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<br /> S:\RESWORK\CURRENT\lnvestment Policy RES 2011.docx
<br /> RESOLUTION NO.
<br />
<br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS,
<br /> AFFIRMING THAT THE CITY OF PARIS HAS COMPLIED WITH THE
<br /> REQUIREMENTS OF THE PUBLIC FUNDS INVESTMENT ACT; AMENDING
<br /> THE CITY'S INVESTMENT POLICY; MAKING OTHER FINDINGS AND
<br /> PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN
<br /> 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 officer of the City to attend
<br /> investment training; and,
<br />
<br /> WHEREAS, the City of Paris approves of the investment training course sponsored
<br /> by the Texas Municipal League or any other independent source; and,
<br />
<br /> WHEREAS, the chief financial officer of the City of Paris has attended an investment
<br /> training course sponsored by the Texas Municipal League or other independent source, as
<br /> required by the Public Funds Investment Act; and,
<br />
<br /> WHEREAS, the Public Funds Investment Act requires the City to adopt an
<br /> investment 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
<br /> on the 13th day of November, 1995, by Resolution No. 95-122; the 9th day of March, 1998,
<br /> by Resolution No. 98-036; the 11th day of January, 1999, by Resolution No. 99-003; the
<br /> 12th day of February 2001, by Resolution No. 2001-010; the 14th day of January, 2002, by
<br /> Resolution No. 2002-021; the 13th day of January, 2003, by Resolution No. 2003-005; the
<br />
<br /> 12th day of January, 2004, by resolution No. 2004-001; the 10th day of January, 2005, by
<br /> Resolution No. 2005-003; the 9th day of January, 2006 by Resolution No. 2006-003; the 8th
<br /> day of January, 2007, by Resolution No. 2007-004; the 28th day of January, 2008, by
<br /> Resolution 2008-005; the 121h day of January, 2009, by Resolution 2009-001; the 11th day
<br /> of January, 2010, by Resolution 2010-002, and it is deemed appropriate that such policy be
<br /> further amended; and,
<br />
<br /> WHEREAS, the investment policy and incorporated revisions attached hereto and
<br /> incorporated herein as Exhibit A complies with the Public Funds Investment Act and
<br /> authorizes the investment of City funds in safe and prudent investments;
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
<br /> PARIS, TEXAS, THAT:
<br />
<br /> Section 1. The findings set out in the preamble to this resolution are hereby in
<br /> all things approved.
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