HomeMy WebLinkAboutResolution 1986-045
RESOLUTION NO. 86-45
WHEREAS, from time to time, the City of North Richland Hills
verbally requests Texas Commerce Bank-Hurst, 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
must have standing instructions upon which to act pursuant to verbal
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 belong to the City of North Richland Hills upon the
terms and conditions set forth in said Agreement, and to delete and-appoint
such persons, from time to time, who may request such transfers on behalf
of the City of North Richland Hills in accordance with such Agreement.
The authority conferred herein may be exercised singly by any of
such officers and shall continue in full force and effect until written
notice of revocation shall be received by the Bank.
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Director of Finance
TITLE
Staff Accountant
TITLE
Asst. Director of Finance
TITLE
Passed and approved this 13th
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Mayor
ATTEST:
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Ci~ Secretary ,
APPROVED AS 0 FORM AND LEGALITY:
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Attorney