HomeMy WebLinkAboutCC Res 4532 1997-06-09
RESOLUTION NUMBER ~:3~
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 4470
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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, Marilyn Bruce Hastings 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 Marilyn Bruce Hastings 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 ad~ressed 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 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Resolution No. 4470 is hereby rescinded.
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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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Resolution Number~~~
AYES:
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PASSED, APPROVED AND ADOPT~Y THE City Coun iI of t e City of Seal Beach,
at a meeting thereof held on the _ day of 1997, by
the following vote:
,
Councilmemb
NOES: Councilmember
ABSENT: councilmembe~.I~
4./)~~<.
- Act~ng ayor
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do her~~ifY that the
foregoing resolution is the original copy of Resolution Number :J. n file in the office
o~ City Clerk, passed, approved and adopted by the c~ouncil of the City of Seal
BeacH t a regular meeting thereof held on the day of
, 1997. /