HomeMy WebLinkAboutResolution No. 213 274
RESOLUTION NO. 213
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY DESIGNATING CERTAIN BANKS AS DE-
POSITORIES OF CITY FUNDS, AUTHORIZING SAID
BANKS TO HONOR CHECKS, DRAFTS, WARRANTS, AND
WITHDRAWALS WHEN BEARING THE SIGNATURES OR
FACSIMILE SIGNATURES OF CITY OFFICIALS, AND
RESCINDING RESOLUTION NO. 41.
THE CITY COUNCIL OF THE CITY • OF DOWNEY DOES RESOLVE AS FOLLOWS:
SECTION 1. The Security First National Bank of Los Angeles, Downey
Branch, hereby is designated as depository of city funds.
Said Bank, as a designated depository of the City of Downey, 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 the same are drawn in accordance with the provisions of
Chapter 5 of Article 2 of the Downey Municipal Code.
SECTION 2. The Security First National Bank of Los Angeles, Downey
Branch; the Golden State Bank, Downey Branch; the Bank of America, Downey Branch;
and the Community Bank of Downey are hereby designated as depositories of city
funds for the deposit of funds in time deposits.
Withdrawals from said deposits may be made by a withdrawal slip
bearing the manual signatures of the Director of Finance, Mayor or Mayor Pro-
Tempore, and the City Treasurer.
SECTION 3. The Mayor, City Treasurer, and the Director of Finance
are directed and authorized to execute such agreements as may be necessary to
effect the provisions of this Resolution.
SECTION 4. Resolution No. 41 hereby is rescinded.
resolution
SECTION 5. The City lerk shall certify to the ad option of this
C fy
APPROVED AND ADOPTED THIS 71. DAY OF 1958.
Mayor
ATTE'T;
11
Cit Clerk
Della Doyle, City Clerk of the City of Downey, hereby certify that
the foregoing resolution was duly adopted by the City Council al the City of
Downey at a regular meeting thereof held on the ,e77; day
1958 by by the following vote of the Council; to wit:
AS
d 1.
Councilmen / r ;,--
o NOES: Councilmen:
••••‘ 0 ABSENT: Councilmen: n\
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