HomeMy WebLinkAboutResolution 1987-025
RESOLUTION NO. 87-25
WHEREAS, from time to time, the City of North Richland Hills verbally
requests First RepublicBank Richland, N.A. (the "Bank") to transfer funds to
other banks or to other accounts at the Bank for credit to persons designed by
the City of North Richland Hills in amounts not to exceed the collected balance
on deposit with the Bank, in a matter which makes it inconvenient or impossible
to execute prior written authorization, instructions or releases otherwise
required by the Bank so that the Bank requests for the transfer of funds.
NOW, THEREFORE, BE IT RESOLVED, that the officers of the City of North
Richland Hills, listed below are hereby authorized to enter into and perform the
Agreement attached hereto as Exhibit "A" on behalf of the City of North Richland
Hills with the Bank providing for requests for the transmission of funds
belonging to the City of North Richland Hills upon the terms and conditions set
forth in said Agreement, and to appoint such persons who may request such
transfers on
Agreement.
The authority conferred herein may be exercised by any two officers
as outlined in the approved Investment Policy. The authorization shall continue
in full force and effect until written notice of revocation shall be received by
the Bank.
Asst. Director of Finance
TITLE
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(Authorized Signature)
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Director of Finance
TITLE
Staff Accountant
TITLE
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(Authorized Signature)
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(Authorized Signature)
Special Projects Accountant
TITLE
Passed and approved this 28th day of September,
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Mayor
ATTEST:
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Ci Secretary
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