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HomeMy WebLinkAboutRes - 1991. 4 - Transfer of Deposited Funds mil! &52) no RESOLUTION 1991.4 `1611ey_ FUNDS TRANSFER RESOLUTIONS `Bank, (Corporation) • WHEREAS, it is, in the best interest of East Valley Water District (the "Corporation") to arrange for the transfer of deposited funds of the Corporation other than by check or draft;and WHEREAS,Chino Valley Bank(Bank")provides wire transfer and comparable funds transfer services. RESOLVED,that the Bank is hereby requested to honor,execute and process this Corporation's telephonic,telegraphic,written or oral requests for the transfer of funds from the account(s)of this Corporation at the Bank to other account(s)of the Corporation at any bank or to third parties, upon and subject to such terms and conditions as may from time to time be agreed upon between this Corporation and the Bank. FURTHER RESOLVED,that any 1 . of the following named officers Alberta M. Hess - the Auditor/Controller Robert E. Martin(Name) General Manager(Title) Sandra Shepherd (Name) the Rnard Secretary (Title) of this Corporation be and they are hereby authorized,directed and empowered for and on behalf of and in the name of this Corporation: 1. To execute agreements with the Bank providing for such funds transfers; 2. To determine from time to time who on behalf of the Corporation shall be authorized to direct the Bank to transfer the funds of the Corporation; 3. To make,execute and deliver such other agreements as may be required by Bank;and - 4. To perform or cause to be performed all further acts and execute and deliver all further instruments which Bank may deem necessary to carry out the purposes of these resolutions. RESOLVED FURTHER, that this Corporation hereby ratifies and confirms the acts of its officers, agents or employees in heretofore requesting transfers of funds from this Corporation's account(s) with the Bank by wire or comparable funds transfer together with any acts performed in relation thereto. RESOLVED FURTHER,that the Secretary of this Corporation is hereby authorized and directed to execute,acknowledge and deliver from time to time certified copies of these resolutions to the Bank and any other person or agency which may require copies of these resolutions and that the certification of the Secretary as to the signatures of the above named officers will be binding on this Corporation. RESOLVED FURTHER,that the Bank is authorized to act upon these resolutions until written notice of the revocation thereof by a resolution duly adopted by the Board of Directors of this Corporation is delivered to the Bank, such revocation in no way to affect the obligations of this Corporation to the Bank incurred pursuant to the terms of these resolutions prior to receipt by the Bank of such notice of revocation. I, Sandra Shepherd ,Secretary of the Corporation identified above,a Corporation duly organized and existing under • the laws of the State of r ,do hereby certify that the resolutions set forth above are a full,true and correct copy of certain resolutions of the board of iirneotors of the Corporation,duly and regularly passed and adopted at a meeting of the Board of Directors of the Corporation which was duly and regularly called and held on the 8th day of January , 19 91 , at which meeting a quorum of the Board of Directors of the Corporation was at all times present and acting. I further certify that Gerald Stoops , who in the Funds Transfer Signature Card has designated such persons to direct funds transfers for the Corporation, is the President of the Corporation authorized in the resolutions set forth above to make that designation. I further certify that these resolutions are still in force and effect and have not been amended or revoked and that the specimen signatures appearing on the signature card are the signatures of the persons now authorized to direct transfers of funds for this Corporation by virtue of said resolutions. IN WITNESS WHEREFOR, I have hereunto set my hand as such Secretary and affixed the Corporate Seal of said Corporation this 8th day of January ,19 91 . SEAL* (Secretary) *Corporate Seal should be affixed,but failure to affix shall not affect validity of certification or Bank's reliance.