HomeMy WebLinkAboutCC Res 4680 1999-01-25
RESOLUTION NUMBER 1681')
A RESOLUTION OF THE CITY COUNCil. OF THE CITY OF SEAL
BEACH, CALIFORNIA, PROVIDING AUTHORIZATION TO SIGN
DEMANDS AND CHECKS FOR THE WITHDRAWAL OF FUNDS ON
DEPOSIT WITH THE BANK OF AMERICA AND WELLS FARGO
BANK; AND AUTHORIZING ALTERNATE SIGNATURES, AND
RESCINDING RESOLUTION NUMBER 4627
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WHEREAS, there are certain funds of the City of Seal Beach on deposit with the Bank
of America and Wells Fargo Bank; and
WHEREAS, it is desirable to protect the funds of the City of Seal Beach from
unauthorized disbursement through the use of fraudulent signatures; and
WHEREAS, Paul Yost is the duly elected Mayor of the City of Seal Beach, Keith Till is
the duly appointed City Manager, and Elizabeth Stoddard is the duly
appointed Finance Officer and City Treasurer of the City of Seal Beach;
and
WI-IEREAS, it is desirable to appoint an alternate signatory for the City's Financial
Officers during periods of concurrent absence.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES
HEREBY RESOLVE:
Section I.
That the signatures of Paul Yost and/or Keith Till and/or Elizabeth
Stoddard shall be the signatures required on all demands, checks
and drafts of the City of Seal Beach addressed to the Bank of
America and Wells Fargo Bank, authorizing the withdrawal of
funds of the City of Seal Beach on deposit with said banks, and
said persons are authorized and directed to sign such documents
and signature cards as may be required by said bank in order that
said banks are authorized to honor demands and checks and drafts
of the. City of Seal Beach for the withdrawal of funds on deposit in
said banks.
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Section 2.
That in lieu of two personal signatures appearing upon any
demands, checks or drafts for the City of Seal Beach, a facsimile
signature plate may be utilized bearing the reproduction oftwo of
the appropriate signatures hereinbefore authorized.
BE IT FURTHER RESOLVED THAT during periods of absence incurred by Keith Till
and Elizabeth Stoddard, the signature of Joanne Yeo, City Clerk, shall be authorized to
appear on the instruments described above.
Section 3.
Resolution No. 4627 is hereby rescinded.
Section 4.
The City Clerk shall certify to the passage and adoption of this
resolution and is authorized and directed to deliver to said Bank of
America and Wells Fargo, a certified copy thereof.
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PASSED, APPROVED AND ADOPTED BY T~ City Cou cil
Beach, at a meeting there,?fheld on the d25' _ day 0
by the following vote:
99,
/
Resolution Number~~~
AYES:
Councilmemb
NOES:
ABSENT:
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ST ATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do here~~ ,c:~ify that the
foregoing resolution is the original copy of Resolution Number~n file in the office
of .ty Clerk, passed, approved and adopted by the City Council of the City of Seal
Bach, a regular meeting thereof held on the c:?irY':f day of
1999.
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