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RES 1996-11TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 9 6 _ 1 1 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS APPROVING THE CORPORATE AUTHORIZATION RESOLUTION FOR THE ESTABLISHMENT OF A TOWN ACCOUNT FOR THE DEPOSIT OF PARK DEDICATION FUNDS WITH NORTHWEST BANK; AUTHORIZING AND DIRECTING THE MAYOR AND OTHER NECESSARY TOWN REPRESENTATIVES TO EXECUTE THE RESOLUTION; PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. The Town Council does hereby approve the Corporate Authorization Resolution with Northwest Bank for the establishment of an account dedicated solely to the deposit of funds paid to the Town in lieu of the dedication of park land. A true and correct copy of the Corporate Authorization Resolution is attached hereto and incorporated herein by this reference. Section 2. The Mayor of the Town is hereby authorized and directed to execute the said Corporate Authorization Resolution on behalf of the Town. Section 3. This Resolution shall become effective from and after its date of passage as provided by law. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas this the _ 6t day of A t, r i 1 , 1996. ,ter May r, Town of Trophy lub, Texas F ATTEST: Town Secretary, Town of Trophy Club, Texas [SEAL] DOC #: 362359 APPROVED AS TO FORM: Town A rney, Town of rophy Club, Texas DOC N: 362359