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Council and EDC discuss signatory rules and bylaws after conflicting internal policies
Summary
Council and the Bandera Economic Development Corporation debated who should sign EDC checks after discovery of inconsistent language between EDC bylaws and a 2019 policy. Council asked EDC to revise bylaws or provide clarifying documentation; until that is resolved bank signatory practice will follow current EDC bylaws.
City of Bandera council members and Economic Development Corporation (EDC) representatives discussed a longstanding discrepancy between the EDC’s bylaws and a 2019 EDC policy about who must sign EDC checks.
Nut graf: The EDC’s bylaws state one signatory structure while a 2019 policy and earlier practice differ; council members asked the EDC to resolve the inconsistency and provide a clear, current policy before requiring additional city signatories on EDC…
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