUTION R-95-1087
A RESOLUTION AUTHORIZING CERTAIN CITY OF COLLEYVILLE EMPLOYEES TO
PURCHASE INVESTMENTS FROM NATIONSBANC CAPITAL MARKETS ON BEHALF
OF THE CITY OF COLLEYVILLE.
WHEREAS, From time to time the City of Colleyville desires to invest funds in
accordance with Ordinance 0-91-834; and
WHEREAS, NationsBanc Capital Markets, Inc. as an authorized broker/dealer from
whom the City may purchase investments, has requested that the City,
authorize employees who are empowered to make investment purchases
for the City of Colleyville; and
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVI LLE, TEXAS:
Sec. 1:
That Terry Leake, Finance Director and Debby Scott, Assistant to the
Finance Director be authorized and empowered to purchase investments
from NationsBanc Capital Market.
Sec. 2:
That perm issible investment purchases are limited to those investments
authorized by Ordinance 0-91-834; the permissible investments are as
follows: obligations of the United States or its agencies, direct obligation of
the State of Texas or its agencies.
Sec. 3:
That it is hereby officially found and determ ined that the meeting at which
this Resolution is passed a quorum is present and voting and that this
Resolution does not conflict with the Charter of the City of Colleyville.
AND IT IS SO RESOLVED.
Passed by a vote of.5:.-ayes and-D..,nays and~abstentions on this the '1tJ.. day of 1i:b..ru..4r
_' 1995.
ATTEST:
CITY OF COLLEYVILLE:
ean Harris, CMC
City Secretary