15-R-87 - Revised City of Schertz Investment PolicyRESOLUTION NO. 15 -R -87
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF
SCHERTZ, TEXAS AUTHORIZING A REVISED CITY OF SCHERTZ
INVESTMENT POLICY.
WHEREAS, the City of Schertz Investment Policy requires an annual review by the City
Council (the "City Council ") and after such review the City of Schertz (the "City ") has
determined that it is in the best interest of the City to adopt the City of Schertz Investment
Policy, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS
THAT:
Section 1. The City Council hereby adopts the City of Schertz Investment Policy and
is repealing any and all prior changes and amendments to Investment Policy attached as Exhibit
A.
Section 2. The City of Schertz Investment Policy requires an annual review by the
City Council.
Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with
any provision of this Resolution are hereby repealed to the extent of such conflict, and the
provisions of this Resolution shall be and remain controlling as to the matters resolved herein.
Section 4. This Resolution shall be construed and enforced in accordance with the
laws of the State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application
of such provision to other persons and circumstances shall nevertheless be valid, and the City
Council hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 6. It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 551, Texas Government Code, as amended.
Section 7. This Resolution shall be in force and effect from and after its final
passage, and it is so resolved.
PASSED AND ADOPTED, this 13th day of October, 2015.
CITY S 'HE: Z, TEXAS
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IVIa r, Michael R. Carpenter
ATTEST -:
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City Secretary, Brenda Dennis
(CITY SEAL)
I WNW l l : 4W.1
CITY OF SCI ERTZ, TEXAS INVESTMENT POLICY
See attached
F.-Ill