HomeMy WebLinkAboutAuthorize Investment
Augusta Richmond GA
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DOCUMENT TYPE: "( esa\u\\()()
YEAR: ~
BOX NUMBER: 03
FILE NUMBER: \ Wu 'I
NUMBER OF PAGES:
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-"or Customer Use:
"'. "~l' ,..'X I have an existing Acc!. # R 1 3
This're:iolution is for:
.- New Account
For OTFS Use Only:
Acct Approved _Aulh Entered,
Audit _Wire Inslructions
, ' Addr Enlered _Wire Templales
Approval:
ADI _AD2
Res, fonn 1997 A
X Change to Existing Acc!. # R 1 i
GEORGIA FUND 1
(local government investment pool)
RESOLUTION TO A UTHORIZE INVESTMENT
WHEREAS, Ga. Code Ann. ~~36-83-1 to -8 (1997) authorizes Georgia local governments and
other authorized entities to invest funds through the local government investment pool, and
WHEREAS, from time to time it may be advantageous to the
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All'J115t.i1'. Rich.mond COlwty COmroia5ion to deposit funds available for
(Name of LocaJ Governmenl, Polilical Subdivision or Stale Agency)
investment in Georgia Fund 1 (hereinafter refered to as the local government investment pool) as it may
deem appropriate; and
WHEREAS, to provide for the safety of such funds deposited in the local government investment
pool, investments are restricted to those enumerated by Ga. Code Ann, ~36-83-8 (1997) under the
direction of the State Depository Board, considering first the probable safety of capital and then the
probable income to be derived; and
WHEREAS, such deposits must first be duly authorized by the governing body of the local
government or auth~rized entity and a certified copy of the resolution authorizing such investment filed
with the Director of the Office of Treasury and Fiscal Services; and
WHEREAS, such resolution must name the official(s) authorized to make deposits or withdrawals
of funds in the local government investment pool; and
WHEREAS, Ga. Code Ann, ~36-83-8 (1997) requires a statement of the approximate cash flow
requirements of the participating government pertaining to the funds to accompany the authorization to
invest such funds at the time such deposits are duly authorized;
NOW, THEREFORE BE IT RESOLVED by the Auqusta-Richmond County Commission
(Board, Council or olher Governing Body)
that funds of the Richmond Count~l, GA may be deposited from time to
(Local Governmenl, Polillcal Subdivision, or Slate Agency)
time in the manner prescribed by law and the applicable policies and procedures for the local government
investment pool.
BE IT FURTHER RESOL VED THA T:
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1. Anyone of the following individuals shall be authorized to deposit and/or withdraw funds from
the local gover:nment investment pool on behalf of such government or other authorized entity (if a
listed individual is employed by an entity other than the depositor, indicate employer):
Mary K. Grady Treasury
Nanie, Tille (Employer, if applicable)
J. Glenn Greenway, Assistant Comptroller
Donna B. Williams, Assistant Comptroller
706-821-1741
(Area CodeL Phone Number
706-821-2580
706-821-2338
2. All withdrflwals from the local government investment pool shall be wired to the following
participant's demand deposit account:
Allied Bahk of Georgia
(Local ~ank Name)
061102633!
ARC Sweep Account
(Account Title)
3000-014-8152
Thomson, GA
(ABA n~mber)
(Accounl Number)
(Cily, Stale)
i
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(If applicable) Our local bank prefers to receive credit for WIre transfers at the following
correspondent bank:
N/A
(Bank Name)
(City)
(Account Number)
.--
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,
....
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Additional Bank Account (if applicable):
N/]:>.,
(Local Bank Name)
(Accounl Tille)
N/A
(ABA number)
Correspondent Bank (if applicable):
(Account Number)
(City, Slate)
(Bank Name)
(Cily)
(Accounl Number)
3. The local government investment pool shall mail the monthly statements of account to:
Marv K. Grady, Tn~n!,;llry
(Attention)
530 Greene Street, Room 207
(Address)
Allgllsrn. r::n '30911
(Address)
(City, State & Zip)
4. Changes in the above authorization shall be made by cancellation or replacement resolution
delivered to the Office of Treasury and Fiscal Services. Until such a replacement resolution is
received by the Office of Treasury and Fiscal Services, the above authorized individuals, local
government demand account instructions and statement mailing addressees) shall remain in full
force and effect.
5. The following schedule represents the period in which existing balances are currently expected to
remain invested in the local goveI1lll,1ent investment pool:
231,10 30 days or less;
% more than 30 days but less than 90 days;
75>/0 90 days or longer.
100 %
Entered at
,19_.
(Please Print or Type - Head ofGoveming AUlhorily)
Mayor
(Tille)
Sworn to and subscribed before me this
day of
,19_,
(Notary Public)
Please complete and return an original copy to:
,"
Georgia Fund 1
Office of Treasury and Fiscal Services
P. O. Box 347034
Atlanta, GA 30334~5527
Telephone:
Toll Free:
Fax:
(404) 656-2168
1-800-222-6748
(404) 656-9048
.
Georgia Fund 1 (local government investment pool) deposits are not guaranteed or insured
by any bank, tlte Federal Deposit Insurance Corporation (FDIC), tlte Federal Reserve
Board, the State of Georgia or any other agency.