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Board approves district signers and adds Lone Star Investment Pool representatives
Summary
Trustees approved adding Linda Bufe and Interim Superintendent Ed Sharp as authorized representatives for the Lone Star Investment Pool and approved resolutions authorizing Bufe and Sharp to sign at First State Bank and First United Bank.
At the May 27 special meeting, the Abernathy ISD board approved a set of financial-authority actions. Trustees voted to add Linda Bufe and Interim Superintendent Ed Sharp as authorized representatives for the district's Lone Star Investment Pool, and they approved resolutions authorizing Bufe and Sharp as signatories at First State Bank and First United Bank.
The Authorized Representative Add Form motion to add Linda Bufe and Ed Sharp to the Lone Star Investment Pool roster was made by Ty Horsford and seconded by Manuel Adames Jr.; the minutes record the motion as passed with six votes in favor and one absence. The First State Bank resolution was moved by David Carver and seconded by Mike Magallanes; the First United Bank resolution was moved by Ty Horsford and seconded by David Carver. Both bank-signing resolutions passed by the same 6–0 margin with one absence.
These votes give the listed district staff the authority to sign checks and certificates of deposit and to act as investment representatives for the district's participation in the Lone Star Investment Pool. The minutes do not record additional limits or dollar thresholds tied to the signatory authorities.
