RE 08-10-99.1 A RESOLUTION OF THE CITY OF COPPELL, TEXAS
RESOLUTION NO. 081099.1
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, EXTENDING THE
BANK DEPOSITORY AGREEMENT WITH FROST NATIONAL BANK, FORMERLY
OVERTON BANK AND TRUST, FOR AN ADDITIONAL ONE YEAR PERIOD; AND
AUTHORIZING ITS EXECUTION BY THE MAYOR.
WHEREAS, the City Council previously designated Frost National Bank, formerly
Overton Bank and Trust, as the bank depository for the City of' Coppell, Texas; and
WHEREAS, the City entered into a Bank Depository Agreement with Frost National
Bank, formerly Overton Bank and Trust, which granted the City the option to extend the Bank
Depository Agreement for four (4) additional one-year periods; and
WHEREAS, the City Council deems it in the best interest to extend the Bank Depository
Agreement with Frost National Bank, formerly Overton Bank and Trust, for an additional one-
year period;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS, that:
1. The Depository Agreement by and between the City of Coppell, Texas, and Frost
National Bank, formerly Overton Bank and Trust, dated October 24, 1995, be and
the same is hereby extended for an additional one-year period commencing on
December 1, 1999, and continuing through November 30, 2000.
2. The Mayor is authorized to execute any documents necessary to effect the
extension of aforesaid Bank Depository Agreement.
3. The Resolution shall become effective from and after its passage, as a law and
charter in such cases provided.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell,
Texas, on this the /0 ~ day of~l~.~ 1999.
CITY OF COPPELL, TEXAS
CANDY gHE~'fl~N, MAYOR
ATTEST:
LI~BB~Y ~L, INTERIM CITY SECRETARY
APPROVED AS TO FORM:
ROBERT~E.u~~Y ATTORNEY