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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 ~,~) '-:- .: ~/" J - ~ - - - ';1.--'~ <- L " f'..'# Le' 't.-C "-- I Homer L. Roesener/i Mayor ATTE.5T: / Elis City