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HomeMy WebLinkAboutRes 97-45 Establishing a Checking Account at a Qualified State or National Bank Within 15 Miles of Town HallTOWN OF WESTLAKE RESOLUTION 97-45 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS ESTABLISHING A CHECKING ACCOUNT AT A QUALIFIED STATE OR NATIONAL BANK HAVING A BANKING FACILITY WITHIN 15 MILES OF THE TOWN HALL, AUTHORIZING CERTAIN INDIVIDUALS TO MAKE SAID TRANSACTIONS; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Town needs to establish a checking account so that it can conduct its business; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the Board of Aldermen of the Town of Westlake, Texas hereby authorize the establishment of a checking account in the Town's name with a qualified state or national bank having a banking facility within 15 miles of the Town Hall. The following conditions shall apply to that account: a) Ginger Crosswy, Town Secretary; Fred Held Alderman; and Abe Bush, Alderman are authorized to sign checks on said account; b) If a check is more that One Thousand Dollars ($1,000.00) two signatures will be required for the check to be valid; and c) It will be a violation of this resolution subject to removal from office for any individual to write multiple checks of $1,000.00 or less each in order to pay an invoice or statement in an amount greater that $1,000.00. .SECTION 3: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 28"' DAY OF JULY, 1997. Scott Bradley, N#Yor Resolution 97-45 Page 2 ATTEST: �Y �. Ginger . osswy, Town Secr@ry APPROVED AS TO LEGAL FORM: Paul 1. Isharn, Town Attorney