R3-87-Resolution- First National Bank of Sanger Authorizing Proper Signature for Loans-03/05/1987RESOLUTION
WHEREAS, under state law, the Mayor is the legal
assignee for the city.
WHEREAS, the First National Bank of Sanger has
requested a resolution authorizing the person to sign loans
for the city.
NOW THEREFORE BE IT RESOLVED that the City Council
of the City of Sanger hereby informs the First National Bank
that the Mayor of the City of Sanger will sign all future loans
for the City of Sanger when so directed by the majority vote
of the City Council,
PASSED AND APPROVED the
Net Armstrong
Mayor
ATTEST:
Rosalie Shuffie
City Secretary