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HomeMy WebLinkAboutResolution 1980-014 Resolutions of Corporate Board ~. 80' /1 I, Jeanette Moore City of North Richland Hills Secretary of . a corporation duly organized ond exlStmg under the laws of the State of Texas, do hereby certify that I am keeper of the records and minutes of the Texas , and doing business in North Rich 1 and Hill s proceedings of the Board of Directors of said Corporation, and that O~ the , 19-ª-º-., there was duly and legally held a meeting of said ROMd throughout, and at said meeting the following resolutions were unanimously 28th Apr i 1 day of of DiteccotS, at which a quorum of the adopted: RESOLVED, That NORTHEAST Directors was present and acting NATIONAL BMTK, Fort Worth, hereinaftet called "Bank", is herehy designated as a depositOry of this Corporation and that an account or accounts shall be established in behalf of this Corporation with Bank nnder the style of see attached list u:;der and subject CO the rules and regulations as from time to time prescribed by Bank whetein may be deposited any of the funds of this Corporation whether represented by cash, checks, notes, or other evidences of debt and from which withdrawals are hereby authorized in the name of the corporation. by any two ( 2 ) (NumblJ1' of 5Ïgnf1tures required) of the following: Mayor Dick Faram Mayor Pro Tern Dave Freeman Jeanette Moore Thomas Paul Rllth Pi nnpr IT IS FURTHER RESOLVED that any of the above-named patties shall be authorized to individually sign for and receive the statements and c:mcellc(] vouchers of this corpúration. or to appoint in writing, agent.'ll to sign for ûnd receive such documents, and any of the above-named parties are bereby further aurhnrized to stnp payments against dlecks of this corporation and to bind the corporation thereto. Endorsements for deposit may be by writte!l or stamped endorsement of the Corporation without designation of the party making the endorsement. FURTHER RESOLVED, That any t..,O ! 2 ~ of the following: (Number 'ò¡ rig at" us req"ireå) Mayor Dick Faram Jeanette Moore Mayor Pro Tern Dave Freeman ThomnS Paul --R.u..th Pin n e r -----_.._-~-_._-_., ¡nay from time to time borrow money in the name of the Corporation from the Bank and give the Corporation's notes or other evidences of indebted- nes-s therefor, in su(h amount.;; and for such time and race of interest as may be designated on said notes or other evidences of indebtedness or as may be the Bank', custom, and any of said persons may seCUIe the payment of any or all indebtedness and obligations of the Corporation to Bank by the exe- cution ~nd delivery for and on behalf of the Corporation of deeds of trust, a.."ìsignmeot') chattel mortgages, separate collateral agreements, pledge agree- ments, 10:10 agreements, and other security agreements, as well as any other agreement that may be required by the Bank, whether simibr to any of those enumerated or not, which said agreements or instruments may. among other things, pledge, encumber, convey. or cover any or aU properties of the Corporation, including hills, notes, accounts receivable, scocks, bonds, real estate and personal properry, as well as any other property and assetS of the Corporation, whethcr similar to those enumerated or not, and the notcs, bills, accounts, certificates of deposit, and other receivables and instruments owned by said Corporation may be transferred to said Bank for rediscount or for purchase or for collection on tnc endorsement of any of said persons; and any of said persons shall have authority to waive demand, protest, and notice of protesr Ot dishonor of any check, note, bill, droft, or otber instrument made, drawn, or endorsed by tbis Corporation. FURTHER RESOLVED. That Bonk is hereby authorized to honor any and all withdrawals of the Corporation's funds payable to the officer or agent si.;oing, or countersigning the same, or payable to Bank, whether such withdrawals axe presenteù for cash or for credit to the personal account of such officer or agent or the pçrson presenting the same, and Bank need make no inquiry concerning any such item. FURTHER RESOLVED, That the Secretary or any Assistant Sec",,:ary shall certify to Bank the names of the presently duly elected and qualifying officers of this Corporation as well as the persons authorized hcreunder, and shall from time to time hereafter, as changes in the personnel of said officers or the persons authorized hen;:under arc made, immediately certify in writing such changes to Bank, and Bank shall be fully protected in relying on such v,'ri (t(;fl certifications of the Secretary and shall be indc1nnified and saved harmless from any claims, demands, expen.scs, losses, or da..l1ages resulting f.rÙll1 or grow iug out of honoriug the signature of any persons so cenified or refusing to hOllor any signature not so cerdfled. FURTHER RESOLVED, The said authority herein conferred shall remain in fotce until written notice of revocation thereof shall be received by said E2.ük or a new resolution superseding the present one. FURTHER RESOLVED, That these resolutions and the authority herein gcanted shall pass and inure to any successor or to the assigns of Bank. I further certify that the following are the names and the rrue and official signatures of the present officers of this Corporation and the persons authorized to sign for and on behaU of this Corporation in the foregoing resolutions. President -1ssista-nt Secresary V ke PresUJer¡ ----AJSÎ.Itant Treasurer f\ecretM'1 (SEAL) TreaJurer IN WITNESS WHEREOF, I have hereunto set my hand as Secretary of said Corporation, and have attached hereto the official seal of said Cotpo- r¿¡doa. [hIS day of ,19_. :.;.().A~ ....~ S tier-øla"