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HomeMy WebLinkAboutRES 012412-EA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS TO AUTHORIZE REPRESENTATIVES TO CONDUCT BUSINESS WITH COMERICA BANK, N.A., VIEWPOINT BANK, N.A., TEXPOOL PARTICIPANT SERVICES, PROSPERITY BANK, RBANK TEXAS, AND SOUTHSIDE BANK the (]tn of Georgetown (Uxc ) is a local government of the State of Texas and is hereby empowered to conduct business with Comerico Bank, N.A., ViewPoint Bank, N.^4., TexPoo[ Participants Services, Prosperity Bank K8aukIexas and Southmide Bank for non-primary bank depository services; SECTION ONE. The facts and recitations contained in the preamble of this resolution are hereby found and declared tobe true and correct, and are incorporated by reference herein and expressly made u part hereof, uydF copied verbatim. SECTION . The individuals, whose names appear below, are Representatives o{the Depositor and are each hereby authorized hn open accounts, to issue letters of instruction, and to take all other actions deemed necessary or appropriate for the purpose ofcmudootizgnoo- Ambhorized Representatives are listed below: Title: Micki Rundell Chief Financial Officer Susan Morgan Finance Director Lorie Lankford Controller SECTION THREE. An Authorized Representative of the Depositor may be added ordeleted by u vvzittzsz instrument signed by at least l of the named Authorized Representatives. Resolution Description: Non-depository Banking Resolution Date Approved: January 24, 2012 Page I of 2 SECTION FOUR. This Resolution and its authorization shall continue in full force and effect until amended or revoked by the Depositor, and until Comerica Bank, N.A. receives a copy of any such amendment or revocation. SECTION FIVE. Tfie Mayor is hereby authorized to sign this Resolution and the City Secretary to attest. SECTION SIX. Exhibit A and B have been provided for Viewpoint Bank and TexPool to meet those banks individual requirements. SECTION SEVEN. This Resolution shall become effective upon its adoption. PASSED AND APPROVED on the 241h day of January, 2012. ATTEST: CITY OF GEORGETOWN, TEXAS B Brettle, City Secretary George G. Garver, Mayor A A Bridget Chapm�m Acting City Attorney Resolution Number: 01@4 1 a Description: Non-depository Banking Resolution Date Approved: January 24, 2012 Page 2 of 2 gKh�W- A •: �: a.. �. Vii; City of Georgetown Current Date: January 24, 2012 RESOLVED, that ViewPoint Bank, National Association (herein after known as the 'Bank") located at P. O. Box 869105 Plano, Texas 75086 -9105, is designated as a depository of the municipality, and that account indicated above by and in the name of the municipality be established and maintained at said Bank. This resolution supersedes original and all previously executed resolutions in the name of this municipality. RESOLVED FURTHER, that any one or more of the following persons are authorized, on behalf of the municipality and as its own act, to sign checks, drafts, notes, bills of exchange, acceptances, or other orders for the payment of money, and to endorse any checks, drafts, notes, bills, other instruments owned, held or endorsed to the municipality, or to do any other acts convenient or necessary to the opening, maintenance, and closing of such accounts and the deposit or withdrawal of funds there from: Micki Rundell (Printed Name) (Signature) (Facsimile /Stamped Signature) Susan Morgan (Printed Name) (Signature) (Facsimile /Stamped Signature) Lorie Lankford (Printed Name) _ (Signature) (Facsimile /Stamped Signature) (Printed Name) (Signature) (Facsimile /Stamped Signature) (Printed Name) (Signature) (Facsimile /Stamped Signature) (Printed Name) (Signature) (FacsimilelStamped Signature) RESOLVED FURTHER, that said Bank is authorized to honor and pay any and all checks and drafts of this municipality signed as provided in these resolutions, whether or not payable to the person or persons signing them; and that checks, drafts, bills of exchange, and other evidence of indebtedness may be endorsed for deposit to the account or accounts of this municipality by any of the foregoing named officers or by any other employee or agent of this municipality, and may be endorsed for deposit or collection in writing or by stamp without designation of the person making such endorsement. RESOLVED FURTHER, that any of the persons above named be, and they hereby are authorized and empowered to make any and all other contract, agreements, stipulations, and orders which they may deem advisable, from time to time, with said bank in respect to transactions between this municipality and said Bank in regard to funds deposited in said Bank, monies borrowed from said bank or any other business transactions by and between this municipality and said Bank. RESOLVED FURTHER, that the manager of the municipality is directed to certify to said bank the due adoption and existence of these resolutions, the names and specimen signatures of the present managers of the municipality authorized to sign as aforesaid, and when any changes are made in the persons holding such offices the fact of such change and the names and specimen signature of each new officer (manager). RESOLVED FURTHER, that the certification of a manager of this municipality as to the election or appointment of such authorized officers named in these resolutions shall be binding on this municipality, and the authority conferred by these resolutions shall remain in force until written notice of the revocation or modification thereof shall be delivered to an officer of said Bank. I further certify that the officers of this Municipality have, and at the time of adoption of said resolution had, full power and lawful authority to adopt the foregoing resolutions and to confer the powers therein granted to the persons named who have full power and lawful authority to exercise the same. Authorized Signature and Date (Name — printed) (Title) VP_ Municipal _Resolution.doc 12 -21 -2011 (Participant Name & Location Number) ( "Participant ") is a local government of the State of Texas and is empowered to delegate to a public funds investment pool the authority to invest funds and to act as custodian of investments purchased with local investment funds; and WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for the preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and WHEREAS, the Texas Local Government Investment Pool ( "TexPool/ Texpooi Prime "), a public funds investment pool, were created on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act, NOW THEREFORE, bent resolved as follows: A. That the individuals, whose signatures appear in this Resolution, are Authorized Representatives of the Participant and are each hereby authorized to transmit funds for investment in TexPool / TexPool Prime and are each further authorized to withdraw funds from time to time, to issue letters of instruction, and to take all other actions deemed necessary or appropriate for the investment of local funds. B. That an Authorized Representative of the Participant may be deleted by a written instrument signed by al I remaining Authorized Representatives provided that the deleted Authorized Representative (1) is assigned job duties that no longer require access to the Participant's TexPool / TexPool Prime account or (2) is no longer employed by the Participant; and C. That the Participant may by Amending Resolution signed by the Participant add an Authorized Representative provided the additional Authorized Representative is an officer, employee, or agent of the Participant; List the Authorized Representatives of the Participant. Any new individuals will be issued personal identification numbers to transact business with TexPool Participant Services. 1. Name: Micki Rundeil Title: Chief Financial Officer Phone /Fax/Ernail: (512)930/3677/(512)930-368IJmicki.rundell@georgetown.org Signature: 2. Name: Susan Morgan Title: Finance Director Phone/Fax/Email: (512) 930 -8462 / (512) 930 -3681 / susan.morgan @georgetown.org Signature: ORIGINALS REQUIRED TEX — REP TexPool Participant Services ® Federated Investors Inc 1001 Texas Ave., Suite 1400 ® Houston, Tx 77002 ® — ww.tex000l.com - 1- 866 - 839 -7665 01 /11 3. Name: Lorie Lankford Phone /Fax/Email: (512) 930 -25621 Signature: 4. Name: Phone/Fax/Email: Signature: Title: Controller 930 -0400 / lorie.lankford @georgetown.org Title: List the name of the Authorized Representative listed above that will have primary responsibility for performing transactions and receiving confirmations and monthly statements under the Participation Agreement. Name Lorie Lankford In addition and at the option of the Participant; one additional Authorized Representative can be designated to perform only inquiry of selected information. This limited representative cannot perform transactions. If the Participant desires to designate a representative with inquiry rights only, complete the following information. 5. Name: Phone /Fax/Email: Title: D. That this Resolution and its authorization shall continue in full force and effect until amended or revoked by the Participant, and until TexPool Participant Services receives a copy of any such amendment or revocation. This Resolution is hereby introduced and adopted by the Participant at its regular /special meeting held on the day , 20 _ BY: Signature Paul Brandenburg Printed Name City Manager Title ATTEST: Signature Jessica Brettle Printed Name City Secretary Title III IiIIIINIII 117 111 0111!1 ORIGINALS REQUIRED TexPool Participant Services ® Federated Investors Inc 1001 Texas Ave., Suite 1400 ® Houston, TX 77002 - ww•w.texpool.cori - 1- 866 - 834 -7665 TEX — REP 01/11