HomeMy WebLinkAboutRES 112415-G - Auth. Business Comerica BankRESOLUTION
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS TO AUTHORIZE REPRESENTATIVES
.1 #,
CONDUCT BUSINESS WITH ♦ BANK N.A. FOR THE
PURPOSE OF ENTERING INTO LETTERS OF CREDIT TO FULFILL
COLLATERAL REQUIREMENTS.
WHEREAS, the City of Georgetown (the "Depositor") is a local government of the State of
Texas and is hereby empowered to conduct business with Comerica Bank N.A. for the purpose
of entering into letters of credit-, and
conductSECTION ONE. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim.
SECTION TWO. The individuals, whose names appear below, are Representatives of the
Depositor and are hereby authorized to issue letters of credit and take all other actions deemed
necessary or appropriate for the purpose of meeting our collateral requirements necessary to
business.
Blame: Title:
Laurie Brewer —F-As-si—sta-rit City Manager
Controller
SECTIONSECTION THREE. An Authorized Representative of the Depositor may be added or deleted
by a written instrument signed by the named Authorized Representative.
•Resolution
amendeduntil or - • -• by ' Depositor.
MayorSECTION FIVE. The 'py authorized to sign this Resolutionand the City Secretary to
'- • + e- s - e• .••e a
Resolution Number: t I -ZA " Page 1 of 2
Description: Banking Authorization Resolution
Date Approved: November 24, 2015
Bridget Chapman
City Attorney
Resolution Number: -uQ415-G
Date Approved: November 24, 2015
By: r-- -,6.
Dale Ross
Mayor