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05-08-19-Resolution-Authorizing Signatures for Banking Services-05/06/2019RESOLUTION NO. O3-OS-19 A RESOLUTION OF THE COUNCIL OF THE CITY OF SANGER, TEXAS, AUTHORIZING SIGNATURES, FOR BANKING SERVICES ON BEHALF OF THE CITY OF SANGER, TEXAS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, it is necessary for the City of Sanger to appoint persons to be authorized to sign on behalf of the City of Sanger at depositories ("Banks") ofthe City of Sanger Texas; WHEREAS, it is necessary for the City Council to adopt by Resolution and present the approval by the City Council to depositories for all designated signatories authorized to sign on behalf of the City of Sanger. NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SANGER, TEXAS: Section 1. The following persons are authorized to sign on behalf of the City of Sanger, Texas, orders for payment or withdrawal of money on all accounts: Alina Ciocan, City Manager; Cheryl Price, City Secretary. Such authority shall remain in force until revoked by written notice to the affected bank of the action taken by the City Council of the City of Sanger, Texas. A11 prior authorizations are superseded. Section 2. The following individual is authorized for Business Resolution on behalf of the City of Sanger, Texas, Clayton Gray, Finance Director. Such authority shall remain in force until revoked by written notice to the affected bank of the action taken by the City Council of the City of Sanger, Texas. All prior authorizations are superseded. Section 3. Any designated depository ("Bank") of the City of Sanger, Texas is authorized and directed to honor and pay any checks, drafts or other orders for the payment of money withdrawing funds from any account of the city when bearing or purporting to bear the facsimile signatures of the persons listed in Section 1 of this resolution whether such facsimile signatures be made by stamp, machine, or other mechanical device. The Bank is authorized and directed to honor and to charge the city for such checks, drafts, or other orders for the payment of money, regardless of how or by whom such actual or purported facsimile signatures were made, provided they resemble the signatures duly certified to and filed with the Bank by the persons listed in Section 1 of this resolution. Section 4. This resolution shall become effective immediately upon its passage and approval. DULY PASSED, APPROVED AND ADOPTED by the City Council of the City of Sanger, Texas, on this 6th day of May 2019. ATTEST: City Secretary OF S111'� Poo TEXAS. VED: Thomas E. Muir, Mayor