HomeMy WebLinkAboutCC Res 4395 1995-07-10
RESOLUTION NUMBER f3fr
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
BANK; AND AUTHORIZING ALTERNATE SIGNATURES, AND
RESCINDING RESOLUTION NUMBER 4381
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WHEREAS, there are certain funds of the City of Seal Beach on deposit with the Bank
of America and First Interstate 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, Jack D. Shelver is the Interim 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 Jack D.
Shelver 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 Interstate 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 Jack D.
Shelver and Elizabeth Stoddard, the signature of Joanne Yeo, City Clerk, shall be
authorized to appear on the instruments described above.
Section 3.
Resolution No. 4381 is hereby rescinded.
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~ection 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 Interstate Bank, a certified copy thereof.
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Resolution Number ~.3IS
PASSED, APPROVED AND ADOPTED BJ THE City Council
at a meeting thereof held on the /t? - day of
the following vote:
he City of Seal Beach,
1995, by
AYES:
NOES:
ABSENT:
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Jo~e M. Yeo, City Clerk
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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 her
foregoing resolution is the original copy of Resolution Numbe e in the office of
the City Clerk, passed, approved and adopted by the City Counci of th i of Seal
Beach, at a regular meeting thereof held on the //J~ day of
1995. '