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Home My WebLink AboutR10-227RESOLUTION R10 -227 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS DESIGNATING AMERICAN STATE BANK AS DEPOSITORY FOR CITY FUNDS; AUTHORIZING THE MAYOR TO DESIGNATE MANAGING PERSONNEL TO SIGN ALL ACCEPTANCE AND PAYMENT DOCUMENTS REQUIRED TO DEPOSIT, WITHDRAW, OR COLLECT SUCH FUNDS; AND TO PERFORM ANY OTHER ACTS REASONABLY NECESSARY TO ADHERE TO AMERICAN STATE BANK'S CORPORATE BANKING RESOLUTION. WHEREAS, the City of Plainview designates American State Bank as one of its depositories for City funds; and WHEREAS, such City funds may be withdrawn on checks, drafts, advices of debit, notes or other orders for the payment of monies bearing signatures of designated City officers or employees; and WHEREAS, such named City officers or employees further are authorized to execute such other agreements as are reasonably necessary to carry out the provisions of the Corporate Banking Resolution, attached as Exhibit "A and WHEREAS, the City Council designates Mayor John C. Anderson, City Manager Greg Ingham, Finance Director Sarianne Beversdorf and Accounting Coordinator Tammy Adams as the City's authorized officials to sign any and all documents related to such City funds deposited with American State Bank and in accordance with the Corporate Banking Resolution, attached as Exhibit "A." NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLAINVIEW THAT: The City Council hereby designates American State Bank as one of its depositories for City funds. Such funds may be withdrawn on checks, drafts, advices of debit, notes or other orders for the payment of monies bearing signatures of the designated City officers or employees. Further, the City Council hereby designates Mayor John C. Anderson, City Manager Greg Ingham, Finance Director Sarianne Beversdorf and Accounting Coordinator Tammy Adams as the City's authorized officials to sign any and all documents related to such City funds deposited with American State Bank and in accordance with the Corporate Banking Resolution, incorporated as a part of this Resolution and attached as Exhibit "A." American State Bank is authorized to honor Resolution R10 -227 Page 1 of 3 367 368 and pay the funds whether or not they are payable to bearer or to the individual order of any designated official or officials signing the same. Such designation shall be in full force and effect until written notice of any amendment or revocation shall be received by American State Bank at each location where an account is maintained. The City Council hereby further authorizes any one of such designated officials to endorse all checks, drafts, notes, and other items payable to or owned by the City for deposit, collection, discount, or accept drafts or other items with American State Bank. Moreover, such officials shall be empowered to execute such other agreements as they deem reasonably necessary to carry out the provisions of the Corporate Banking Resolution, incorporated as a part of this Resolution and attached as Exhibit "A." Any part of this Resolution in conflict with any other Resolution, is repealed to the extent of the conflict with this Resolution. Any word, phrase, or part of this Resolution found to be invalid or unconstitutional shall not affect any other word, phrase, or part hereof and such shall be and continue in effect. ATTEST: Belinda Hinojosa, City Secr Resolution R10 -227 IV. V. VI. This Resolution shall be effective on and after its adoption. PASSED AND APPROVED this 10 day of August, 20 ohn C. Anderson, Mayor Page 2 of 3 APP' 2S D S T ONTENT: y Manager APPROVED AS TO FORM: e lie Spear Pea e, City Attorney Resolution R10 -227 Page 3 of 3 369 Names Titles Sr Ittures '1,1=1101 JOHN ANDERSON MAYOR X; r7" Z oraren GREG INGHAM CITY MANAGER SAJ WI E SEVERSOORF DIRECTOR OF FINANCE X TAMMY ADAMS ACCOUNTING COROINATOR X X X X x x x Assumed Name(s): Filed With: Date(s): 11 _j__/ 370 Corporation: CITY of PLAIWIEW 121 W 7TH ST PLAINVIEW,TX 790724011 SEAL Exhibit "A" CORPORATE BANKING RESOLUTION For Deposit Accounts X X Financial Institution: American State Bank 1401 Avenue Lubbock, TX 79401 -3819 Mount Number(s): 14647306 I, the undersigned Secretary of the Corporation named above, HEREBY CERTIFY that the Corporation is organized and existing under and by virtue of the laws of the state of TIS as a corpo ation, 0 for profit 0 not for profs with its principal office at: 121 W 7TH ST PLAINVIEW TX 79072 -8011 Account Holder. The Corporation named above is the complete and correct name of the Account Holder. The following is a complete gst of all assumed business namea, if any, under which the Corporation does business. The Corporation has filed assumed business name listings with the following governmental entities on the indicated dates: I FURTHER CERTIFY that at a meeting of the Board of Directors of the Corporation, duly and regularly called and held on at which a quorum was present and voting, the fotowing resolutions were adopted: RESOLVED, that the Financial Institution named above at any one or more of its offices or brans ib be and it hereby is designated as a depository for the funds of this Corporation, which may be withdrawn on checks, drafts, advices of debit, noteslor ljl her orders for the payment of monies bearing the following a ppropriate number of signatures: Any of the following named oftio rs r employees of this Corporation CA whose actual signatures are shown below: and that the Financial Institution shall be and is authorized to honor and pay the same whether or not they are payable to bearer or to the individual order of any Agent or Agents signing the same. FURTHER RESOLVED, that the Financial Institution is hereby directed to accept and pay without further inquiry any item drawn against any of the Corporation's aawunts with the Financial Institution bearing the signature or signatures of Agents, as authorized above or otherwise, even though drawn or endorsed to the order of any Agent signing or tendered by such Agent for cashing or in payment of the individual obligation of such Agent or nor deposit to the Agenrs personal account, and the Financial Institution shall not be required or be under any obligation to Inquire as to the circumstances of the issue or use of any item signed in accordance with the resolutions contained herein, or the application or disposition of such item or the proceeds of the Rem. FURTHER RESOLVED, that any one of such Agents is authorized to endorse all checks, drafts, notes and other items payable to or owned by this Corporation for deposit with the Financial Institution, or for collection or discount by the Financial Institution; and to accept drafts and other items payable at the Financial Institution. FURTHER RESOLVED, that the above named agents are authorized and empowered to execute such other agreements, including, but not limited to, special depository agreements and arrangements regarding the manner, conditions, or purposes for which funds, checks, or items of the Cotporabon may be deposited, collected, or withdrawn and to perform such other acts as they deem reasonably necessary to carry out the provisions of these resolutions. FURTHER RESOLVED, that the authority hereby conferred upon the above named Agents shall be and remain in full force and effect until written notice of any amendment or revocation thereof shall have been delivered to and received by the Financial Institution at each location where an account is maintained. Financial Institution shall be indemnified and held harmless from any loss suffered or any liability incurred by R in continuing to act in accordance with this resolution. Any such notice shat not affect any hems in process at the time notice Is given. FURTHER RESOLVED, 1 FURTHER CERTIFY that the persons named above occupy the positions set forth opposite their respective names and signatures: that the foregoing Resolutions now stand of record on the books of the Corporation; that they are in full tome and effect and have not been modified in any manner whatsoever. IN TESTIMONY WHEREOF, 1 have hereunto set my hand on and attest that the signatures set opposite the names listed above are their genuine signatures. CORPORATE CERTIFIED TO AND ATTESTED BY: *Secretary or Assistant Secretary 'NOTE In case the Secretary or other certifying officer Is designated by the foregoing resolutions as one of the signing officers, this certificate should also be signed by a second Officer or Director of the Corporeson. DACR AS (Rev. 11/00) *638 °Harland Financial Sotutrons, Inc. 2002, 2004. Ali Rights Reserved, To Reorder, call Harland Financial Solutions 877 -S05 -8278.