HomeMy WebLinkAboutCC Res 4181 1992-10-26
RESOLUTION NUMBER fIt8 J
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 4168
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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; Jeny
Bankston, 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 I
HEREBY RESOLVE:
Section 1.
That the signatures of Gwen Forsythe, and/or Jeny Bankston 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, 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 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 Jeny
Bankston and Elizabeth Stoddard, the signature of Joanne Yeo, City Clerk, shall be
authorized to appear on the instruments described above.
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Section 3.
Resolution No. 4168 is hereby rescinded.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.
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Resolution Number tll!1
PASSED, APPROVED AND ADOPTE~ 'l;HE City Cm of~fSeal
Beach, at a meeting thereof held on the 4If. day of ~ 1992, by
the following vote:
AYES:
CounciImemb
NOES: CounciImembers
ABSENT: CounciImembers
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Mayor
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STATE OF CALIFORNIA }
COUNTY OF ORANGE } 55
CITY OF SEAL BEACH }
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do hereby ce~fy that the
foregoing resolution is the original copy of Resolution Number '4;, I on file in the
office of the City Clerk, passed, approved and adopted b~ the City COU~Of the City of
Seal Beach, at a regular meeting thereof held on the d1t ~ day of '.:&A,~,
1992.