HomeMy WebLinkAbout2023-1025A Resolution Signatory Authority for Prosperity AccountsResolution No. 2023-1025A
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
RESOLUTION NO. 2023-1025A
A RESOLUTION REGARDING SIGNATORY AUTHORITY FOR TROPHY
CLUB MUNICIPAL UTILITY DISTRICT NO. 1 ACCOUNTS AT
PROSPERTY BANK USA
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 Prosperity Bank USA (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 Trophy Club
Municipal Utility District No. 1 shall have signatory authority over the District's accounts at
Prosperity Bank USA, 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. William C. Rose Director
b. Kevin R. Carr Director
c. Tracey Hunter Director
d. Ben Brewster Director
e. Doug Harper Director
f. Alan Fourmentin 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 affect the
provisions of this Resolution.
4. These changes supersede all previously existing signatory authorities on record with
Prosperity Bank USA.
Resolution No. 2023-1025A
RESOLVED, PASSED, AND APPROVED on this the 25`h' day of October 2023.
ATTEST:
Doug Harper
Secretary, Board of Directors
Kevin R. Carr
President, Board of Directors