HomeMy WebLinkAboutResolution-1975-0397
Introduced by Alderman
Donaldson
RESOLUTION NO.
397
Series of 1975
WHEREAS, the City of Wheat Ridge is to receive revenue from
various sources into the City's General Fund, and
WHEREAS, it is desirable to earn a high rate of interest on
City funds;
NOW, THEREFORE, BE IT RESOLVED that the City Treasurer be
authorized to establish in the name of the City of Wheat Ridge a savings
account at the Wheat Ridge National Bank, Wheat Ridge, Colorado.
BE IT FURTHER RESOLVED that the City Treasurer be authorized
in the name of the City, to collect, discount, negotiate, endorse and
assign all checks, drafts, notes and other negotiable or non-negotiable
instruments payable to this City, or in which this City has an interest,
and to draw, sign and deliver, in the name of this City, checks or drafts
against the funds of this City on deposit in Wheat Ridge National Bank,
Wheat Ridge, Colorado 80033.
BE IT FURTHER RESOLVED that for the purpose of deposit in the
account or accounts of this City with Wheat Ridge National Bank, Wheat
Ridge, Colorado, any officer of this City may endorse, sign or deliver
on behalf of this City, any checks, orders or other evidence of in-
debtedness for the payment of moneys payable to the order of this City.
BE IT FURTHER RESOLVED that this authority revokes and super-
cedes all prior authority and the authority of the aforesaid officers to
perform each and all of the powers conferred by the forego'ng resolution
shall continue until notice, in writing, terminating such authority,
shall be served upon Wheat Ridge National Bank, Wheat Ridge, Colorado,
and shall be noted upon the certified copy of such resolutions delivered
to said bank.
vote of
DONE AND RESOLVED this
6 to 0
29th day of May, A.D., 1975 by a
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Homer L. Roesener/i
Mayor
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Elis
City