HomeMy WebLinkAboutResolution No. 0843 . 3'4`4
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
DESIGNATING CERTAIN BANKS AS DEPOSITORIES 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. 422.
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS:
SECTION 1. The Security First National Bank, Downey, the Golden State
Bank, Downey, the Bank of America, Downey, the Community Bank, Downey and
the Capital National Bank of Compton, Downey, are hereby authorized and
designated as adpositories of City funds.
Said banks, as designated depositories of the City of downey, hereby
are 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 onall its accounts when the same are drawn in accordance with the
provision of Part 1, Chapter 5, Article 2 of the Downey Municipal Code.
SECTION 2. The Security First National Bank of Los Angeles, Downey,
The Golden State Bank, Downey, the Bank of America, Downey, the Community Bank
Downey, and the Capital National Bank of Compton, 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 or 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 Resolution No. 422 is hereby rescinded.
SECTION 5. The City Clerk shall certify the adoption of this Resolution.
APPROVED AND ADOPTED this
day of
A TEST: �� Na .r
City Clerk
I. Hereby C tify that the foregoing resolution was duly adopted by the
City Council of tl e City of Downey at a regular meeting thereof held on, the
dayof ,1961, by the following vote of the .- -pounc ' 1:
AYES: Councilmen:�� �` ' � i� �� ,Z �,� � y,
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NOES: Councilmen:
ABSENT: Councilmen:
City Clerk /f