RES 2017-02 Lone Star signature accounts TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2017-02
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS, APPROVING AND AUTHORIZING
AMENDMENTS TO FINANCIAL INSTITUTION DOCUMENTS NAMING
AUTHORIZED TOWN REPRESENTATIVES ON LONE STAR
SIGNATURE ACCOUNTS; AND APPOINTING AUTHORIZED
REPRESENTATIVES.
WHEREAS, the Interlocal Cooperation Act, Chapter 791 of the Texas
Government Code, as amended (the "Interlocal Act"), permits any "local government" to
contract with one or more other "local governments" to perform "governmental functions
and services," including investment of public funds (as such phrases are defined in the
Interlocal Act); and
WHEREAS, the Interlocal Act authorizes the contracting parties to any interlocal
agreement to contract with agencies of the State of Texas, within the meaning of
Chapter 771 of the Government Code; and
WHEREAS, the Public Funds Investment Act, Chapter 2256 of the Texas
Government Code, as amended (the "PFIA"), authorizes the entities described in
Subsection (a) of the PFIA to invest their funds in an eligible public funds investment
pool; and
WHEREAS, it is in the best interests of this governmental unit ("Applicant") to
invest its funds jointly in the Lone Star Investment Pool (Lone Star) in order better to
preserve and safeguard the principal and liquidity of such funds and to earn an
acceptable yield; and
WHEREAS, Applicant is authorized to invest its public funds and funds under its
control in Lone Star and to enter into the participation agreement authorized herein; and
WHEREAS, the Government Entity is a Government Entity as defined in the
Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. The form of application for participation in Lone Star attached to
this resolution is approved. The officers of Applicant specified in the application are
authorized to execute and submit the application, to open accounts, to deposit and
withdraw funds, to agree to the terms for use of the website for online transactions, to
designate other authorized representatives, and to take all other action required or
permitted by Applicant under the Agreement created by the application, all in the name
and on behalf of Applicant.
Section 2. This resolution will continue in full force and effect until amended or
revoked by Applicant and written notice of the amendment or revocation is delivered to
the Lone Star Board.
Section 3. Terms used in this resolution have the meanings given to them by
the application.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas, on this 20th day of February 2017.
C. Nick Sanders, Mayor
Town of Trophy Club, Texas
ATTEST:
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�OF lion A' 'R• ED AS TO FORM:
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_i,„,i),), �s 1
,\ cc, il fi , i/
Holly ‘ ,„.
Fi res, Town S�cretar � J. I �d ► 4 d, Town Attorney
Town of Trophy Club, Teas / Town of Trophy Club, Texas
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RES 2017-02 Page 2 of 3
EXHIBIT A
Lone Star Authorized Representative Add Form
RES 2017-02 Page 3 of 3
lone Star
Authorized Representative Add Form
Investment Pool
Name of Participant Town of Trophy Club
Addition of Authorized Representative
The following officers,officials,or employees of the Participant are hereby designated as Authorized Representatives within the
meaning of the Inter-local Agreement(Agreement),with full power and authority to execute the Agreement and any other documents,
as may be required to deposit money to and withdraw money from the Participant's Lone Star Investment Pool(Lone Star)account
from time to time in accordance with the Agreement and the Information Statement and take all other actions deemed necessary or
appropriate for the investment of local funds of the Participant:
Printed
Name Thomas Class
Title Town Manager
E-mail
address tclass@trophyclub.org 'Q
Signature 1 by\. CJS
In accordance with Lone Star procedures,an Authorized Representative shall promptly notify Lone Star of any changes in who is
serving as Authorized Representative.
In addition to the foregoing Authorized Representative,each Investment Officer of Lone Star appointed by the Lone Star Investment
Pool Board of Trustees from time to time is hereby designated as an investment officer of the Government Entity and,as such,shall
have responsibility for investing the share of Lone Star assets representing local funds of the Government Entity.
PASSED AND APPROVED this eiktrIday of ,20n .
By: By:
Mayor Nick Sanders Holly Fimbres
Printed Name, Chief Executive Officer Printed Name, City Clerk
State of Texas,
County of De
r14)n
Before me, ci 1 01.14a\t ,on this day personally appeared pi
Uv ick anfkli5/t"10) IV ,known to me(or proved to
(name of notary) (name of CEO and City Clerk)
L,�,�,. k mores
me on the oath of )or through p �MJI 1 4 me, to be the person(s)whose name is subscribed to
(person providing oath) (identification item)
the foregoing instrument and acknowledged to the that he executed the same for the purposes and consideration therein expressed.
Given under my hand and seal of office thiscQa day of 'Fe bruo ry ,20t .
APRIL DUVALL Optit
(TxuiaQt
x°: Notary Public,State of Texas
Comm.Expires 09-17-2020
-44;,iZ�;Zeergo��l�i�l� �6682388 NotaryPublic's Signature
Lone Star Investment Pool* 12007 Research Blvd. *Austin,TX 78759* 800-758-3927 * (Fax)512-452-7842