The URL can be used to link to this page

Home My WebLink AboutResolution 1991-029 RESOLUTION NO. 91-29 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS, that 1. The City hereby authorizes the opening of Account No. 0014926190 (Lock Box) and Account No. 0014933964 (Returned Items) with TEAM BANK, P. O. Box 2050, Fort Worth, TX 76113. 2. The Mayor, Mayor Pro Tern, and City Secretary are hereby authorized to execute the General Corporate Resolution attached hereto as Exhibit "A" and made a part hereof, as the act and deed of the City. PASSED AND APPROVED the 26th day of August, 1991. APPROVED: ~~ Tommy Br~ayor ATTEST: APPROVED AS TO FORM AND LEGALITY: ~ EXHIBIT "A" General Corporate Resolution To Establish Relationship With Bank And Appoint Agent(s) TEAMßANK ACCOUNT 0014926190 ACCOUNT 0014933964 (LOCKBOX) (RETURN ITEMS) CITY The undersigned does hereby certify that I am the duly elected and qualified Secretary and the keeper of the records an~~~ seal of NORTH RICHLAND HILLS ("C ") . . ed d .. TEXAS ompany ,a corporation organlz an eXisting under the laws of the State of . that the fOllowing is a true and correct copy of certain resolutions duly adopted at a meeting of the ~~~~~ïthereof, convened and held in accordance with law and t~lf&Jt~~f :tJ(~¡¡¡ on the 26TH day of AUGUST , 19..2l.. and that such resolutions are now in.full force and effect, un- amended, unaltered, and unrepealed: 1. ACCOUNT WITH BANK; AUTHORIZED SIGNERS. CITY 1 S "RESOLVED, That an account shall be (established) Qi&*~i~äíiV}š name with: (BANK NAME AND STREET ADDRESS) Team Bank P. O. Box 2050 Fort Worth, TX 76113 ("BANK") under the rules and regulations as from time to time prescribed by Bank, wherein may be deposited any of Company's funds whether represented by cash, checks. notes, or other evidences of debt, and from which withdrawals are hereby authorized in ~ name by any~of the following: SPECIAL INSTRUCTIONS CITY'S TYPE OR PRINT LIST OF AUTHORIZED SIGNERS: BYRON SIBBET - MAYOR PRO TEM TOMMY BROWN - MAYOR JEANETTE REWIS - CITY SECRETARY CITY Endorsements for deposit may be by the written or stamped endorsement of ~ without designation of the party making the endorsement; and Compan" hereby guarantees all prior endorsements on all checks, drafts, or other similar instruments that may be deposited by it with Bank. 2. BORROW MONEY; EXECUTE NOTES; GRANT SECURITY. "BE IT FURTHER RESOLVED, That any_of the following officers, N/A may from time to time borrow money in Company's name from Bank, give Company's notes therefor in such amounts and for such time and rate of interest as mô" be designated in such notes or in accordance with Bank's custom, and as security for the payment of any such notes grant to Bank a security interest in, mortgage or deed of trust liens covering, or otherwise encumber any portion or all of Company's properties and execute the instruments as may be necessary or proper te accomplish such. 3. AGREEMENT OF GUARANTY. "BE IT FURTHER RESOLVED, That any_of the ~ollowing officers, N/A may execute and deliver, in the name and on behalf of Company, an Agreement of Guaranty or an agreement or agreements of similar tenor whereby Compan' guarantees the repayment of another person's, corporation's, or other entity's indebtedness to Bank or agrees to pledge or assign any property of Company, whethe real, personal, or mixed, to secure the indebtedness of another person, corporation, or entity to the Bank, and further to carry out and perform the covenants conditions, and agreements to be performed in said Agreement of Guaranty or such similar agreement or agreements. 4. INSTRUCTIONS TO BANK. "BE IT FURTHER RESOLVED, That any of the fOllowing officers, LEE MANESS, JIM COOK, VICTOR JONES, JR. may instruct Bank by wire communication, by telephone, or by any available means, regarding: a. the payment, withdrawal, or transfer, by wire or otherwise, of funds or money deposited in Company's account or to the credit of Company; b. the transfer, by wire or otherwise, of funds between different accounts of Company; and/or c. the advance of funds from loans approved by Bank; and Bank is hereby authorized and directed to honor such instructions and to charge such accounts and to payor advance such funds of Company pursuant to sue instrüctions. Said officers are further authorized by this resolution to sign checks, drafts, notes, or other orders, and Bank is hereby authorized and directed ¡. honor, pay, and charge such checks, drafts, notes, or other orders to any account of Company, without inquiry into or responsibility for the application of ¡r.. proceeds thereof, pursuant to instructions by said officers. 57-006 Rev. 3/90 (OVER) 5. DESIGNATION OF AGENTS. "BE IT FURTHER RESOLVED, That any_of the following officers, N/A as the (President) (Vice President) (Secretary) (Treasurer) of Company, may execute and deliver, for and on behalf of Company, a written authorization designating such agents of Company as they may deem advisable, who shall be authorized, in the name and on behalf of Company, to: a. borrow money from time to time in Company's name from Bank, give Company's notes therefor in such amounts and for such time and rate of interest as may be designated in such notes or in accordance with Bank's custom, and as security for the payment of any such notes grant to Bank a security interest in, mortgage or deed of trust liens covering, or otherwise encumber any portion or all of Company's properties; b. execute and deliver, in the name and on behalf of Company, an Agreement of Guaranty or an agreement or agreements of similar tenor whereby Compa- ny guarantees the repayment of another person's, corporation's, or other entity's indebtedness to Bank, or agrees to pledge or assign any property of Company, whether real, personal, or mixed, to secure the indebtedness of another person, corporation, or entity to the Bank, and further to carry out and perform the covenants, conditions, and agreements to be performed in said A!j,reement of GU,aranty or suCh similar agreement or agreements; and c. instruct Bank by oral or written communication, whether in person or by telephone or by any other available means, regarding the payment, withdrawal or transfer, by wire or otherwise, of funds or money deposited in Company's account or to the credit of Company, Or for the transfer, by wire or other- wise, of funds between different accounts of Company or for advance of funds from loans approved by Bank, and Bank is hereby authorized and directed to honor such instructions and to charge such account and to payor advance such funds of Company pursuant to such instructions. 6. WRITTEN NOTICE OF REVOCATION. "BE IT FURTHER RESOLVED, That the authority herein conferred upon the officers, agents, and employees herein named Or those persons duly desig- nated or appointed in writing and delivered to Bank in the manner provided herein shall not be revoked or changed, insofar as it may concern Bank, unless and until written notice of such revocation or change signed by the MAYOR of £ðH4:JiK~shall have been delivered to Bank by delivering same to one of its officers at its main banking office. CITY OF NORTH RICHLAND HILLS 7. PRIOR ACTS. "BE IT FURTHER RESOLVED, That all things heretofore done by the officers and agents of Company with respect to deposits, withdrawals and transfers from and to its account(s), and the borrowing of money from and the execution of notes, security agreements, deeds of trust, financing statements, and other instruments of encumbrance to Bank are hereby ratified as being the acts of binding upon Company. 8. SUCCESSORS AND ASSIGNS. "BE IT FURTHER RESOLVED, That these instructions and the authoritY and instructions given thereby shall pass and inure to any successor of Or to the assigns of Bank. 9. FACSIMILE SIGNATURES. "BE IT FURTHER RESOLVED, That Bank, as a designated depository of Company be, and it is hereby requested, authorized, and directed to honor checks, drafts, or other orders for the payment of money (no one item to exceed the amount of $ UNLIMITED ) drawn in Company's name including those drawn to the individual order of any person or persons whose name or names appear thereon as a signer or signers thereof, when bearing or purporting to bear the facsimile signature(s) of any_of the following: TOMMY BROWN, JEANETTE REWIS, BYRON SIBBET and Bank shall be entitled to honor and to charge Company for all such checks, drafts, or other orders regjlrdless of by whom or by what means the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with Bank by Company's Secretary." The undersigned further certifies that the facsimile signatures of the persons authorized in the foregoing resolution are printed or otherwise supplied on EXHIBIT "A" attached hereto and incorporated herein by reference, and that such facsimile signatures as printed or supplied therein are true and correct as of the date hereof. The undersigned further certifies that the fOllowing ~persons are the officers of Company on this date and those authorized in the foregoing resolutio~, to sign as designated officers and that the (President) (Vice President) (Secretary) (Treasurer) designated below are duly authorized to designate and appoint such agents in writing as authorized in the foregoing resolution, and that the signatures appearing below are the TRUE SIGNATURES OF SUCH OFFICERS. (Please type names below signatures) TOMMY BROWN IK~~ , MAYOR , Ass't. Secretary BYRON SIBBET ,~~~ -MAYOR PRO TEM , Treasure' , Vice-President , Ass't. Treasurer JEANETTE REWIS CITY , Secretary (Other) IN WITNESS WHEREOF, I have subscribed my name as Secretary and have caused the corporate seal to be hereunto affixed this day of AUGUST , 19~. 26TH ~~L ~ ~,~ Secretary