HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2015-07RESOLUTION NO. FWHFC-2015-07
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MORGAN CHASE BANK, N.A. AND AUTHORIZING SIGNATORIES FOR ALL
,X(Il"COUN"I'S
WHEREAS, the Board of Directors (the "Board") of the li'ort Worth Housing Nnance
Con-poration. (the "Corporatii,,,)n") pursu,,ant to the Amended and Restated Bylaws of the
Corporation (the "Bylw&,s" desires to desi11
onate JP N4organ, Chase Bank,. A. as the
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depository for the Corporation's ftinds;
WHERF-AS, the Section 5.02 of the B ' ylaws states that "All checks,
dernands for money, withdrawals of money, time and der monad deposits and certificates of
deposits shall be signed by such officer or oflicers of the C.orporation or such other person or
persons as the Board of )Director's may from time to time designate... "'
WHEREAS, the Board has deter pinned that designating JP klorgian Cliase Manila, N.A.
as the depository for the ("orporation's funds mid appointing signatories for the (,`.oiToration's
accounts with said depository in accordance with 1:,)owers and duties set forth in the Bylla%Nrs will
result in increased adrninistnatkv eflIcierwy for the C"orporation,
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1. THAT the Board authorizes the opening and niaintenance of general and special bank
and custodial accounts with JP Tviorgan Chase Bank, N,A
.2. THAT the Board hereby delegates its powers with respect, to bank and custodial
accounts to the officers, agents and other persons listed on the attached List of
Authorized Signatories,
3. THAT the Board aiuthorizes the Coq)oration's 1'reasurer and General khanager from
time to time to remove or appt'.)Jint additional signatories :for the (,'orporafion's bank and
CUStodial accounts.
4. THAT the Board authorizes the 'freasurer and the (r jeneral lvlarjja.ger to execute and
deli%vr any docurnients, instruments, agreenients or other writings necessary, adi1sable
or desirable to implement this ResoltrItior) for and on behalf of the Corpora,fi(.)n in the
transfer of the Corporation-s fujids to JP klorgan (,hase Bank. N.A.
9
RESOLUTION NO. FWHFC-2015-07
["AGE 2 M
THAT the Board ratifies and confirms any actions already taken by the Treasurer or the
General Manager authorized by this Resolution and any such actions are hereby ratified
and confirmed as the valid actions of the Corporation effective as of the date such
actions were taken.
6. THAT this Resolution takes effect from the date of its adoption.
F.1,101-1XV-8
FORT WORTH HOUSING FINANCE CORPORATION
By t, G
Salvador Espino, Presid)nt
K,
W- X-mma
ILIMMIKKIIHON&ILVAIN muMIMMIRM w M'j C k
Name: Title:
Fernando Costa Assistant City Manager*
Susan Alanis
Salvador Espino
Danny Scarth
Aaron J Bovos
Jesus Chapa
Cynthia Garcia
Rhonda Hinz
*Ennployees of the City of Fort Worth
Assistant City Manager*
President
Vice President
Treasurer
General Manager
Assistant General Manager
Assistant Treasurer