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HomeMy WebLinkAboutRES 900308 - Custodian Protfolio SecuritiesRESOLUTION NO. IW A RESOLUTION AUTHORIZING THE TEXAS TREASURY SAFEKEEPING TRUST COMPANY TO SERVE AS THE CUSTODIAN OF PORTFOLIO SECURITIES BELONGING TO THE CITY OF GEORGETOWN WHEREAS, from time to time the City of Georgetown purchases book - entry securities for its awn investmentportfolio that are eligible for deposit at a federal reserve bank and desires to have them safekept ("Portfolio Securities"); and WHEREAS, the Texas Treasury Safekeeping Trust Company desires to serve as the custodian of Portfolio Securities belonging to the City of Georgetown; NOW, THEREFORE, be it resolved by the City Council of the City of Georgetown; Texas SECTION L. That the City Council approves the Custodian Agreement between the City of Georgetown )"City") and the Texas Treasury Safekeeping Trust Company ("Trust Company") providing for the Trust Company to provide custodial services for securities owned by City: Such agreement is attached hereto and incorporated herein as if fully set forth at length. SECTION II. That the Mayor is hereby authorised to sign the Custodial Agreement and the City Secretary to attest thereto. PASSED and APPROVED this ,a6� day of June 1990. APPROVED: E'; Connor, Mapbr ATTEST; Elizabeth Gray, CitySecretary t t�