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�... . <br /> ow <br /> RESOLUTION 87-038 <br /> A RESOLUTION AUTHORIZING ENTRY INTO A JOINT POWERS <br /> AGREEMENT IN THE FORM OF A DECLARATION OF TRUST <br /> ESTABLISHING AN ENTITY KNOWN AS "MINNESOTA <br /> MUNICIPAL MONEY MARKET FUND" AND AUTHORIZING <br /> PARTICIPATION IN CERTAIN INVESTMENT PROGRAMS ' <br /> IN CONNECTION THEREWITH <br /> WHEREAS , Minnesota Statutes Section 471 . 59 ( the "Joint Powers <br /> Act" ) provides among other things that governmental units ; by <br /> agreement entered into through action of their governing bodies , <br /> may jointly or cooperatively exercise any power common to the <br /> contracting parties ; and <br /> WHEREAS , the Minnesota Municipal Money Market Fund was formed in <br /> January, 1987 , pursuant to the Joint Powers Act by the adoption <br /> of a joint powers agreement in the form of a Declaration of Trust <br /> by a group of Minnesota Municipalities acting as , the Initial <br /> Participants thereof ; and <br /> WHEREAS , the Declaration of Trust has been presented to this <br /> Council; and <br /> WHEREAS , the Declaration of Trust authorizes municipalities of <br /> the State of Minnesota -to adopt and enter into the Declaration of <br /> Trust and become Participants in the Fund. Municipality shall <br /> mean city, county, town, public authority, public corporation, <br /> public commission, special district, and any "instrumentality" <br /> ( as that term is defined in the Joint Powers Act) of a municip- <br /> ality; and <br /> WHEREAS, this Council deems it to be advisable for this municipa- <br /> lity to adopt and enter into the Declaration of Trust and become <br /> a Participant of the Fund for the purpose of the joint investment <br /> of this municipality' s monies with those of other municipalities <br /> so as to enhance the investment earnings accruing to each; and <br /> WHEREAS, this Council deems it to be advisable for this municipa- <br /> lity to make use from time to time, in the discretion of the <br /> officials of the municipality identified in Section 2 of the <br /> following Resolution, of the Fixed-Rate Investment Program <br /> available to Participants of the Fund. <br /> NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: <br /> Section 1 . This municipality shall join with other municip- <br /> alities ( as such term is defined in the Declaration of Trust) in <br /> accordance .with - the Joint Powers Act by becoming a Participant. of <br /> • the Fund and adopting and entering into the Declaration of Trust, <br /> which is adopted by reference herein with the same effect as if <br /> it had been set out verbatim in this resolution, and a copy of <br />