01/11/1988 Council Minutes - Laserfiche WebLink

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i40 COUNCIL MEETING JANUARY 11, 1988 of the Fund. Municipality shall mean city, county, town, public authority, public corporat- ion, public commission, special district and any "instrumentality" (as that term is defined in the Joint Powers Act) of a municipality, and WHEREAS, this Council deems it to be advisable for this municipality to adopt and enter into the Declar- ation of Trust and become a Participant of the Fund for the purpose of the joint investment of this municipality's monies with those of other municipalities so as to enhance the investment earnings accruing to each, and WHEREAS, this Council deems it to be advisable for this municipality to make use from time to time, in the discretion of the officials of the municip- ality identified in Section 2 of the following Resolution, of the Fixed -Rate Investment Pro- gram available to Participants of the Fund. NOW THEREFORE, BE IT RESOLVED AS FOLLOWS: Section 1. This municipality shall join with other municipalities (as such term is defined in the Declar- ation of Trust) in accordance with the Joint Powers Act by becoming a Participant of the Fund and adopting and entering into the Declaration of Trust, which is adopted by reference herein with the same effect as if it had been set out verbatim in this resolution, and a copy of the Declaration of Trust shall be filed in the minutes of the meeting at which this Resolution was adopted. The Mayor and the Clerk /Treasurer of this Council are hereby authorized to take such actions and execute any and all such documents as they may deem necessary and appropriate to effectuate the entry of this municipality into the Declaration of Trust and the adoption thereof by this municipality. Section 2. This municipality is hereby authorized to invest its available monies from time time and to with- draw such monies from time to time in accordance with the provisions of the Declaration of Trust. The following officers and officials of the municipality and their respective successors in office each hereby are designated as "Authorized Officials" with full powers and authority to effectuate the investment and withdrawal of monies of this municipality from time to PAGE 6 1