HomeMy WebLinkAboutRDA RES 044RESOLUTION NO. 44
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
AMENDING RESOLUTION N0. 16, DESIGNATING THE PALM
DESERT BRANCH OF THE UNITED CALIFORNIA BANK AS DEPOSI-
TORY FOR AGENCY FUNDS.
WHEREAS, it is desirable that the Palm Desert Redevelopment Agency have
an interest bearing account for the deposit of temporarily idle cash.
NOW, THEREFORE, BE IT RESOLVED by the Palm Desert Redevelopment Agency
that Resolution No. 16, passed, approved, and adopted on the 23rd day of
October, 1975, be amended to read as follows: "Now, therefore, be it resolved
that the Treasurer is hereby authorized and directed to establish a checking
account and a passbook savings account in the Palm Desert Branch of the United
California Bank and that deposits therein and withdrawals therefrom be in
accordance with the provisions of Article II, Section 5 of the Bylaws of the
Agency as adopted by Resolution No. 39, adopted the 29th day of June, 1976,
provided that, withdrawals from the passbook savings account shall be limited
solely to the transfer of like amount to the Agency's checking account."
PASSED, APPROVED, and ADOPTED this 23rd day of December, 1976, by the
following vote:
AYES: McPherson, Mullins, Newbrander, Seidler & Brush
NOES: None
ABSENT: None
ABSTAIN: None