7-89-Resolution-Adopting an Investment Policy-10/02/1989RESOLUTION R7-89
ADOPTING AN INVESTMENT POLICY
OBJECTIVE AND PRIORITIES
INVESTMENT METHODS
iave t a,aea..al latalir i *gip xg`a C
1 I-il{.;iif +. .w 9 t.lxc; c;it; cad ral?;c * 1 ; ° c i cl. tl . s 'callca ✓via:
irIve staxx.01 t. Policy (and b lleves its enactment would he to the f ir).amial
l xat f"ii. of the City OfSangeap,
iewr It xrrt axi. tho followin ii)w str wnf. polk,
f;:) 'T'c7 iba tLrr tliF. ° f l c7t° C'it cal" ti x x E•x t"irxazl rxtl i : as rxi :l
Fpayxcl la aal inVesl ix , 0.1 k:;ity l ur:acl t onsi fc:w wil;la
( l 1"ixe axx<a : iaxxl atza°t.a xt. 1>a°i ax°it. r F lxaal.l. lacy to l z°c icC t a, i.l► .a4 ,y .
a f° c,alait lip VA IkI iliE , Crxlcl. E°rall0f: rpral.,
lxx rctaaxcxrat. 1' r 'clx<ul
►c, :,l , car Krr:a ;c,,a, U lx< ll aa t a1.1 a t%)° 411.1 d,.f" tlxa t°c lli rj(axi.
irr* t ;l,xxxtaaxl 7 t>r:axx r at Tx:at atla f ;ti r ral xgxcl. tKri.tvy .1 <rzacl tit:ra°:r a a:at. tl .raxl:n
Obligations
of the Uraif;ecC. Si;a.te , raf AxmoAx"c-:;i,, lf:s
lr:i f:i°atr:rit :afural.if:l<
( ,') Lii:a'r::t l ()l,yll ?a i.i.4: t S Oftl-a t il.t'> t:aa l' s kxF rrtr! x ,c lxt..tt-.v tlaE °t}rxt°.
INVESTMENT INSTITUTIONS
INVESTMENT COLLATERAL
-IAG(4; ?
(W)) Cif:,lac r c i 11 ra.tic7i , ttw prinn;ll:>Oal ulA 'I"i uz:i . can vkv ni (Al
unconrlit.iearvally guaranteed oil insural }7y the State of
T exas oil the C i).ftod Strategy, or Anaiovlca.
( l) f)171i ra:l.ie>ia c-si t al:€; , a,t e riarie t.lae.b:t e cal', ccaiicatie , witi = <. cacl
other lie}.l:if:ic a.l sr.il: divLca ins of any state h aar IInn t eerl voted.
ted.
as to Iove stica.ent quality by da. nato.D ally reye d,t nize l
iia re t,xae i t r atiia t'iriaa and having ree onve d in real In( of nc i
less than A or its equivalent.
( ('r i°t t .c [if c, caf` c eiat:aw it c fg ;t at : .rc . i:c atieaia4a 1. ialh ; c .c►i iy
ht.rstno,:s to TE xnss, ! ?'ii arm)tok(N] m )i-oreadml ley they !'cycle n)
De t.l•lo6F9. t. iT)sl_ii an4..o Corporation at.64.1n C.l! H.+l successor or ``i x_: C_urd,..d. 1,=
c' A,li 'datid$it t,l.e>; t rllaa`cl In (1) throl. L.1) (4) altr von {atzd poE° tl,ac.kf
to .Art.)d}te 2' 1) (b I as amended gel by HII,, 1.775 (l tit) a) a ir"tt.M"A
Walile DO less than princip;A or the
(C)) f dan sy. il rk t, lii let.i i nt t .e>ieiat .
("d)
`t lies .it.y larall li t-g cl.li t igy f.t,ie, c i laaall lay% l-ac t>
,t,Ctir icier, I -MA A ii:i tlaer C;ity' ri i ad ley n :lracl t e iicle ixt. t.laii°e: 17ck.i'I
t=riui tca r yiaae nt l:,eiia, inacicr by t.lic pity for t.h
ln ertixae iat, liatltirtie ia
'1'lkd t;tj r,fi ; a. ►r lrvcal.l t, (:'icy
fmov t/n)d i,ldt. t_"i:li i etit Bank lJoposltory A, t iza. iit:
: c je i ie ai 'c 1lFate` F .I
ffiiei
.i, inveated. C .t
MATURITY AND DIVERSIFICATION
LIABILITY
REPORTING
i n:)t:)Lk! I"1"1C
IAGE 'I
l natal;. LjkO- kw)JlcJl C:.;011A°Oki Vvltlacst_t#: ,c 'pjJ l«tr, it:t t.;taA ; Vt` r'iat,+s°t; Vsf t.ls6-
f°tailcst°.Lira?: taa$z.gas.r°>
S"!#Mcs Agt'11t"ic'.`
(; ! l t.#14t,a1 l cattSita ; Ac:ltctlttisit°,ati.on Mot(
f 4) F,at°t.dco.v)s llmnne . ,Cl aa. tt fi. l.iis a We
55) Federal N a,i: o.n al Float, ;rag)%) Association bonds
rdcla ccttr°ii:i lal t i a crsll at, r ,al lrtall lacy . . 1sc =y.i1;A.a;w a:t t,r t.at: iiAtli
the Federal 'I eserve Bank or an independent 1nvest eDt Instilul.1011
r.iti let', an appropriate 1 ,al Contract.
}ac' .ttyal:. cafy w crarwit.l era l sl c l. ' ,1 ;.la all lst c l. tyr alra c,l 1-sy tl t: lt"
"t'1:a City! cif xra.ta c r• la,all lt'ivc lta ,t° ; l alra racart 1 lic`irtic`lil.;jr ltra
i0Vt.Slr,YW0ffq to cc)VOt° UYA cASM cal° Ulty 6arTyO SWall Ol:Sca
hrive to clivp:t'sircy the, itavesfimelll c on l t,enl With tho (I)blj et°11NfO-
ta.f l lal > l:jtal ity.
I,,l al:sllll
tcatry ,ata}' lts !it' ,y lt_trctl tla yttr 'l.# tld f,ailtt.c € sr` daE{z lt5r't'd
tip l. sosltovy, nor fa..t:ly loss r'esult.ita t°rvobnal tacar9r jvd flucttl,alloil raced
rtia,at.ke vd=srtt.el l-u, l
tac sila}la.ay in tl-sis la,tll relc,asc the t'tll,ayo, Cityrti li'moovio oil „pit S '•cr ta`v floc ). olv ions cET a fit'd 9°t'ol)41 °elCay
tsi'f°ir°i.Ktl tai cc tat.iti °t oIl fiar«lo 'etat,e oo la is or befit. laav1. 1,lo r f'i°tsar`, aoy
F presst ir.rilil:j 1`or° the funds of 'he (I V s.t-cl it rt clei4sosiJ st°,y shall hv,-A
cAlected and the .ftijAS cic positcA ther elta) rarar" for ,aray
rM.Sappr opr°iat.icara of Such funds.
Dc7t t ttt '
11 lt4ail l,a f1aE t t.ti.y ctf tlac Cif Manager c:sf"
cacal.tfy l:ltc C;.ity Ctarttac.:il caf taray italt°ic: a.tat. c,la tat, ' ir c ct.tt t €-:i:si.
j 2nd _._ day of vOctober. r. , ' -'• 8 _
()f ') C;i $ of r, °, Denton County, ;° s; a , t .
° l
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f
2ND OCTOBER 1989