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2003-005-RES AFFIRMING THAT THE CITY OF PARIS HAS COMPLIED WITH THE REQUIREMENTS OF THE PUBLIC FUNDS INVESTMENT ACT
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2003-005-RES AFFIRMING THAT THE CITY OF PARIS HAS COMPLIED WITH THE REQUIREMENTS OF THE PUBLIC FUNDS INVESTMENT ACT
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Last modified
8/18/2006 4:28:27 PM
Creation date
3/10/2003 7:46:29 PM
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CITY CLERK
Doc Name
2003
Doc Type
Resolution
CITY CLERK - Date
1/13/2003
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<br />~, <br /> <br />RESOLUTION NO. 2003-005 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, AFFIRMING THAT THE CITY OF PARIS HAS <br />COMPLIED WITH THE REQUIREMENTS OF THE PUBLIC FUNDS <br />INVESTMENT ACT; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br /> <br />WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as the <br />"Public Funds Investment Act," requires the chief financial offer of the City to attend investment <br />training; and, <br /> <br />WHEREAS, the City of Paris approves of the investment training course sponsored by the <br />Texas Municipal League or any other independent source; and, <br /> <br />WHEREAS, the chief fmancial officer of the City of Paris has attended an investment <br />training course sponsored by the Texas Municipal League or other independent source, as required <br />by the Public Funds Investment Act; and, <br /> <br />WHEREAS, the Public Funds Investment Act requires the City to adopt an investment <br />policy by rule, order, ordinance, or resolution; and, <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of <br />February, 1990, in Resolution No. 90-009, adopt an investment policy, which was amended on <br />the 13th day of November, 1995, by Resolution No. 95-122, on the 9th day of March, 1998, by <br />Resolution No. 98-036, on the 11th day of January, 1999, by Resolution No. 99-003, on the 12th <br />day of February 2001, by Resolution No. 2001-010, and on the 14th day of January, 2002, by <br />Resolution No. 2002-021; and, <br /> <br />WHEREAS, the investment policy and incorporated revisions comply with the Public <br />Funds Investment Act and authorize the investment of City funds in safe and prudent investments; <br />NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all <br />things approved. <br /> <br />Section 2. That the City of Paris has complied with the requirements of the Public Funds <br />Investment Act. <br /> <br />Section 3. That this resolution shall be effective from and after its date of passage. <br />
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