HomeMy WebLinkAbout1993-02-11 - Resolution No. 93-020 •
RESOLUTION NO. 93-02
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 92-16
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 Director 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 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
are hereby authorized, to establish such an account, or accounts.
Section 2: That any one of the following five are authorized to be the first signers on
accounts payable check:s Sterling L. Fox, Carl T. Scanlin, Paul R. Armstrong,
Michael J. Beverage, or Arthur C. Korn. And that Beverly Meza, Auditor, is
authorized to be the co-signer. These are the only signatures authorized to appear
on the signature facsimile plate used to sign accounts payable checks on the
District accounts.
Section 3: That the 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. 92-16, and all the conflicting minute orders, are hereby
rescinded.
PASSED AND ADOPTED this 11th day of February, 1993 by the following called vote:
AYES:5 - Sterling Fox, Carl Scanlin, Paul Armstrong, Michael Beverage
NOES: 0 and Arthur Korn
ABSENT: 0
ABSTAIN 0
President, Sterling L. Fox
Yorba Linda Water District
ATTEST:
" 1~r
Sebfetary'. William J. -Robertson
Yorba Linda Water District