HomeMy WebLinkAboutResolution 1981-003
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Resolutions of Corporate Board
I,
,leònette Mnnrp
City of North Richland Hills
Secretary of
" a corporation
duly organized and eXiStIng under the laws of the State of T @xa ~ , and doing business in Nnr th Rich 1 and, Hill s
Texas, do hereby certify that I am keeper of the records and minutes of the ptoceedings of the Board of Directors of said Corporation, and that on the
?6th day of ,January , 19-.8..t, there was duly and legally held a meeting of said Board
of Directors, at which a qu.orum of the Director!; was present and acting throughout. and at said meeting the following resolutions were unanimously
adopted:
RESOLVED, That NORTHEAST NATIONAL BANK, Fort Worth, hereinafter called "Bank", is hereby designated as a depository of this
Corporation and that an accouot or accounts shall be established in behalf of this Corporation with Bank under the style of______
See Attached list
under and subject to the rules and regulations as from time to time prescribed by Bank wherein may be deposited any of the funds of this Corp...').ratÏon
whether represented by cash, checks, notes, or other evidences of debt and from which withdrawals are hereby aurhorized in rhe name of the corporation,
by any
two ( 2 )
(Number of signatures requi,ed)
of the following:
rh¡:¡rlE", W
Williñmc;
r.ity Manaer
City Secretary
Dick Faram - Mayor
Dave Freeman Mayor Pro Tern
Jeanette Moore
Don Lunday - Finance Director
IT IS FURTHER RESOLVED that any of the above-named parties shall be authorized to individually sign for and receive the statements and
cancelled vouchers of this corporation, or to appoint in writing, agents to sign for and receive such documents, and any of the above-named parties are
hereby further authorized to Stop payments against checks of this corporation and to bind the corporation thereto. Endorsements for deposit may be by
written or stamped endorsement of the Corporation without designation of the party making the endorsement.
FURTHER RESOLVED, That any two (2) of the following:
(Number of signatures required)
Charles W. Williams
City Manager
Dick Faram - Mayor
._~De-tt.e Mnnrp - r.i ty Sprrptñry
Don Lunday - Finance Director
may from time to time borrow money in the name of the Corporation from the Bank and give the Corporation's notes or other evidences of indebted.
ness therefor, in such amount<; and for such time and rate of interest as may be designated 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 Corpotation to Bank by the exe-
cution and delivery for and on behalf of the Corporation of deeds of trust. assignments, chattel mOrtgages, separate coIJ:'Itcral agreements, p~eJge <\,,;ree-
menrs, 1010 a,o,reements, and other security agreement.';, as well as any other agreement that may be required by the Bank, whether similar to ::lay of rho":e
enumerated or not, which said agreements or instruments may, among other things, pledge, encumber. convey, or cover any OI all proptrties of the
Corporation. including bills. notcs. accounts receivable, stocks. bonds, real estate anù personal property. as well as any other property nnd assets of the
Corporation. whether similar to those enumerated Ot not, and the notes, bills, accounts. certificates of deposit. and other receivables and instruments
owned by said Corporation may be transferred to said Bank for rediscount or for purchase or fur collection on tnc endorsement of any of said persons;
and any of said persons shall have authority to waive demand. protest, aDd notice of protest or dishonor of any check, nOte, bill, draft, or other instrument
made. drawn, or endorsed by thb Corporation.
FURTHER RESOLVED, That Bank is hereby aurhorized 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 are presented for cash or for credit to d1C p~rson21 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 Secretary or any Assistant Secretary shall certify to Bank the names of the presenrIv duly elected and qualifying
officers of this Corporation as well 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 certify in writing such changes ro Bank, and Bank shall be fully protected in rdying on such
written certifications of the Secret;:,ry and shall be indemnified and saved hannle5s from any claims, demands, expenses, losses. or damages n:suldng
from or growing Out of honoring the signature of any persons so certified or refusing to honor any signatUIc not So certified.
FURTHER RESOLVED, The said aurhority herein conferred shall remain in force until written notice of rcvocation thereof shall bc rcceived by
said Bank or a new resolution superseding the present one.
FURTHER RESOLVED, That these rcsolutions and the authority herein granted shall pass and inure to any succcssor or to thc assigns of Bank.
1 further certify that the following are the names a.nd the true and official signaturcs of we present officers of this Corporation and the pi.:fSOnS
authorized to sign for and on behalf of this Corporation in the foregoing resolutions.
Dave Freeman =-Mayor Pro Tem
.-.Presidenl
·-1JJiJtant Secrf#/J.,y
V ice Presidenl
--iJ"siJ,tanr T r¡¡aSUfe1'
çeC,elar,
(SEAL)
T retlJuru
IN WITNESS WHEREOF, I have hereunto Set my hand as Secretary of said Corporation, and have attached herero the official seal of said Corpo-
ration, this
day of
,19_,
FORM 81
Secretary