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Home My WebLink About1979-02-22 - Resolution No. 79-090 0 RESOLUTION NO. 79-9 RESOLVED that, by its President, this organization open an account with Union Bank, subject to applicable Bank rules, regulations, and by-laws; that all items drawn on the account shall be signed with the organization name followed by the specified number of signatures of persons listed on the reverse hereof; That any item payable to this organization may be deposited in this account, and Bank may supply any endorsement; That all activity in the account, as evidenced by statements received by this organization prior to the adoption of this resolution, is hereby ratified and approved. That this authorization shall remain effective until the Bank receives certified copy of a resolution of the organization to the contrary; that all previous authorizations heretofore given with respect to said account are revoked; that the revocation of this or of previous authorizations with respect to said account shall not affect the falidity of any item signed or endorsed by any person or persons at the time authorized to act; and that this organization guarantees payment of any overdraft created in this account. This is to certify that the foregoing is a true copy of a resolution duly adopted by the directors of Yorba Linda County Water District organized in the State of California, and that resolution is in full force and effect. Dated 2/22/79 Secretary The depositor hereby opens this account with Union Bank and agrees that it shall be governed by applicable rules, regulations, and by-laws of the Bank now existing or hereafter adopted. Receipt of a copy of rules and regulations applicable to this account is hereby acknowledged. President Adopted this 22nd day of Ayes: Directors, Knauft, Noes: None Absent: None Abstain: None ATTEST: of Yorba Linda County Water District February by the following called vote: Lindow, Clodt, Korn and Cromwell President A(.;CUUNI TITLE ''Ii:1NGE REOI%'\'C'COUNT I) - 2) 3) 4) STREET ADDRESS CITY TVPE OF BUSINESS ASSOCIATION BANK REFERENCE (NAME!ADDRESS) SEND STATEMENT TO (NAME/ADDRESS) B OWNERSHIP ACCT. MGR. NO. 2NO ACCT. MGR. CYCLE CODE ILOC A N K STATEM ENT TYPE SERVICE CHARGE OFFSET ACCOUNT NUMBE S E ONLY ACCOUNT NUMBER TELEPHONE NUMBER AREA CODE ) ATION CODE 1 TRIAL R MAIL CODE ''RESOLVED that, by its President, this organization open an account with Union Bank, subject to applicable Bank rules, regulations, and by-laws; that all sterns drawn on the account shall be signed with the organization name followed by the specified number of s.gnaturvs of persons listed on the reverse hereof; that any item payable to this organization may be deposited in this account, and Bank may supply any endorsement, "That all activity in the account, as evidenced by statements received by this organization prior to the adoption of this resolution, is hereby ratified and approved. "That this authorization shall remain effective until the Bank receives certified copy of a resolution of the organization to the contrary; that all previous authorizations heretofore given with respect to said account are revoked; that the revoca- tion of this or of prevwus authorizations with respect to said account shall not affect the validity of any item signed or en- dorsed by any person or persons at the time authorized to act, and that this organization guarantees payment of any over- draft created in th a account." This is to certify that the foregoing is a true copy of a resolution duly adopted by the directors of YorbaLinda _ County. Water District org;rn,.c.i n the State J California and that resolution u n full tens arj 'ffc•ct. DAT tiD~(.22~-7~_. 19 7 _ ~•iSEAL Nr r~ SECRETARY The depositor hereby opens this account with Union Bank and agrees that it shall be governed by applicable rules, regulations, and by laws of the Bank now existing or hereafter adopted. Receipt of a copy of rules and regulations applicable / to this account is hereby acknowledged. r oF..Board-of _ Directors ..-Ynr.ba_linda Cou tv PRESIDENT Water District 300 301 305 ACCOUNT TITLE STATE ZIP CODE 13USINE:SS TELEPHONE NO. S.S./TAX I.D. NUMBER AREA CODE f UNION BANK Com IAL. ACCOUNT ] SAVINGS ACCOUNT _YORBA LINDA COUNTY WATER DISTRICT ACCOUNT NAME 1u BE t n L-E-D IN BY BANK) CORPORATION L) A£SOCIATION ❑ SOCIETY CD#20R5 ul~i•~nrl~; I_.n.rl - - - 2 NUMBER OF SIGNATURES REQUIRED _ NAME MUST BE LEGIBLE. I SIGNATURE I OFFICIAL TITLE M Roy Kna -7r President whit Cromwell sh~ C/ - Director - --Arthur C. Korn Director - - -Howard W. Lindow !Z4 c n z4~ Vice President- Fred G. Cl odt z~_ - Director INTRODUCED Fly 'OPENED BY I DATE CL.OSEO REASON NA-31 (REV. 8/771 OPENING DEPOSIT (`1 aoscitory File 4 , - • 3s.lfer File 4 nt of Depository File # jitor t~ A.N V CONTRACT FOR DEPOSIT OF MONEYS 1s'y THIS CONTRACT, relating to the deposit of moneys, made as of the 12th day of Februarv 19 79, A,een Ms. Betty Emblidge __(hereinafter designated "Treasurer") acting in his official capacity Auditor ("Treasurer,."'Finance Director," etc.) reinafter designated "Depositor"), anri of Yorba Linda County Water District Union Bank (hereinafter designated "Depository"), ink; a paid-up capital and surplus of one hundred eighty six million WITNESSETH: nollars 186. 000.000.0)Q WHEREAS, the Treasurer proposes to deposit in the Depository from time to time, commencing on February 12 19 79, :ys in his custody in an aggregate amount on deposit at any one time not to exceed ---------legal limit ars (q - - - - - - - - - - or the total of the paid-up capital and surplus of the Depository, whichever is the lesser amount, and said moneys t;aa deposited subject to Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code of the State of f:)rnia; and WHEREAS, said provisions of the Government Code require the Treasurer to enter into a contract with the Depository setting forth the conditions rohich said moneys are deposited; and 11•HEREAS, in the judgment of the Treasurer, this contract is to the public advantage; NOW, THEREFORE, it is agreed between the parties hereto as follows: This contract cancels and supersedes any previous contracts between the Treasurer and the Depository relating to the method of handling and teralization of deposits of moneys. 2. This contract, but not deposits then held hereunder, shall be subject to termination by the Treasurer or the Depository at any time upon 30 days' ter notice. Deposits may be withdrawn in accordance with the agreement of the parties and applicable federal and state statutes, rules and regula- r. Tnis contract is subject to modification or termination upon enactment of any statute, rule or regulation, state or federal, which, in the opinion of Administrator of Local Agency Security, is inconsistent herewith, including any change relative to the payment of interest upon moneys so deposited I Treasurer. :i. Interest shall accrue on any moneys so deposited as permitted by any act of the Congress of the United States or by any rule or regulation of department or agency of the Federal Government adopted pursuant thereto. If interest may legally be paid, all moneys deposited in accordance with ..ntract shall bear interest at a rate agreed upon by the Treasurer and the Depository, but not less than 1/2 of 1% per annum on the average daily rice of such moneys kept on deposit with the Depository. 4. The Depository shall issue to the Treasurer at the time of each inactive deposit a receipt on a form agreed to by the Depository and the firer, stating the interest to be paid, if 2ny, the duration of the deposit, the frequency of interest payments, and the terms of withdrawal. Each such _)sit receipt is by reference made a part of this contract. As security for said deposit, the Depository shall at all times maintain with the Agent of Depository named herein, commencing forthwith, r:ihbe. securities having a market value at least 10% in excess of the actual total amount of local agency moneys on deposit with the Depository. If any ~~Ia security is determined by the Administrator of Local Agency Security of the State of California in accordance with Government Code Section to be not qualified to secure public deposits, additional security shall be substituted immediately by the Depository, as necessary, to comply with requirements of this Paragraph. I~~a♦ lANKER'S Al EOCIATIO. E . - 1O (9 ]0) 6. Eligible securities are those listed rnment Code Section 53651. • 7. The Agent of Depository, authorized by the Treasurer and the Depository to hold the elgibile securities posted as collateral under this contract, _.Union Bank Trust n 1)artn Pnt d Agent of Depository has filed with the Administrator of Local Agency Security of the State of California an agreement to comply in all respects the provisions of Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code. A copy of this agreement ,tteched hereto. 8. Authority for placement of securities for safekeeping in accordance with Government Code Section 53659 is hereby granted to the Agent of pository, including placement with any Federal Reserve Banks or branches thereof, and the following banks, other than the Depository, located in e designated as reserve cities by the Board of Governors of the Federal Reserve System: Morgan Guaranty, New York Manufacturers Hanover, New York Union Bank Trust, Los Angeles rf. If the Depository fails to pay all or part of any deposits of the Treasurer which are subject to this contract when ordered to do so in accordance 0i `ne terms of withdrawal set forth on the deposit receipt (which is by reference made a part hereof), the Treasurer will immediately notify, in writing, Administrator of Local Agency Security. Action of the Administrator in converting the collateral required by Paragraph 5 above for the benefit of the asurer is governed by Government Code Section 53665. 10. The Depository may add, substitute or withdraw eligible securities being used as security for deposits made hereunder in accordance with vclrnment Code Section 53654, provided the requirements of Paragraph 5 above are met. 11. The Depository shall have and hereby reserves the right to collect the interest on the securities, except in cases where the securities are liable e or are sold or converted in accordance with the provisions of Government Code Section 53665. 12. The Depository shall bear and pay the expenses of transportation to and from the Treasurer's office of moneys so deposited and the expense of n:;portation of eligible securities maintained as collateral to and from the designated Agent of Depository. The Depository shall also handle, colle J p,:ry all checks, drafts and other exchange without cost to Depositor. 13. This contract, the parties hereto, and all deposits governed by this contract shall be subject in all respects to Title 5, Division 2, Part <:I:,ter 4, Article 2 (commencing with Section 53630) of the Government Code, and of all other state and federal laws, statutes, rules and ro, l ,t hrable to such deposits, whether now in force or hereafter enacted or promulgated, all of which are by this reference made a part here,,! IN WITNESS WHEREOF, the Treasurer in his official capacity has si[rned this contract in duplicate and the Depository has caused this contract to I e4ecuted in like number by its duly authorized officers. EA;URER: ._YDrba Linda Coul_ty__yater District ,9etty Emb1 dge, Auditor K) Q Na ;F T fv0......................... P ; "N71-17) TO Br). of DIK1. ! bV. , . ! t IJ 197Q DEPOSITORY: A Un461"ank ~r No 1 G. 1.e May,-Vice ?resident By Sandra D. Morgan, Asst. Vice President APPROVED BY THt 14061" ~f pi- tors of thF [CORPORATE SEAL] .c,hment] ls, NEW-A(_(_I !iN I 300 uMUE1< TITLE CllAf4GE 301 REOPEN ACCOUNT 305 ACCOUNT TITLE 3) - - 4 - ~,TR Lf.T AOD1lI SS IC I T V TYPE OF dUSIlsES`, A`;SOCIA'TION BANK REFERENCL dNAML Af)DHE SS) - - STATE ZIP CODE Il U 51 N E S S T LLE PH ONE NO 5.5./T AX ED. NUMBER AREA COOL A, COUNT NUMBER SEND STATEMENT TO (NAME/ADDRESS) TELEPHONE NUMBER AREACODE OW NE. HSFf IP ACCT'. Mli NO. 2NO ACCT. MGH. CYCLE CODE LOCATION COOE INDUSTRIAL d A OFPSE':I ACCOUNT NUMBER MAIL CODE K ST ATEMI-Nt TYP1. SLRVICE.CN AR GU U 5 E. ONLY "RES01-1ED thet, by !s President, th,s cnyan,ration open an account with Union Bank, suLpxt to applicable Bank rules, regulations, and l l l i-, tha! all ,torn, ,drawn . n the acun.utt -.hall he ,lgrntil with the organization name followed by the specified numher of ~•~.,I,., es If JA!rsons L•,IrJ -I the reverse herc,f, that any item payable to this organization may be dcpusacd ,n this a,., .,r ! anJ itanl, may suPl+~. any cndnrseownt, "That a l l n the a.count, as e l l drn~c,1 by stalcm Cnfs roc-vd by this orgarnzahon prior to the adoption of this resodut,on, n here!') r it lw.d and approvcJ, That If, • a•..f r~•., :nf-, -,hall rcma~n effc,!no until the Brnk rr. --f•, cerhf,ed copy of A resolution cf the crgan ration to the contra,) that ell {ors ou» .nrthur~zahun•, heretofore g,v,n e in ,e .;r-I to said aceuuf;t are revuked, that the revoca- 1 n of th e .,r of I,re. ourh ,nzal..-s w,Ih ,-.1 e<1 to ac-unt -.hail r,u,t affect the vah, ity of any item signed or en- u l h. an, tic n 1, { o, ns a! dire time auth.,, ,zed to act, an,! -hat tins organization •{uarantees payment of any over- .lralt crrah•,1 ur ihn o,r„u,r . lies Is to "ll-ly that the '„rego,ng is a true cot~y of a resolution duly adopted by the ~.I"COurs of Yorba- Linda County-_Water District organ z, I n the '~t.rte ,.f California and that resolution n in f-i fl-ILO anJ c•ffo,t 2/22/74 - fnr~' SECRETARY The depus,tor hercl,y I-erns this ac,(o-)T with Union 13a••k and ag,ees that it sf,all :;e go.erned by applicable rules, , cgulahons, and by -Ia.% of the Eiank now e+ sting or hereaflef adopted. Receipt of a copy of rules and regulations applicable to th,s account ,s hen•hy aclr.-wlc•dged, Board_.of. Directors ---Yor-ba-.Ljnd&-Cnunty PRE ~i:`[^Il Water District C UNION BANK l OUNT N," __5__ _ 1 COMMERCIAL ACCOUNT SAVINGS ACCOUNT 0I'E'+INC3 [!AT[ YORBA LINDA COUNTY WATER DISTRICT ACCOUNT NAME (TO BE FILLED BY BANK) A CORPORATION Ait OG1 ATION n SOCIETY NUMBER OP SIGNATURES REQUIRED NAME IMUST BE L.EGIBLE• S!GNATL'HI- I OFf-ICIAL_ TITLE M Roy Knauft Jr "~7 President_ Whit Cromwell /~fj~~ •<<~~L Director _ _Arthur C. _Korn y Director Howard W. Li ndow f~`''Zc' ntt~ l(~ c4.rCi2~ _ Vice President Fred G. Clodt Director _ Betty Emblidge Auditor- INTRODUCED BY - DATE CLOSED NA 31 IREV. 61771 OPENED BY REASON OPENING DEPOSIT