HomeMy WebLinkAbout1989-03-09 - Resolution No. 89-04•
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RESOLUTION NO. 89-4
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
AUTHORIZING INDIVIDUALS TO SIGN ON DISTRICT CHECKS AND
TRANSFER FUNDS VIA THE FEDERAL WIRE SYSTEM
WHEREAS, the District's checking account requires two signatures, one staff
member and co-signed by one member of the Board of Directors;
and,
WHEREAS, the District has acquired an automated check signing machine with
a signature plate made of metal and imprinted with the names of
Sterling Fox, President of the Board, and William J. Robertson,
Assistant General Manager; and,
WHEREAS, transfer of funds made through the wire system are not authorized
by signature, but are made by telephone for the purpose of paying
certain debts and making investments; and,
WHEREAS, financial institutions require that those persons authorized to sign
District checks and transfer funds via the Federal wire system 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 may establish in its name one or more deposit accounts
with the 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 the signature plate bearing the names of Sterling Fox,
President of the Board, and William J. Robertson, Assistant General Manager, and
the accompanying maceration of the checks by the automated check signing
machine, be the only signatures authorized to sign checks on District accounts.
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Be it further resolved that Cheryl E. Gunderson, Business Manager, and William J.
Robertson, Assistant General Manager, are hereby authorized, as the designated
representatives of the General Manager, to perform the Treasurer's function and to
transfer District funds via the Federal wire system.
PASSED AND ADOPTED this ninth day of March, 1989 by the following called vote:
Ayes: Paul Armstrong, Whit Cromwell, Sterling Fox, Roy Knauft, Arthur C. Korn
Noes:
Absent:
Abstain:
President
Yorba Linda Water District
Attest:
k4s~yn r
Secretary
Yorba Linda Water D
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