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HomeMy WebLinkAboutResolution 1719~ Res®l~a~ion No. ~ / AUTHORIZING THE DIRECTOR OF FINANCE, ASSISTANT DIRECTOR OF FINANCE, AND THE CZTY TREASURER TO ENGAGE IN CERTAIN FINANCIAL TRANSACTIONS ON BEHALF OF THE CITY OF FORT WORTH BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: 1. That the Director of Finance, Assistant Director of Finance, and the City Treasurer of the City of Fort Worth are each hereby authorized and empowered, for and on behalf of the City of Fort Worth, to establish and maintain one or more accounts with securities dealers for the purpose of purchasing, investing in, acquiring, selling, possessing, disposing of, trans- ferring, exchanging, pledging, financing, engaging in repurchase ' or reverse repurchase transactions and generally dealing in and with all types of securities authorized under laws of the State of Texas for City use. 1 2. That each of said officers shall have the fullest author- `~,_ ity at all times with respect to the aforesaid transactions, including without limitation authority to give written or oral instructions to security dealers with respect to said transac- tions; to bind and obligate the City of Fort Worth for the carrying out of any contracts, arrangements or transactions with security dealers which shall be entered into by such officers on behalf of the City of Fort Worth; to pay in cash, by check, or by draft upon funds of the City such sums as may be due in connec- tion with any of said accounts; to deliver securities to security dealers; to order the delivery or transfer of securities to any name selected by said officers; to endorse any securities or contracts in order to pass title thereto; to direct the sale or exercise of any rights with respect to any such securities; to sign for the City of Fort Worth all releases, powers of attorney or other documents in connection with any such account; to agree to any terms or conditions to control any such account; to direct such security dealers to surrender any securities to the proper agent or party for the purpose of effecting any exchange or con- version, or otherwise; to accept delivery of any securities; to ®~ ~~a ~o~a~s i . di Sn appoint- any other person or persons to ao any ana all Lnutys which said officers are hereby empowered to do; and generally to do and take all action considered necessary or desirable by such officers in connection with such account. 3. That such security dealers may deal with any of the officers empowered by this resolution, directly or indirectly, as though they were dealing directly with the City of Fort Worth. 4. That the City Secretary of the City of Fort Worth is hereby authorized, empowered and directed to certify the fol- lowing documents to security dealers and to affix the City seal thereon: (a) certified copies of this resolution; and (b) specimen signatures of the persons empowered by this resolution. 5. That the City of Fort worth is a home rule municipal corporation, duly organized and existing under the laws of the State of Texas, that its charter empowers it to transact the business defined in this resolution, and that no limitation has been imposed upon such powers by its charter, state law or other- wise which prevents the transaction of such business. 6. That security dealers may rely upon the authority given under this resolution as continuing in effect until they receive due written notice of a change in or recision of such authority. 7. That in the event of any change in the office or powers of the persons hereby empowered, the City Manager of the- City of Fort Worth shall send written notice of such change to the security dealers with whom the City does business, which notifica- tion, when received, shall amend or terminate the powers of the persons theretofore authorized. 8. That this resolution shall apply not only to transac- tions and agreements with security dealers which may take place after the adoption hereof, but shall also apply to those transac- tions which may have been made by the officers named herein prior to the adoption hereof, all of which, together with the actions of such officers, a/re hereby ratified, confirmed, and approved. ADOPTED this / yr~ day of , 1991. APPPOVED BY c~~r coun~cit MAY Y4 7991 City Secretary of :he Cary of Foct Woni~rie CITY OF FORT WORTH .,. f ~.~: t. • SIGNATURE SPECIMENS ~~ 1 LJ i CITY OF FORT WORTH - TRADING RESOLUTIONS The following persons, acting singly, are hereby empowered and authorized to establish and maintain accounts with security dealers for the purpose of purchasing and selling any and all types of securities authorized under the laws of the State of Texas for City use: Name Title A. Judson Bailiff Director of Finance James R. Keyes Assistant Director of Finance/ Treasurer Edwin S. Cook Assistant Director of Finance IN WITNESS WHEREOF, I have hereunto affixed the seal of the City of Fort Worth, of 19~. (SEAL) signed my f~day Texas, this J~ r City Secretary Specimen Signature