R86-03RESOLUTION NO.' 86 -3
WHEREAS: The City of Kennedale, Texas, maintains a bank account
with MBank of Mansfield, Texas and the Safety Deposit
Box located at MBank, Mansfield, Texas..
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE,
TEXAS:
Section 1. That an account shall be continued in the
name of the City of Kennedale with MBank of Mansfield
Texas under the rules and regulations as prescribed by
said bank from time to Lime, wherein may be deposited
any of the funds the City of Kennedale, whether represented
by cash, checks, notes, or other evidences of debt and
from which withdrawals are hereby authorized in the name
of the City of Kennedale as follows:
A. All withdrawals must be signed by two persons
to be valid.
B. One of said signatures shall be either Steve
Radakovich, Mayor, or Jerry W'.Mitchell, Mayor Protem,
The other signature shall be by either Ted Rowe, City
Administrator, or Gala L. Kirk, City Secretary, -I
Section 2. Endorsement for deposit may be.by the written
or stamped endorsement of the City of Kennedale without
designation of party making the endorsement; and the City
of Kennedale hereby guarantees all prior endorsements on
all checks, drafts, or other similar instruments that may
be deposited by it with said bank,
Section 3. The authority herein conferred upon-the individuals
herein named shall not be revoked or changed, and so far as
may concern said bank, unless and until written notice of
such revocation or change signed by the Mayor shall have been
delivered to said bank by delivering same to its President or
one of its Vice- Presidents or its Cashier at its banking office,
These instructions given thereby shall pass and inure to any
successor or to the assigns of MBank of 'Mansfield, Texas,
AND IT IS SO RESOLVED.
Passed in open session of the City Council of City of Kennedale, Texas on the
10 day of April , 1486.
CITY KENNEDAI E // Q
TEVE.RADAKOyiQH Mayor
ATTEST:
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CITY ECRETARY