HomeMy WebLinkAboutResolution 1030 A Resolution
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS:
1 . That the City Manager is hereby authorized to
establish and/or continue an account or accounts
in the name of the City of Fort Worth, Texas (the
"City") with the Texas American Bank, Fort Worth,
under the rules and regulations as from time to
time may be prescribed by the Bank, wherein may
be deposited any of the City 's funds whether
represented by cash, checks, or other evidences
of debt , from which withdrawals are hereby authorized
in the City 's name by the persons designated in
M&C G-5547, approved by the City Council of the
City of Fort Worth on February 22, 1983. Endorsements
for deposit may be by the written or stamped
endorsements of the City without designation of
the party making the endorsement ; and the City hereby
guarantees all prior endorsements on all checks,
drafts , or other similar instruments that may be
deposited by it with Bank.
2 . That the authority conferred by M&C G-5547 upon
the persons ' named therein shall not be revoked or
changed, insofar as -it may concern Bank, unless
and until written notice is given to Bank by the
City Manager of the City of Fort Worth that a new
individual holds a position which is authorized
to sign or countersign City checks, which notice
shall have been delivered to Bank by delivering
same to one of its officers at its banking office.
3. That the instructions and authority contained in
this resolution shall pass and inure to any successor
or to the assigns of Bank, however, nothing herein
shall be deemed to constitute the City 's consent
to an assignment of the contract for banking services
between the City and the Bank.
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CHI AF r0RT MR=
4. That Bank, as a designated depository of the City,
be and is hereby requested, authorized, and directed
to honor checks, drafts, or other orders for the
payment of money drawn on the City 's name, when
bearing or purporting to bear the facsimile signatures
of the two individuals who occupy the following
positions:
City Treasurer
Controller of Accounts.
These positions currently are staffed as follows,
but - the authorization applies to the position and
not to the individual :
City Treasurer - A. Judson Bailiff
Controller of Accounts - Edwin S. Cook
and Bank shall be entitled to honor and charge the
City for all such checks , drafts, or other orders
regardless of by whom or by what means the facsimile
signature or signatures thereon may have been affixed
thereto, if such facsimile signature or signatures
resemble the facsimile specimens duly certified
to or filed with Bank by the City Manager. The
authorization herein set out is in addition to any
authorizations heretofore furnished to Bank and
now in effect .
Adopted on the day of December, 1984.
Adopted Resolution No.
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