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HomeMy WebLinkAboutResolution 1988-017 RESOLUTION NO. 88-17 Corporation Resolution Authorizing Opening and Maintenance of a Checking Account FIRST REPUBLICBANK RICHLAND, North Richland Hills, Texas I HEFEBY CERI'IFY THAT at a meeting of the Board of Directors of the City of North Richland Hills a corporation hereinafter referred to as "Ccmpany," duly and regularly called, noticed and held, and at which there was present, and voting a quorum of said Board, the following resolution was unanimously adopted: RESOLVED: That FIRST REPUBLICBANK, NRH, TEXAS, be and is hereby selected as a depository for the funds of this canpany, and that said funds may be deposited In an account styled as follows Ci ty of North Richland Hills ; that said funds shall be withdrawn fram said depository on the check of this ccmpany, signed by any two of the following representatives of this canpany, that checks, drafts, notes, bills of exchange and orders for the payment of money may be endorsed by anyone of the signatures hereby authorized, and deposited with you for the credit of said account and that such endorserænts may be made in writing or by a starrp and wi thout designation of the person so endorsing. PLF..ASE PRINT PLAINLY :BEI:.aV THE NAMES OF ALL THOSE AUTHORIZED 'IO SIGN ON THIS ACCOUNT Names of Signers Titles Tommy Brown Mayor Dick Fisher Mayor Pro Tem Jeanette Rewis City Secretary Any of the above named are hereby authorized to stop payment against checks of this canpany and to bind the canpany thereto: It is further resolved that any indebtedness created in connection with this account by any of the above named, whose signatures shall be required on checks or drafts or other order of payment or fund transfers shall be the debt of this canpany; It is further resolved that the said Bank is hereby authorized to receive such drafts, checks, notes or orders so executed for the credit of, or in payment fram, the payee, or any other holder without inquiry in any case as to the circumstances of their issue or the disposition of their proceeds whether drawn to the individual order of, or tendered in payment of any individual obligation of, any of the above named, That this resolution be retroactive for the period during which the ccrnpany account has been carried with said Bank and that the action of said bank in paying such checks on such signatures during that period is hereby ratified and confinned; that said authority hereby conferred shall remain in force until written notice of the revocation thereof shall be received by said Bank; and that the certification of the Secretary of this ccmpany as to the election and appointment of the officers so authorized to sign such checks and endorsements and as to the signatures of such officers shall be binding upon this ccmpany. TIT WITNESS WHEREOF, I have hereunto set my hand and the corporate seal of this Ccmpany. this 23rd day of May 1988 ~"~dZU tuuM Secretary