HomeMy WebLinkAboutResolution No. 121 •
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RESOLUTION NO 121
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY DESIGNATING THE SECURITY-FIRST
NATIONAL BANK OF LOS ANGELES, DOWNEY BRANCH,
AS A DEPOSITARY OF CITY FUNDS, AUTHORIZING AND
DIRECTING THE SAID BANK TO HONOR ALL CHECKS,
•--.7 DRAFTS AND WARRANTS WHEN SAID SIGNATURES OF
CITY OFFICIALS'.
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THE CITY COUNCIL OF THE CITY OF DOWNEY RESOLVES AS FOLLOWS: 1
SECTION 1. The Security-First National Bank of Los Angeles, Downey I
Branch, hereby is designated as a depositary of city fun.ds•
SECTION Z. Said bank as a designated depositary of the City of Downey
ba and it hereby is requested, authorized and directed to honor all checks,
drafts, warrants or other orders for the payment of money drawn in the name
of the. City of Downey on all its accounts when hearing, or purported to bear,
the manual signatures of City Treasurer ,Della D oyle , and the manual signature
of the Director of Finance, LeRoy A. Starkey, said authority in conformance
with the Downey Municipal Code.
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SECTION 3. Said Rank, including its correspondent banks , shall be entitled
to honor and to charge this City for all such checks, warrants, drafts or other
grders for the payment of money, regardless of by whom or by what means the
actual or purported signatures thereon. may have been affixed thereto, signature
or signatures resemble the facsimile specimens from time to time with said
Bank of theCity Clerk of the City of Downey.
• 1 SECTION 4. The Mayor, City Treasurer, and Director of Finance are
directed to execute such. agreements as may be necessary to effectuate the pro-
visions of this resolution.
SECTION 5. The City Clerk shall certify to the adoption of this resolution.
APPROVED AND ADOPTED this 8th day of July, 1957.
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• Mayor
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City Clerk
I hereby certify that the foregoing resolution, was duly adopted by the City
Council of the City of Downey at a regular meeting thereof held on the 8th day
of July, 1957, by the following vote of the Council
7 / ,
.5 Councilmen: 4 ) 1 / 7 , /. ,
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0 NOES: Councilmen:
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) ABSENT: Councilmen:
, , i - 1
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