HomeMy WebLinkAboutRES 1992-038 RESOLUTION NO. 92-38
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS AUTHORIZING CERTAIN
+r�,. OFFICERS AND EMPLOYEES OF THE CITY TO WIRE
TRANSFER CITY FUNDS ON DEPOSIT WITH CITY OF
GRAPEVINE DEPOSITORY INSTITUTIONS; PROVIDING
AN EFFECTIVE DATE
WHEREAS, the City of Grapevine, Texas, (the "City") from time
to time requests the City's Depository Institutions to transfer
funds in amounts not to exceed the collected balance on deposit in
a manner which makes it inconvenient or impossible to execute prior
written authorization, instructions or releases otherwise required
so that the said Banks must have standing instructions upon which
to act pursuant to verbal requests for the transfer of funds; and
WHEREAS, the wire transfer of funds allows the City to
expeditiously meet the financial needs of the City.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
'� � Section 1. That the above and foregoing preamble is
incorporated herein as if copied herein its entirety.
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Section 2 . That on Agreements providing for the wire transfer
of City funds from the withholding Depository Institution the City
Manager is authorized to execute the said Agreements on behalf of
the City. Those persons authorized to perform wire transfers shall
be the Director of Finance, Assistant Director of Finance and
Accountant and are hereby authorized to perform the Agreements.
The City Manager shall, as required from time to time, delete from
and add to the list those persons authorized to perform the said
Agreement.
Section 3 . That this resolution shall take effect from and
after its date of passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 3rd day of November , 1992 .
APPROVED:
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William D. Tate
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Mayor
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ATTEST:
�'"' Lin H f f
City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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