13-65 - RTOWN OF PROSPER, TEXAS RESOLUTION NO. 13-65
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, AUTHORIZING VARIOUS INDIVIDUALS AS SIGNATORIES ON
SPECIFIC ACCOUNTS AND CERTAIN INVESTMENT MATTERS;
REPEALING RESOLUTIONS NO. 13-09, ADOPTED ON OR ABOUT
FEBRUARY 26, 2013, AND NO. 13-59, ADOPTED ON OR ABOUT OCTOBER
22, 2013; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, periodically the Town updates the list of specific individuals authorized to
perform certain financial transactions on the Town's behalf; and
WHEREAS, it is the intent of the Town Council of the Town of Prosper, Texas, to
authorize the following individuals to be signatories and take all appropriate and necessary
actions relative to the following Town accounts.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
Town -approved signatories for current and possible future Independent Bank accounts
and those of any other depository of the Town are hereby authorized to include the Town's
Finance Director, the Mayor and the Town Manager. Presently the incumbents for each
position hereby authorized are Kent Austin, Ray Smith, and Harlan Jefferson, respectively.
SECTION 2
The Town -approved signatories authorized to perform wire and ACH transfers include
the Town's Finance Director, Accounting Manager, and Town Manager. Presently the
incumbents for each position hereby authorized are Kent Austin, Patricia Featherston, and
Harlan Jefferson, respectively.
SECTION 3
The Town -approved signatories authorized to make financial transactions for the
TexPool local government investment pool and TexSTAR local government pool include the
Town's Finance Director and Accounting Manager. Presently the incumbents for each position
hereby authorized are Kent Austin and Patricia Featherston, respectively.
SECTION 4
Resolution Nos. 13-19 and 13-59, approved on or about February 26, 2013, and October
22, 2013, respectively, are hereby repealed in their entirety.
SECTION 5
This Resolution shall be effective from and after its passage by the Town Council.
1
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 10TH DAY OF DECEMBER, 2013.
Ray Smith Mayor
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Ro yn 1301e, Town Secretary ��� �.,......,• •O a�,
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Terrence S. Welch, Town Attorney �i� +•,�+' .r*k
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Resolution No. 13-65, Page 2