HomeMy WebLinkAbout1985-03-14 - Resolution No. 85-07•
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RESOLUTION NO. 8 5 - 0 7
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA
COUNTY WATER ;DISTRICT AUTHORIZING AN I11VESTMENT ACCOUNT
u' ;'I'-ED WITH SEARS SAVINGS BANK
RESOLVED that this organization open an account with Sears Savings Bank
subject to applicable rules, rcr;ulations 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 Sears Savings
Bank 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 March, 1985 by the following called vote:
Ayes: Directors Armstrong, Cromwell, Lindow, Mills and Knauft
Noes: None
Absent: None
Abstain: None
President
ATTEST:
?cretary/