RES 2016-35 TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2016-35
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS PROVIDING FOR ADOPTION OF A WRITTEN
POLICY AUTHORIZING THE TOWN TO ACCEPT APPLICATIONS FOR
PRIMARY BANK DEPOSITORY SERVICES FROM ELIGIBLE
FINANCIAL INSTITUTIONS NOT DOING BUSINESS WITHIN THE
TOWN; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Texas Local Government Code requires the Town Council of the
Town of Trophy Club to approve and adopt a written policy permitting and providing for
the consideration of applications for primary bank depository services from financial
institutions not doing business within the Town.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF TROPHY CLUB,
TEXAS:
Section 1. That the findings and premises contained in the above are deemed
to be true and correct.
Section 2. That the attached Exhibit "A" written policy of the Town of Trophy
Club shall be approved.
Section 3. This Resolution shall become effective upon the date of passage.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas this 13th day of December 2016.
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0<G C. Nick Sanders
co Mayor
Town of Trophy Club, Texas
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ATTEST: ---� APPROVED AS TO FORM:
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hannon Montgomefy, Tr:M/1,0 J. David Dodd Ill
Acting Town Secretary Town Attorney
Town of Trophy Club, Texas Town of Trophy Club, Texas
EXHIBIT "A"
TOWN OF TROPHY CLUB, TEXAS
POLICY FOR ESTABLISHMENT OF PRIMARY BANK DEPOSITORY SERVICES
Pursuant to Section 105.011 of the Texas Local Government Code, the Town of Trophy
Club, Texas shall receive applications for performance of primary bank depository
services from one or more banks, credit unions, or savings associations. The Town
Council of the Town of Trophy Club, Texas determines that it is in the best interest of
the Town to permit the consideration of applications received from a bank, credit union,
or savings association that is not doing business within the Town. No applications to
provide primary bank depository services shall be accepted from a bank, credit union, or
savings association, which does not maintain a place of business within the state of
Texas.
RES 2016-35 Page 2 of 2