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RESOLUTION 9-89
WHEREAS,Section 31-20-303 C.R.S.authorizes the Town to
invest funds of the Town;and
WHEREAS,said section also requires that the Board of
Trustees of the Town of Estes Park authorize some forms of
investments;and
WHEREAS,the Board of Trustees has determined that the
Finance Officer of the Town of Estes Park,after consultation
with the Town Administrator,should be authorized to invest funds
of the Town in interest-bearing obligations of the United States,
commonly known as T-Bills,and hire on the behalf of the Town the
necessary firm or firms to accomplish the purchase and sale of
said obligations.
NOW,THEREFORE,BE IT RESOLVED by the Board of Trustees of
the Town of Estes Park,Colorado:
1.The Finance Officer of the Town of Estes Park is hereby
authorized to invest any funds of the Town in interest—bearing
obligations of the United States,commonly known as T-Bills.
2.The Finance Officer is hereby authorized to employ such
firms as are necessary to accomplish the purchase and sale of
said investments.
3.The Finance Officer is authorized to sell any and all
of the obligations of the United States and reinvest all or a
portion of the proceeds of those sales in other interest—bearing
obligations of the United States or any other investments that
are approved by this Board or the statutes of the State of
Colorado.
DATED this
________
day of
__________________,____
TOWN OF ESTES PARK
Mayor
ATTEST:
4/
Town Clerk
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