HomeMy WebLinkAboutResolution-1972-0201
Introduced by Alderman Joseph Donaldson
RESOLUTION NO. 201
Series of 1972
WHEREAS, The City of Wheat Ridge is to receive revenue under
the State and Local Fiscal Assistance Act of 1972, and
WHEREAS, the StatB and Local Fiscal Assistance Act requires
all entitlement funds to be deposited in a separate bank account or
Trust Fund account;
NOW, THEREFORE, BE IT RESOLVED that the City Treasurer be
authorized to establish in the name of the City of Wheat Ridge a
separate banking account and savings account at the Wheat Ridge National
Bank, Wheat Ridge, Colorado.
BE IT FURTHER RESOLVED, that the City Treasurer be authorized,
in thB name of the City, to collect, discount, negotiate, endorse and
assign all checks, drafts, notes and other negotiable or non-negotiablB
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 indebtednBss
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 Bach and all of the powers conferred by the foregoing resolution
shall continue until notice, in writing, terminating such authority,
shall be sBrved upon Wheat Ridge National Bank, Wheat Ridge, Colorado,
and shall be noted upon the certified copy of such resolutions delivered
to said Bank.
DONE AND RESOLVED this l4th day of December, A. D. 1972 by a
vote of ~ to 0 .
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Louise F. urner City CIBrk