HomeMy WebLinkAbout1985-02-14 - Resolution No. 85-040 0
RESOLUTION NO. 85-04
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA
COUNTY WATER DISTRICT AUTHORIZING AN INVESTMENT ACCOUNT
OPENED WITH GLENDALE FEDERAL SAVINGS & LOAN ASSOCIATION
RESOLVED that this organization open an account with Glendale Federal
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 Glendale
Federal Savings & Loan Association receives a 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 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 14th day of February, 1985 by the following
called vote:
Ayes: Directors: Paul Armstrong, Whit Cromwell, M. Roy Knauft, Jr.
Noes: None Howard Lindow, William R. Mills, Jr.
Absent: None
Abstain: None
President r
ATTEST?
AIX
Secreta,61