HomeMy WebLinkAboutResolution 1985-001
RESOLUTION 85-1
Resolutions of Corporate Board
1.
Jeanette Rewis
Seaetarr of
City of North Richland Hills
a corporation
duly organized and e-xisting undet the lawa of the State of Texas . and doing business il' North Richland Hills,
Texas. do hereby certify that 1 am keeper of the records and minutes of the proceedings of the Board of Directors of said Corporation. and that on the
14 th day of January . 19~. there was duly and legally held a meeting of said Board
of Ditectors, at which a quorum of the Directors was present and acting throughout. and at said meeting the following resolutions were unanimously
adopted:
RESOLVED, That NORTIiEAST NATIONAL BANK. Pon Worth. hereinafter called "Bank". is hereby designated as a depository of this
Corporation and that an aCCOUnt or accounts shall be established in behalf of this Corporation with Bank under the style of
Citv of
North RichlAnn HillR
under and subject to the rules and regulations as from time to time presaibed by Bank wherein may be deposited any of the funds of this CotþOration
whether represented by cash, checks, notes, or other evidences of debt and from which withdrawals are hereby authorized in the name of the cOtþOration.
by any
two
(Numb... of sig"'"M'S "qflÍ4'.tlJ
of the following:
Dan Echols
Mayor
C. Richard Davis, Jr.
Mayor Pro Tern
Jeanette Rewis
Citv Secretary
IT IS FURTHER. RESOLVED that any of the above-named patties shall receive the statements and
cancelled vouchers of this corporation. or to aþþOint in writing, agents to sign for d receive such documents. and any of the above-named þltties are
hereby further authori:æd to StOp payments against checks of this corporation and to bind rhe cotþOration thereto. Endorsements fM deþOOit may be by
written or stamped endorsement of the Corporation without designation of the þItty making the endorsement.
two
FURTIiER RESOLVED, That any
( Numb... of sigtldtUf"s "q,,¡,.tlJ
of
Dan Echols
Mayor
Mayor Pro Tem
C. Richard Davis, Jr.
Jeanette Rewis City Secretary
may from time to time borrow money in the name of the Corporation from the k and give the Corporation's notes or other evidences of Indebted-
ness therefor. in such amounts and for such time and rate of interest as may be ignated on said noteS or other evidences of indebtedness or as may be
the Bank's custom. and any of said persons may secure the payment of any or all indebtedness and obligations of the Corporation to Bank by the exe-
cution and delivery for and on behalf of the CotþOration of deeds of truSt. assignments. chattel mortgages. separate colIateral agreements, pledge agree.
ments. loan agreements, and other securiry agreements, as well as any other agreement that may be required by the Bank, whether similar to any of those
enumerated or not, which said agreements or instruments may, among other things. pledge, encumber. convey. or cover any or all properties of the
Corporation. including bills, notes. accounts receivable. stocks. bonds. ret! estate and personal prOþetfy. as well as any other property and assets of the
Corporation, whether similar to those enumerared or not, and the notes, bills. accounts. certificates of deposir. and other receivables and InstrUments
owned by said Corporation may be transferred to soid Bank for rediscount or for purchase or for collection On me endorsemenr of any of said persons;
and any of said persons shall have authority to waive demand. protest, and notice of protest or dishonor of any check. note, bill. draft. or other instrUment
made, drawn. or endorsed by this CotþOration.
FURTHER RESOLVED. That Bank is hereby authorized to honor any and all withdrawals of the Corporation's funds payable to the officer or
agent signing, or countersigning the same, or payable to Bank. whether such withdrawals ase presented for cash or for credit to tile personal account of
such officer or agent or the person presenting the same, and Bank need make no inquiry concerning any such item.
FURTHER RESOLVED, That the Scaetary or any Assistant Secretary shall certify to Bank the names of the presently duly elected and qualifying
officers of this Corporation as weIl as the persons authorized hereunder. and shall from time to time hereafter. as changes in the personnel of said officers
or the persons authorized hereunder are made. immediately cenify in writing such changes to Bank. and Bank shall be fulIy protected in relying on such
written certilications of the Secretary and shall be iodemnified and saved harmiess from any claims, demands, expenses. losses. or damages resulting
from or growing out of honoring the signarure of any persons so certified or refusing to honor any signature not so certified.
FURTHER RESOLVED, The said authority herein conferred shall remain in force until written notice of revocation thereof shall be received by
said Bank or a new resolution superseding the present one.
FURTHER RESOLVED. That these resolutions and the authority herein granted shall pass and inure to any successor or to the assigns of Bank.
I further certify that the following are e names and the uue and official signatures of the present officers of rhis Corporation and the persons
authori sign for and on behalf of 'N' Cor ion in the foregoing resolutions.
Cc
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IN WITNESS WHEREOF, I have hereunto Set my hand as Scaetary of said Corporation. and have attached hereto the official seal of sa.id Corp<>
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ration, this
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