HomeMy WebLinkAbout1985-01-24 - Resolution No. 85-020
RESOLUTION NO. 85-02
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA
COUNTY WATER DISTRICT AUTHORIZING AN INVESTMENT ACCOUNT
OPENED WITH WORLD SAVINGS & LOAN ASSOCIATION
RESOLVED that this organization open an account with WORLD SAVINGS &
LOAN ASSOCIATION
subject to applicable rules, regulations and by-laws; that
all items drawn on the account shall be signed with the District
name followed by the Board authorized signature.
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 World
Savings & Loan Association receives a certified copy of a
resolution 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 validity
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.
Passed and adopted this 24th day of January 1985 by the
following called vote:
Ayes: Directors Paul Armstrong, Whit Cromwell, Howard Lindow
Noes: None William R. Mills,Jr., M. Roy Knauft,Jr.
Absent: None
Abstain: None
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ATTEST:
5e etary