HomeMy WebLinkAboutCC Res 4470 1996-05-28
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RESOLUTION NUMBER M,M
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 FIRST INTERSTATE
BANKlWELLS FARGO BANK; AND AUTHORIZING ALTERNATE
SIGNATURES, AND RESCINDING RESOLUTION NUMBER 4423
WHEREAS, there are certain funds of the City of Seal Beach on deposit with the Bank
of America and First InterstatelWells 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, Gwen Forsythe 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 Gwen Forsythe 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 First InterstatelWells 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Resolution No. 4423 is hereby rescinded.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 First InterstatelWells Fargo, a certified copy thereof.
Resolution Number
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AYES:
Council member
e City of Seal Beach,
1996, by
PASSED, APPROVED AND ADOPTE~# THE City Council 0
at a meeting thereof held on the ~ - day of
the following vote:
NOES: Councilmembers
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ABSENT: Council member
_ d~h /~~(.b,
Mayor
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STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do hereby certify that the I
foregoing resolution is the original copy of Resolution Numbe~lt'on file in the office
of t City Clerk, passed, approved and adopted by the ~~Gouncil of the City of Seal
Be , regular meeting thereof held on the ~ day of .
,1996.
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