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