HomeMy WebLinkAbout1991-12-26 - Resolution No. 91-33M
RESOLUTION NO. 91-33
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, 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 any one of the following five be the first signers
on the account: M. Roy Knauft, Jr., Paul Armstrong, Sterling Fox, Arthur C. Korn
or Carl Scanlin, and that Beverly Meza, Assistant Auditor, be the co-signer.
These are the only signatures authorized to sign checks on District accounts.
Be it further resolved that Beverly Meza, Assistant Auditor, is hereby
authorized, as the designated representative of the General Manager, to
transfer District funds via the Federal wire system.
This resolution becomes effective the first day of January, 1992 and hereby
rescinds Resolution No. 91-05.
4ft
4%,
PASSED AND ADOPTED this twenty-sixth day of December, 1991 by the
following called vote:
5-
Ayes: M. Roy Knauft, Jr., Paul Armstrong, Arthur Korn, Sterling Fox,
Noes: o and Carl Scanlin
Absent: o
Abstain: o
President
Yorba Linda Water District
Yorba Linda Water District
Attest: