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HomeMy WebLinkAbout1987-08-20 - Resolution No. 87-27• • RESOLUT ION NO. 87- 27 RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA WATER DISTRICT DESIGNATING PERSONNEL AUTHORIZED TO SIGN CHECKS DRAWN ON THE DISTRICT REGULAR ACCOUNT WHEREAS, the District's routine checking account requires two signatures - one staff member and co-signed by one member of the Board of Directors; and, WHEREAS, the District desires two member of the staff be authorized to sign regular District checks, and, WHEREAS, the impending retirement of the District Office Manager necessitates the authorization of another staff member; and, WHEREAS, financial institutions require that those persons authorized to sign District checks be designated by a resolution of the Board of Directors, NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Yorba Linda Water District that the District establish in it's name one or more deposit accounts with Bank of Yorba Linda upon such terms and conditions as may be agreed upon with said bank, and that the President of the Board of Directors and Secretary of the District be and they are hereby authorized to establish such an account. BE IT FURTHER RESOLVED that Author C. Korn, Assistant General Manager, or William J. Robertson, Executive Assistant to the General Manager, and Whit Cromwell, Director, or Paul R. Armstrong, Director, or M. Roy Knauft, Jr., Director, or Sterling L. Fox, Director of the District be, and they are hereby authorized to draw checks on said regular checking accounts of the District, signed as provided herein with signatures duly certified to said bank by the Secretary of the District, and said bank is hereby authorized to honor and pay any and all checks so signed, including those drawn to the individual order of any officer of other person authorized to sign the same. • PASSED AND ADOPTED this by the following called vote: 0 20 th day of August , 1987 AYES:Directors Paul Armstrong, M.Roy Knauft,Jr., William R. Mills,Jr., Whit Cromwell NOES: None ABSENT: Sterling Fox ABSTAIN None President Yorba Linda Water District ATTEST: Se retaryj Yorba Linda Water District