Item 9A ResolutionCity of Southlake, Texas
RESOLUTION NO. 03 -040
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,
TEXAS, AUTHORIZING AN INVESTMENT DEPOSITORY.
WHEREAS, a meeting of the City Council for the City of Southlake, Texas (hereinafter referred to as
'City') was held on June 17, 2003, the following resolutions were adopted.
WHEREAS, WELLS FARGO BANK INSTITUTIONAL TRUST (hereinafter referred to as 'Bank') is
hereby designated as a depository for the investment funds of the City, and any officer or other person
hereinafter named is hereby authorized for and on behalf of the City to open or continue an account or
accounts with said Bank, and to execute and deliver to said Bank signature cards or cards containing
specimen signatures of officers or other persons hereinafter named, and that any officer or person
hereinafter named is hereby authorized for and on behalf of the City to endorse or cause to be endorsed
and to deposit or cause to be deposited in such account or accounts from time to time investment
instruments payable to or held by the City.
WHEREAS, withdrawal orders and other written directions and instructions with respect to funds of
the City now or hereafter with said Bank may be signed by any one of the following:
, Finance Director
, Assistant Finance Director
City Manager
and said Bank is hereby fully authorized to pay and charge to such account or accounts any withdrawal
orders so signed, and to honor any directions or instructions so signed. At no time will a transaction be
payable to the individual benefit of any of the foregoing officers or persons.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS THAT:
said Bank shall be entitled to rely upon a certified copy of these resolutions until written notice of
modification or rescission has been furnished to and received by said Bank.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE ON
THIS DAY OF , 2003.
Mayor Andy Wambsganss
ATTEST:
Lori Farwell
City Secretary