HomeMy WebLinkAbout2018-0515B Resolution Bank of The West Signatory AuthorityResolution No. 2018-0515B
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
RESOLUTION NO. 2018-0515B
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 and 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. Gregory Wilson Director
b. William C. Rose Director
c. Kelly Castonguay Director
d. Stephen J. Flynn Director
e. Mark Chapman Director
f. John Carman General Manager
2. At least two (2) authorized signors must sign all disbursements of the District.
3. 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.
4. These changes supersede all previously existing signatory authorities on record with Bank
of America.
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Resolution No. 2018-0515B
RESOLVED, PASSED, AND APPROVED on this the 15st day of May 2018.
ATTEST:
Secreta
rd of birect` rs
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Presid , Board of Directors