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<br />APPENDIX B <br /> <br />CITY OF SAN MARCOS <br /> <br />TEXAS PUBLIC FUNDS INVESTMENT ACT <br />CERTIFICATION BY BUSINESS ORGANIZATION <br /> <br />This certification is executed on behalf of the City of San Marcos (''the City") and <br />(''the Business Organization") pursuant to the Public Funds <br />Investment Act, Chapter 2256, Texas Government Code (''the Act") in connection with investment <br />transactions conducted between the City and the Business Organization. <br /> <br />The undersigned Authorized Representative certifies on behalf of the Business Organization that: <br /> <br />1. The undersigned is an Authorized Representative of the Business Organization offering <br />to enter into an investment transaction with the Investor as sue" terms are used in the <br />Public Funds Investment Act, Chapter 2256, Texas Govermnent Code, and <br />2. The Representative of the Business Organization, and the broker, have received and <br />thoroughly reviewed the Investment Policy of the City, and <br />3. The Business Organization has implemented reasonable procedures and controls in an <br />effort to preclude investment transaction conducted between the Business Organization <br />and the City that are not authorized by the City's Investment Policy, except to the extent <br />that this authorization is dependent on an analysis of the makeup of the City's entire <br />portfolio or requires an interpretation of subjective investment standards. <br /> <br />Representative's Signature <br /> <br />Printed Name <br /> <br />Title <br /> <br />Broker's Signature <br /> <br />Printed Name <br /> <br />Title <br /> <br />Date <br /> <br />City of San Marcos mvestment Policy <br /> <br />Page 17 <br />