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to make impartial investment decisions. Employees and investment officials shall disclose tote City <br />Manager any material financial interests in financial institutions that conduct business within this <br />Jurisdiction, and they shall further disclosea y large personal financial/investment positions that could <br />be related tote performance of the City, particularly with regard tothe time of purchases and sales. <br />The investment officer must file a disclosure statement with the Texas Ethics Commission and the <br />governing body if the officer has a personal business relationship (as defined in 2256.005 (i) (1-3) with a <br />business organization offering toengage in an investment transaction with the City. A disclosure <br />statement must also be filed by the investment officer if the investment officer is related within the <br />second degree by affinity or consanguinity as determined under Chapter 573 of the Texas Government <br />Code, to an individual seeking to transact investment business with teentity. <br />0 W . 1, - =MlW##r.M(MV"Mff435n7ff1WMff MUMMIMMI ITOYMM MUFaME, rOTIVM Film, <br />uuja�g=jo PMIJIMI I <br />TVY I <br />National Association of Security Dealers certification, trading resolution, proof of state registratio <br />'Ri-n <br />Oe Finp.,nce Director. <br />A current audited financial statement is required to be on file for each financial institution and <br />broker/dealer in is the City of Paris invests. <br />The City of Paris is empowered by statue to invest in the Types of securities authorized by Chapter 2256 <br />of the Government Code. Even if allowed by the Public Funds Investment Act, the City of Paris will not <br />invest in securities known as "collateralized debt obligations" is are pools of debt that include sub- <br />prime mortgages. <br />MIILCOA—m 9-04 $175 0 V.04 9 [0112 <br />Collateralization will be required on two types of investments: certificates of deposit and repurchase <br />(and reverse) agreements. In order to anticipate market changes and provide a level of security for all <br />funds, the collateralization level will be 100% of market value of principal and accrued interest. <br />The City of Paris chooses to limit collateral to the extent it is limited by Article 105 Revised Civil Statues <br />of Texas. Collateral will always be held by an independent it party with whom teentity has a <br />current custodial agreement. A clearly are evidence of ownership (safekeeping receipt) must be <br />supplied to teentity and retained. The right of collateral substitution is granted. <br />01 1 1 1 , # <br />1W11 11MIJIVAI IN 11W1411 R1 UE14MI ILI I I . . 0 ILI OATA jjj PRISM01MIM Milo - Inrimmil <br />