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RESOLUTION NO. 2012-0
<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 />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 />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 />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 />WHEREAS, the Public Funds Investment Act requires the City to adopt an
<br />investment policy by rule, order, ordinance, or resolution; and,
<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 />12t" 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 12th day of January, 2009, by Resolution 2009-001; the 11th day
<br />of January, 2010, by Resolution 2010-002, the 13th day of January, 2011, by Resolution
<br />2011-001 and it is deemed appropriate that such policy be further amended; and,
<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 />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
<br />PARIS, TEXAS, THAT:
<br />Section 1. The findings set out in the preamble to this resolution are hereby in
<br />all things approved.
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