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HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2014-07RESOLUTION NO. FWLDC-2014-07 FORT WORTH LOCAL DEVELOPMENT CORPORATION RESOLUTION OF THE BOARD OF TRUSTEES Appointing Cynthia Garcia as an Authorized Signatoly Agent of the Fort Worth Local Development Cotporation WHEREAS, Article 1, 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, in order to increase administrative efficiency, the Board wishes to appoint Cynthia Garcia as an authorized signatory agent of the Corporation; NOW, THEREFORE, BE IT RESOLVED that Cynthia Garcia is hereby appointed as an authorized signatory agent of the Corporation and, from and after the effective date of this Resolution, may sign and execute all bonds, deeds, conveyances, franchises, assignments, mortgages, notes, contracts, and other obligations in the name of the Corporation; FURTHER RESOLVED, that this Resolution shall take effect immediately upon its adoption; and FURTHER RESOLVED, D, the authority granted herein shall expire automatically upon any separation of employment with the City of Fort Worth, including retirement, by Cynthia Garcia; 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 this '0 11"' day of November, 2014.