HomeMy WebLinkAboutCC Res 4168 1992-07-27
RESOLUTION NUMBER /1/68
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,
SECURITY PACIFIC NATIONAL BANK, AND FIRST
INTERSTATE BANK; AND AUTHORIZING ALTERNATE
SIGNATURES AND RESCINDING RESOLUTION NUMBER 4132
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WHEREAS, there are certain funds of the City of Seal Beach on deposit with the Bank
of America, Security Pacific National Bank, 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, Gwen Forsythe is the duly elected Mayor of the City of Seal Beach; Jerry
Bankston, is the City Manager, and Elizabeth Stoddard is the duly appointed
Finance Officer and City Treasurer of the City of Seal Beach; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES
HEREBY RESOLVE:
Section I. That the signatures of Gwen Forsythe, Jerry Bankston and 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, Security Pacific National Bank, and First
Interstate Bank, authorizing the withdrawal of funds of the City of Seal Beach on deposit
with said bank, and said persons as authorized and directed to sign such documents and
signature cards as may be required by said banks in order that said banks are authorized I
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 three personal signatures appearing upon any demands,
checks or drafts for the City of Seal Beach, one authorized original signature shall be
affixed and a facsimile signature plate may be utilized bearing the reproduction of no
more than two of the appropriate signatures hereinbefore authorized.
Section 3.
Resolution No. 4132 is hereby rescinded.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, Security Pacific
National Bank, and First Interstate Bank, a certified copy thereof. .
PASSED, APPROVED AND ADOPTED BY THE City Council of the City of Seal
Beach, at a meeting thereofhel the 27th day of J 1992, by the fo owing vote'
NOES:
Councilmember
AYES:
Councilmemb
ABSENT:
_An~.. /. ~d/~~
Mayor
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Resolution Number ~/6~
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I, Joanne M. Yeo, City Clerk of Seal Beach, California, do here y certify that the
foregoing resolution is the original copy of Resolution Number on file in the
office of the City Clerk, passed, approved, and adopted p,y the City C il of the City of
Seal Beach, at a regular meeting thereof held on th~[4t day of
1992.