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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