HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2017-03RESOLUTION NO. FWLDC-2017-03
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Appointing Robert Sturns as an Authorized Signatory Agent
of the Fort Worth Local Development Corporation's Bank Accounts
WHEREAS, Article I, Section I of the Bylaws of the Fort Worth Local Development
Corporation (the "Corporation") authorizes the Board of Trustees (the "Board") to
exercise all of the powers of the Corporation; and
WHEREAS, on November17, 2015 the Board appointed Robert Sturns as an authorized
signatory agent of the Corporation allowing him to sign and execute all bonds, deeds,
conveyances, franchises, assignments, mortgages, notes, contracts, and other obligations
in the name of the Corporation;
WHEREAS, in order to increase administrative efficiency, the Board wishes to appoint
Robert Sturns as an authorized signatory agent of the Corporation's Bank Accounts;
NOW, THEREFORE, BE IT RESOLVED that Robert Sturns is hereby appointed as
an authorized signatory agent of the Corporation and, from and after the effective date of
this Resolution, may be added to all Corporation Bank Accounts and have signatory
rights;
FURTHER RESOLVED, that this Resolution shall take effect immediately upon its
adoption; and
FURTHER RESOLVED, the authority granted herein shall expire automatically upon
any separation of employment with the City of Fort Worth, including retirement, by
Robert Sturns; and
FURTHER RESOLVED, the Board by Resolution may, at any time and for any reason,
revoke the authority granted herein; and
FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the
Corporation is hereby authorized and directed to certify the adoption of this Resolution.
Adopted thiA 1" day of March, 2017.
ecretary