HomeMy WebLinkAbout2017-0321C Resolution Regarding Signatory Authority and Inquiry of Accounts at Bank of the WestTROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
RESOLUTION NO. 2017-0321C
A RESOLUTION REGARDING SIGNATORY AUTHORITY
AND INQUIRY OVER TROPHY CLUB MUNICIPAL UTILITY
DISTRICT NO. 1 ACCOUNTS AT BANK OF THE WEST
WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a conservation
and reclamation district, a body corporate and politic and governmental agency of the State of
Texas, created under Article XVI, Sec. 59 of the Texas Constitution by order of the Texas Water
Commission, now the Texas Commission on Environmental Quality ("TCEQ"), and the District
operates under Chapters 49 and 54 of the Texas Water Code, as amended;
WHEREAS, banking rules and effective management of the District's finances require that
the Board of Directors (the "Board") of Trophy Club Municipal Utility District No. 1 (the
"District") establish designated persons who shall have signature authority over the District's bank
accounts at Bank of the West (the "Bank"); and
WHEREAS, it is necessary for the Board to provide that a sufficient number of District
officials be designated with signature authority; and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 THAT:
1. The following members of the Board of Directors the General Manager of the District shall
have signatory authority over the District's accounts at Bank of the West, each of them mutually
having authority to act in the place of any other as may be convenient for effectively transacting
the business of the District:
a.
Kevin R. Carr
President
b.
Greg Wilson
Vice President
c.
Jim Hase
Secretary/Treasurer
d.
Jim Thomas
Director
e.
Bill Rose
Director
f.
Shane Jeff
General Manager
2. The signatory authority for Shane Jeff, General Manager is hereby authorized and shall be
added.
3. At least two (2) authorized signors must sign all disbursements of the District.
4. The Board of Directors directs the staff of the District to take all actions necessary and
apply such information and documentation as may be requested by the Bank to effect the
provisions of this Resolution.
5. These changes supersede all previously existing signatory authorities on record with Bank
of America.
PASSED, APPROVED AND ADOPTED By the Board of Directors of Trophy Club
Municipal Utility District No. 1 on the 211t day of March, 2017.
ATTEST:
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Jj es Hase, Secretary
and of Directors
Trophy Club Municipal Utility District No. 1
Kevin R. Carr, President
Board of Directors