R-1023-2-91RESOLUTION NO. 1023-2-91 (R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, AUTHORIZING CERTAIN EMPLOYEES TO VERBALLY
REQUEST THE TRANSMISSION OF FUNDS FROM TEAM BANK TO OTHER
BANKS OR TO OTHER ACCOUNTS.
WHEREAS, from time to time, the City of Allen verbally requests Team Bank (the
"Bank") to transfer funds to other banks or to other accounts at the Bank for credit to
persons designated by the City of Allen in amounts not to exceed the collected balance
on deposit with the Bank, in a manner which makes it inconvenient or impossible to
execute prior written authorization, instructions or releases otherwise required by the
Bank so that the Bank must have standing instructions upon which to act pursuant to
verbal requests for the transfer of funds.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS THAT: The employees of the City of Allen, listed below are
hereby authorized to request the transmission of funds belonging to the City of Allen.
on Mcparty,
Charlotte Smith, Finance Director
d 0,;Ad,6,) Law&L)
Linda Vaughan, CTiief Accountant
The authority conferred herein shall continue in force and effect until written notice of
revocation shall be received by the Bank.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, ON THIS THE 21ST DAY OF FEBRUARY, 1991.
APPROVED:
�� 4WA".-
Jefe
Farmer, MAYOR
ATTEST:
J y Mo on, CITY SECRETARY