HomeMy WebLinkAboutCC Res 4627 1998-05-26
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RESOLUTION NUMBER
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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 4532
WHEREAS, there are certain funds of the City of Seal Beach on deposit with the Bank
of America and Wells Fargo Bank; and
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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, George E. Brown is the duly elected Mayor of the City of Seal Beach,
Keith Till is the City Manager, and Elizabeth Stoddard is the duly
appointed Finance Officer and City Treasurer of the City of Seal Beach;
and
WHEREAS, 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 1.
That the signatures of George E. Brown 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.
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 of two 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Resolution No. 4532 is hereby rescinded.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.
Resolution Number ~27
NOES: Councilmembers
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f the City of Seal Beach,
199B,by
PASSED, APPROVED AND ADOPT51~'HE.CitY Coun'
at a meeting thereof held on the - day of
the following vote:
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AYES: Councilmemb
ABSENT: Councilmembers
ATTEST:
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
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I, Joanne M. Yeo, City Clerk of Seal Beach, California, do here~lrtifY that the
foregoing resolution \s the original copy of Resolution Number on file in the office
of the City Clerk, passed, approved and adopted by the Cit~ouncil of the City of Seal
Beach, at r ular m . g thereof held on the 0:2 ~ day of
,199B.
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