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New Home ISD board approves opening commercial credit card with $50,000 limit; Lisa Webb designated signee
Summary
The board approved opening a commercial Visa account with First Bank and Trust with a $50,000 limit and named Lisa Webb as signee; motion carried.
The New Home ISD Board approved opening a new commercial credit card account with Visa First Bank and Trust, setting the credit limit at $50,000 and designating Lisa Webb as the account signee. The minutes state: "Board discussed and approved opening a new commercial credit card account with Visa First Bank and Trust with a limit of $50,000.00 and with Lisa Webb being the Signee. Motion Carried."
The minutes do not list purposes for the account, controls or limits on card use, whether multiple signatories will be added, or whether monthly reporting will be required. The authorization was recorded as carried but included no roll-call tally or additional administrative instructions in the text.
