HomeMy WebLinkAbout1992-06-25 - Resolution No. 92-16RESOLUTION NO. 92-16
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,
AND RESCINDING RESOLUTION NO. 91-33
WHEREAS, The Yorba Linda Water District (District) checking account requires two
signatures; and
WHEREAS, the transfer of funds through the Federal 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; and,
WHEREAS, for District payables other than payroll, the District has an automated
check signing machine with signature plates made of metal and
imprinted with the name of one Board of Directors member and co-
signed by the Auditor of the District; and,
WHEREAS, for payroll checks, the District has an automated check signing machine
with signature plates made of metal and imprinted with the name of the
General Manager/Secretary and co-signed by the Auditor of the District.
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba
Linda Water District as follows:
Section 1. 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, or accounts.
Section 2. That any one of the following five are authorized to the first signers on the
Wire Instructions form: Paul R. Armstrong, Sterling L. Fox, M. Roy
Knauft, Jr., Arthur C. Korn or Carl T. Scanlin. And that Beverly Meza,
Auditor, is authorized to be co-signer. These are the only signatures
authorized to appear on the signature plate used to sign accounts payable
checks on the District accounts.
Section 3. That William J. Robertson, General Manager/Secretary and Beverly Meza,
Auditor, are the only signatures authorized to appear on the signature
facsimile plate used to sign payroll checks on the District accounts.
Section 4. That Beverly Meza, Auditor, is hereby authorized, as the designated
representative of the District, to transfer District funds via the Federal wire
system.
Section 5. That Resolution No. 91-33, and all conflicting minute orders, are hereby
rescinded.
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PASSED AND ADOPTED this 25th day of June, 1992, by the following called vote:
AYES: 3 - Arthur C. Korn, M. Roy Knauft, Jr., Carl Scanlin
NOES: 0
ABSENT.2 - Paul Armstrong,Sterling Fox
ABSTAIN: 0
Presiding Officer, Arthupt. Korn
Yorba Linda Water District
ATTEST
Se&Etary, William J. Robertson
Yorba Linda Water District