HomeMy WebLinkAbout1985-10-10 - Resolution No. 85-314 0
RESOLUTION NO. 85-31
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA
COUNTY WATER DISTRICT AUTHORIZING AN INVESTMENT ACCOUNT
OPENED WITH CONSOLIDATED SAVINGS BANK
RESOLVED that this organization approve an account with Consolidated
Savings 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 Consolidated
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 over-
draft created in this account.
Passed and adopted this 10th day of October, 1985 by the following called
vote:
Ayes: Directors Whit Cromwell, Howard Lindow, William R. Mills, Jr.,
M. Roy Knauft, Jr.
Noes: None
Absent: Paul Armstrong
Abstain: None
President
ATTEST:
S retaryi