HomeMy WebLinkAbout10697RESOLUTION NO. 10,697 6 4 8
A RESOLUTION AUTHORIZING THE TREASURY MANAGER
AND TREASURY ANALYST TO ENGAGE THE SERVICES OF
CERTAIN FINANCIAL INSTITUTIONS TO TRANSACT CITY
BUSINESS AND TO TRANSFER, SELL, ASSIGN, SET OVER, AND
DELIVER ANY AND ALL BONDS, DEBENTURES, NOTES,
EVIDENCES OF INDEBTEDNESS, OR OTHER SECURITIES NOW
OR HEREAFTER OWNED BY THE CITY OF LITTLE ROCK, AND
TO MAKE, EXECUTE, AND DELIVER ANY AND ALL WRITTEN
INSTRUMENTS NECESSARY OR PROPER TO EFFECTUATE
THE AUTHORITY HEREBY CONFERRED; AND FOR OTHER
PURPOSES.
15 WHEREAS, the Board of Directors adopted a new investment policy in Little Rock, Ark.
16 Res. No. 10,609 (July 27, 1999); and
17 WHEREAS, Section V. of the policy authorizes the establishment of a list of financial
18 institutions authorized to provide investment services; and
19 WHEREAS, the financial institutions require a corporate resolution from the Board of
20 Directors authorizing the City to do business with the financial institutions and naming the City
21 employees authorized to conduct business on behalf of the City.
22 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
23 THE CITY OF LITTLE ROCK, ARKANSAS:
24 SECTION 1. Dwight Goodwin, Treasury Manager, and Scott Massanelli, Treasury Analyst
25 are authorized individuals to effect securities transactions for the City of Little Rock. All transactions
26 shall -be consistent with the invcstmcntpolicy adopted -in Res. No: 10;609 (July 27, 1999) and state
27 law. These individuals are authorized to open an account, to execute any and all relevant documents,
28 and to deal with the financial institution in connection with all aspects of the account.
29 SECTION 2. The City Clerk is authorized to certify, from time to time, the names and titles
30 of the authorized individuals to the financial institutions who meet the qualifications set forth in
31 Section V. of the Policy, and to notify the financial institutions when changes in office occur.
32 SECTION 3. The City Clerk is further authorized to certify to the financial institutions that
33 such a notification has been duly adopted and will remain in full force and effect until the Transfer
34 Agent receives a duly authorized amendment to the certification form.
1 SECTION 4. The authority conferred above is consistent with the investment policy and
2 state law.
3 ADOPTED: November 2, 1999
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ATTEST:
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ROBBIE HANCOCK
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CITY CLERK
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APPROVED AS TO FORM:
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�� I
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THOMAS M. CARPEN
R
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CITY ATTORNEY
APPROVED:
*44A
AILEY
MAYOR