HomeMy WebLinkAboutItem 17 - Northstar BankMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
- ' I
FROM: BRUNO RUMBELOW, CITY MANAGER 6
MEETING DATE: APRIL 21, 2015
SUBJECT: RESOLUTION AUTHORIZING PERSONS NAMED BELOW
TO SIGN ON ALL ACCOUNTS AND TRANSACTIONS WITH
NORTHSTAR BANK
City Council to consider a resolution authorizing signatures for all banking transactions
with Northstar Bank.
The names for the City of Grapevine, Texas to be authorized are:
William D. Tate, Mayor
Bruno Rumbelow, City Manager
Greg Jordan, Chief Financial Officer
Karen L. Walker, Managing Director of Financial Services
10-MI-Ilel
Chapter 105 (Sub Chapter B 105.011) of the Texas Local Government Code authorizes
municipalities to establish depositories for banking services.
These individuals are hereby authorized and empowered to sign in banking transactions
with Northstar Bank until Northstar Bank has received notice in writing that this authority,
as to any or all individuals, has been revoked.
Staff recommends approval.
4/14/2015 (3:34:02 PM)
RESOLUTION NO. /0 0 A:W rrA 4
bhlik
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, AUTHORIZING PERSONS NAMED
BELOW TO SIGN ON ALL ACCOUNTS AND
TRANSACTIONS WITH NORTHSTAR BANK AND
PROVIDING AN EFFECTIVE DATE
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
*F GRAPEVINE, TEXAS:
Section 1. That the persons named below are those persons who are hereby
authorized and empowered for and in the name and on the behalf of the City of
Grapevine, which is not in contravention of the City Charter, to sign in banking
transactions with Northstar Bank until said Northstar Bank has received notice in writing
that this authority, as to any or all of the persons whose names appear below, has been
revoked.
Section 2. That the City Council hereby authorizes William D. Tate, Mayor;
Bruno Rumbelow, City Manager; Greg Jordan, Chief Financial Officer; and Karen L.
Walker, Managing Director of Financial Services on all accounts with Northstar Bank.
William D. Tate, Mayor
Bruno Rumbelow, City Manager
Greg Jordan, Chief Financial Officer
Karen L. Walker, Managing Director of
Financial Services
Signature
Signature
Signature
Signature
Section 3. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 21st day of April, 2015.
ullml
lacmurom w
CORPORATE AVTHOR(ZATION RESOLUTION
NORTHSTAR BANK OF TEXAS BY: Ct 4,1 6 C &t-�0LA1_a
PO BOX 430 P, D, Bo1c 9510L4
DENTON 7X 76202
"(JZVLrlG, T -71,0`3'1
Referred to in this document as "Financial Institution" Referred to in this document as "Corporation"
I, Tn P. 0a2,, KS , certify that I am Secretary (clerk) of the above named corporation organized under the laws of
Texas , Federal Employer I.D. Number i S,- (a o 0 0 5'{-(a , engaged In business under the trade name of
and that the resolutions on this document are a correct copy of the resolutions
adopted at a meeting of the Board of Directors of the Corporation duly and properly called and held on (date).
These resolutions appear In the minutes of this meeting and have not been rescinded or modified.
AGENTS Any Agent listed below, subject to any written limitations, is authorized to exercise the powers granted as Indicated below:
Name and Title or Position Signature Facsimile Signature
(if used)
A. ofj6iIt6Lml7, Ti_k-c bt' X X
B. ��EttEl._rXo Numb Inw, C�jr= ► r�ac,r,- X X
C. 10r_tx'ctnX X
D. L iJ&LIW, Mane4L tn! D%r CC FIn0r,6&1 SdGS X X
E. X X
F. X X
POWERS GRANTED (Attach one or more Agents to each power by placing the letter corresponding to their name in the area before each power.
Following each power indicate the number of Agent signatures required to exercise the power,)
Indicate A, B, C, Description of Power
D, E, and/or F
(1) Exercise all of the powers listed in this resolution.
�-, T) (2) Open any deposit or share account(s) in the name of the Corporation,
A 6 C (3)
Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit
with this Financial Institution.
(4)
Borrow money on behalf and in the name of the Corporation, sign, execute and deliver promissory notes
or other evidences of indebtedness.
_ (5)
Endorse, assign, transfer, mortgage or pledge bilis receivable, warehouse receipts, bills of lading, stocks,
bonds, real estate or other property now owned or hereafter owned or acquired by the Corporation as
security for sums borrowed, and to discount the same, unconditionally guarantee payment of all bills
received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and
notice of non-payment.
�, D (6)
Enter into a written lease for the purpose of renting, maintaining, accessing and terminating a Safe
Deposit Box in this Financial Institution.
(7) Other
LIMITATIONS ON POWERS The following are the Corporation's express limitations on the powers granted under this resolution.
Indicate number of
signatures required
EFFECT ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated If not completed, all resolutions remain in effect.
CERTIFICATION OF AUTHORITY
1 further certify that the Board of Directors of the Corporation has, and at the time of adoption of this resolution had, full power and lawful authority to
adopt the resolutions on page 2 and to confer the powers granted above to the persons named who have full power and lawful authority to exercise
the some. (Apply seal below where appropriate.)
❑ If checked, the Corporation is a non-profit corporation. In Witness Whereof, i have subscribed my name to this document and affixed the seal
of the Corporation on 04/96/2015 (date),
z►
Attest by One Other Officer Secretary
F�r� 0 1986, 1997 Bankers Systems, Inc., St. Cloud, MN Farm CA -1 6/1/2603 (page T of 21