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<br />RESOLUTION NO. 98-036 <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 financial officer has attended an investment training course <br />sponsored by the Texas Municipal League or other independent source, as required by the Public <br />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, and it is deemed <br />appropriate that such policy be amended; and, <br /> <br />WHEREAS, the amended investment policy and incorporated revisions, the form of which <br />is attached hereto as Exhibit A, comply with the Public Funds Investment Act, as amended, and <br />authorize the investment of City funds in safe and prudent investments; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the <br />City of Paris has complied with the requirements of the Public Funds Investment Act; and, <br /> <br />BE IT FURTHER RESOLVED, that the Investment Policy be, and the same is hereby, <br />amended, effective March 9, 1998, to the form shown in Exhibit A, attached hereto. <br /> <br />PASSED AND ADOPTED this 9th day of MarCh,~.))rt <br /> <br />~)(~ <br />I <br />Eric S. Clifford, Mayor <br /> <br /> <br />ATTEST: <br /> <br /> <br />Mattie Cunningham, City Clerk <br /> <br />