HomeMy WebLinkAboutCity Council Resolutions (R-95-1091)-02/21/1995
RESOLUTION R-95-1 091
A RESOLUTION AUTHORIZING CERTAIN CITY OF COLLEYVILLE EMPLOYEES TO
PURCHASE INVESTMENTS FROM COMERICA BANK 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, Comerica Bank 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
Co II eyville; and
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVI LLE, TEXAS:
I Sec. 1: That Terry Leake, Finance Director and Debby Scott, Assistant to the
Finance Director be authorized and empowered to purchase investments
from Comerica Bank.
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 ofS ayes and-lLnays and.J;Labstentions on this the dl!J
fiJ,rl.L4ry . 1995.
day of
ATTEST:
CITY OF COLLEYVILLE:
ean Harris, CMC
City Secretary
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