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RE 10-28-97.1A RESOLUTION OF THE CITY OF COPPELL, TEXAS RESOLUTION NO. 1d0,2r %% / A RESOLUTION OF THE CITY OF COPPELL, TEXAS, EXTENDING THE BANK DEPOSITORY AGREEMENT WITH OVERTON BANK AND TRUST FOR AN ADDITIONAL TWO-YEAR PERIOD; AND AUTHORIZING ITS EXECUTION BY THE MAYOR. WHEREAS, the City Council previously designated 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 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 Overton Bank and Trust for an additional two-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 Overton Bank and Trust dated October 24, 1995, be and the same is hereby extended for an additional two-year period commencing on December 1, 1997, and continuing through November 30, 1999. 2. The Mayor is authorized to execute any documents necessary to effect the extension of the aforesaid Bank Depository Agreement. 3. The Resolution shall become effective from and after its passage, as a law and charter in such cases provide. DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas, on this the,_AY Y day of CC6 tier 1997. CITY OF COPPELL, TEXAS CANDY SHfEHAN, MAYOR I SS13225 ATTEST: KATHLEEN ROACH, CITY SECRETARY APPROVED AS TO FORM: J 'j a PETER G. SMITH; CITY ATTORNEY (PGS/pr 10/21/97) SS13225 CORPORATE AUTHORIZATION RESOLUTION OVERTON BANK & TRUST, N.A. By: CITY OF COPPELL (Corporation) 102 N. DENTON TAP ROAD PO BOX 478 COPPELL (Address) 972-304-8466 COPPELL TX 75019-0478 (City, State and Zip Code) A. I, _KATHLEEN_ ROACH certify that I am Secretary (clerk) of the above named corporation organized under the laws of TEXAS Federal Employer I.D. Number E 75-1183207 , engaged in business under the trade name of CITY OF COPPELL , and that the following is a correct copy of resolutions adopted at a meeting of the Beard of Directors of this corporation duly and properly called and held on DECEMBER 17 1997 . These resolutions appear in the minutes of this meeting and have not been rescinded or modified. B. Be it resolved that, (1) The Financial Institution named above is designated as a depository for the funds of this corporation. (2) This resolution shall continue to have effect until express written notice of its rescission or modification has been received and recorded by this Financial Institution. (3) All transactions, if any, with respect to any deposits, withdrawals, rediscounts and borrowings by or on behalf of this corporation with this Financial Institution prior to the adoption of this resolution are hereby ratified, approved and confirmed. (4) Any of the persons named below, so long as they act in a representative capacity as agents of this corporation, are authorized to make any and all other contracts, agreements, stipulations and orders which they may deem advisable for the effective exercise of the powers indicated below, from time to time with this Financial Institution, concerning funds deposited in this Financial Institution, moneys borrowed from this Financial Institution or any other business transacted by and between this corporation and this Financial Institution subject to any restrictions stated below. (5) Any and all prior resolutions adopted by the Board of Directors of this corporation and certified to this Financial Institution as governing the operation of this corporation's account(s), are in full force and effect, unless supplemented or modified by this authorization. (6) This corporation agrees to the terms and conditions of any account agreement, properly opened by any authorized representative(s) of this corporation, and authorizes the Financial Institution named above, at any time, to charge this corporation for all checks, drafts, or other orders, for the payment of money, that are drawn on this Financial Institution, regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimens in section C. (or the facsimile signature specimens that this corporation files with this Financial Institution from time to time) and contain the required number of signatures for this purpose. C. If indicated, any person listed below (subject to any expressed restrictions) is authorized to: Name and Title Signature FacsimileSiignature (A) (B) (C) (D) ZACK STROUD BRIAN JOHNSON STEVE GORAM RICHARD MOORE Indicate A, B, C and/or D (1) Exercise all of the powers listed in (2) through (6). N/A _ (2) Open any deposit or checking account(s) in the name of this corporation. N/A (3) Endorse checks and orders for the payment of money and withdraw funds on deposit with this Financial Institution. Number of authorized signatures required for this purpose _N_/_A__ ___ (4) Borrow money on behalf and in the name of this corporation, sign, execute and deliver promissory notes or other evidences of indebtedness. Number of authorized signatures required for this purpose N/A_ (5) Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks, bonds, real estate or other property now owned or hereafter owned or acquired by this corporation as security for sums borrowed, and to discount the same, unconditionally guarantee payment of all bills received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and notice of non-payment. Number of authorized signatures required for this purpose _ (6) Enter into written lease for the purpose of renting and maintaining a Safe Deposit Box in this Financial Institution. Number of authorized persons required to gain access and to terminate the lease 1 D. I further certify that the Board of Directors of this corporation has, and at the time of adoption of this resolution had, full power and lawful authority to adopt the foregoing resolutions and to confer the powers granted to the persons named who have full power and lawful authority to exercise the same. In Witness Whereof, I have hereunto subscribed my name and affixed the seal of this corporation on I l IMPRINT j -1, SEAL HERE. Attest by ne Other Officer Secretary C)1985 BANKERS SYSTEMS, INC., ST. CLOUD, MN 58301 (1-800-397-2341) FORM CA -1 12/29/89 (page 1 of 1) _. T.