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<br />Resolution <br />Authorizing Participation in Texpool <br />and <br />Designating Authorized Representatives <br /> <br />WHEREAS City of San Marcos, Texas <br />, <br /> <br />("Participant") is a local government of the State of Texas and is empowered to delegate to a public funds <br /> <br />investment pool the authority to invest funds and to act as custodian of investments purchased with local <br /> <br />investment funds; and <br /> <br />WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for <br /> <br />the preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and <br /> <br />WHEREAS, the Texas Local Government Investment Pool ("TexPool"), a public funds investment pool, <br /> <br />was created on behalf of entities whose investment objectives in order of priority are preservation and safety of <br /> <br />principal, liquidity, and yield consistent with the Public Funds Investment Act. <br /> <br />NOW THEREFORE, be it resolved as follows: <br /> <br />A. That Participant shall enter into a Participation Agreement to establish an account in its name in <br /> <br />TexPool, for the purpose of transmitting local funds for investment in TexPool. <br /> <br />B. That the individuals, whose signatures appear in this Resolution, are authorized representatives of the <br /> <br />Participant and are each hereby authorized to transmit funds for investment in TexPool and are each further <br /> <br />authorized to withdraw funds from time to time, to issue letters of instruction, and to take aU other actions deemed <br /> <br />necessary or appropriate for the investment of local funds. <br />