HomeMy WebLinkAboutResolution No. 041 42
RESOLUTION NO. 41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DOWNEY DESIGNATING THE . SECURITY-FIRST NATIONAL
BANK OF .LAS ANGELES, DOWNEY BRANCH, AS A. DEPOSIT-
, ARY.. OF . CITY FUNDS, AUTHORIZING AND DIRECTING THE
SAID BANK. TO HONOR ALL CHECKS, DRAFTS AND WARRANTS
WHEN BEARING SAID SIGNATURES AND FACSIMILIE SIG-
NATURES OF CITY OFFICT4TtiS.
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLDS:
SECTION 1. The Security- Furst National Bank of Los Angeles, Downey
Branch, hereby is designated as a depositary of city funds. ..
SECTION 2. Said bank as a designated depositary of the City of Dow-
ney be and it hereby is requested, authorized and directed to honor all checks,
drafts, warrants or other orders for the payment of money drama in the name of
the City of Downey mall its accounts when bearing, . or purported to bear, the
facsimile signature of the Mayor James L. Stamps, or the Mayor Pro Tempore Hollis
M, Peavey, plus the facsimile signature .. of the City Treasurer Rudolph Wehking,
plus a manual signature of the City Clerk Della Doyle, or the Deputy City Clerk.
SECTION 3. Said Bank, including its correspondent banks, shall be
entitled to honor and to charge this City for all such checks, warrants, drafts
or other orders for the payment of money, regardless of by whom or by what means
the actual or purported facsimile signature or signatures thereon may have been
affixed thereto, if such facsimile signature or signatures resemble the facsimile
specimens from time to time filed with said Bank by the City Clerk of the City
of Downey.
SECTION 4. The Mayor, the City Clerk and City Treasurer are directed
to execute such agreements as maybe necessary to effectuate the provisions of
this resolution.
SECTION 5, The City Clerk shall certify to the adoption of this re-
solution.
APPROVED AND ADOPTED this 2 2 day of , 1957.
i
Mayor
ATEST:
•
City Cler
I hereby certify that the foregoing resolution was duly adopted by
the City Council. f he City of Downey at a regular meeting thereof held on the
r--� l day of , 1957, by the following vote of the Council:
,b Councilmen: G
D NOES: Councilmen:
0
ABSENT: : Councilmen:
7 - d1.66-_
A
City Clerk