HomeMy WebLinkAbout1985-07-11 - Resolution No. 85-19• •
RESOLUTION NO. 85- 19
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA
COUNTY WATER DISTICT AUTHORIZING AN INVESTMENT ACCOUNT
OPENED WITH SECURITY PACIFIC NATIONAL BANK
RESOLVED that this organization approve an account with Security Pacific
National Bank 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 Security
Pacific National 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 11th day of July, 1985 by the following called vote:
Ayes: Whit Cromwell, Howard W. Lindow, M. Roy Knauft, Jr.
William R. Mills, Jr.
Noes : None
Absent: Paul R. Armstrong
Abstain: None
President
ATTEST:
//JVW'9/
Secrytary /