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<br />38 <br /> <br />RESOLUTION 1989-10R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SAN MARCOS, TEXAS, DESIGNATING <br />HAYS COUNTY NATIONAL BANK AS A DEPOSITORY <br />FOR THE FUNDS OF SAID CITY, AND GRANTING <br />AUTHORITY TO ACT ON BEHALF OF SAID CITY <br />WITH REGARD TO SAID DEPOSITORY, AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of San Marcos, Texas, based on requests for <br />proposals received in 1987 desires to continue to deposit funds of <br />said City in Hays County National Bank; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. That Hays County National Bank, hereinafter called <br />the Bank, be and it is hereby designated as a depository for funds <br />of the City of San Marcos. <br /> <br />PART 2. That the Director of Finance, Donna M. Farley, and <br />the City Manager, Larry D. Gilley, of said City are hereby <br />authorized to open or cause to be opened an account or accounts <br />with said Bank on such terms and conditions, not inconsistent with <br />this resolution and the law, as shall be required by said Bank, to <br />endorse or cause to be endorsed, in the name of the City of San <br />Marcos and to cash, to negotiate, or to depositor cause to be <br />deposited in such account or accounts any money, checks, drafts, <br />orders, notes, and other instruments for the payment of money. <br /> <br />PART 3. That checks, drafts, or other withdrawal orders <br />issued against the funds of the City of San Marcos on deposit with <br />said Bank may be signed by the Director of Finance, Donna M. <br />Farley, and the City Manager, Larry D. Gilley, the Budget Officer, <br />Wayne Moore, and said Bank is hereby fully authorized to pay and <br />charge to the account of the City of San Marcos, any checks, <br />drafts, or other withdrawal orders, signed by at least two of the <br />above-named individuals, including those payable to the individual <br />order of the person signing the same and including also checks or <br />other withdrawal orders payable to said bank or to any other <br />person or corporation which are applied in payment of any <br />indebtedness owing to said bank from the person or persons who <br />sign such checks or other withdrawal orders. <br /> <br />PART 4. That any and all resolutions heretofore adopted by <br />the City of San Marcos and certified to said Bank as governing the <br />operation of said Ci tyO s accounts with it be and are hereby <br />continued in full force and effect, except as the same may be <br />supplemented or modified by the foregoing. <br /> <br />PART 5. That this Resolution shall continue in full force <br />and effect until expressed written notice of its rescission or <br />modification has been furnished to and received by said Bank. <br /> <br />PART 6. That this Resolution shall <br />effect from and after its adoption. <br /> <br />be <br /> <br />in <br /> <br />full <br /> <br />force <br /> <br />and <br /> <br />ADOPTED this the 23 <br /> <br />day of <br /> <br />January <br /> <br />, 198 9 . <br /> <br />~~~~ <br /> <br />Mayor <br /> <br />Attest: <br /> <br />" 'I <br /> <br />(-/1/ <br /> <br />J~mis K. Womack <br />City Secretary <br /> <br />