HomeMy WebLinkAbout2014-R-01 - Approve Investment Policyn RESOLUTION NO. 2014-01
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A RESOLUTION APPROVING INVESTMENT POLICY, APPROVING BROKER/DEALERS, AND
INVESTMENT STRATEGIES
WHEREAS, The Public Funds Act of Texas (the "Act') as amended, requires the City Council
of the City of Stephenville to annually review the investment policy, broker/dealers list, and
investment strategies of the City and that the written instrument so adopted shall record any
changes made to either the investment policy, broker/dealers list, or investment strategies.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Stephenville, after
reviewing the investment policy, broker/dealers list, and investment strategies of the City, hereby
adopts the revised/updated policy, broker/dealers list, and investment strategies of the City. The
City Council hereby directs that the adopted written document be made a part of these minutes.
APPROVED and ADOPTED by the City Council of the City of Stephenville held on this 7th
day of January, 2014.
4K. Idon II, Mayor
ATTEST:
Cindy L. St Ford, City Secr y
&
w Revieedd byMark A. Kaiser,
City Administrator
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Approved as to form and content by
Randy Thomas, City Attorney
EXHIBIT D
APPROVED BROKER/DEALERS
as required by Texas Government Code 2256.025
Broker/Dealers:
Mizuho
Citigroup
Merrill Lynch
Bank of America
Multi -Bank Securities, Inc.
Banks for purchase of Certificates of Deposit:
Texas Bank
Local Government Investment Pool
TexPool (Public Funds Investment Pool)
TexStar