HomeMy WebLinkAboutRDA RES 046RESOLUTION NO. 46
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY,
PALM DESERT, CALIFORNIA, APPROVING AN AGREEME T WITH
THE UNITED CALIFORNIA BANK AS TO SAVINGS ACCOU JTS.
The Palm Desert Redevelopment Agency RESOLVES AS FOLLOWS:
That the following agreement with the United California Bank for
the deposit of Regular Savings Account for the Palm Desert Redevelopment
Agency is hereby approved:
RESOLVED that any of the officers of this Agency named below are
hereby authorized to deposit the funds of this Agency with the United
California Bank and to accept from said bank, as evidence thereof, its
Regular Savings Passbook, and that all subject deposits will earn interest
at the bank's prevailing interest rate.
BE IT FURTHER RESOLVED that the Chairman or the Vice Chairman and
the Executive Director or the Treasurer of this Agency are authorized to
withdraw funds from said account solely for the purpose of transfer of the
amount withdrawn to the Agency's checking account.
BE IT FURTHER RESOLVED that the funds of the Agency deposited in
United California Bank shall be subject to the bylaws, rules, regulations and
practices of the bank in force from time to time subject to any and all service
charges now or hereafter established by said bank, checks, drafts and other
orders for and on behalf of this Agency for deposit or, if such orders, checks
or drafts are presented unendorsed for deposit to this account, said bank is
authorized to supply the required endorsement.
BE IT FURTHER RESOLVED that said officers are authorized from time
to ime to make withdrawals from the account and any checks, drafts, or other
orders issued by said bank in payment of funds on deposit therein may be
delivered by said bank to such officers or any of them as provided by Agency
Bylaws.
BE IT FURTHER RESOLVED that the authority conferred hereby shall
extend and apply to any and all existing regular savings accounts as well
as all regular savings accounts for this Agency hereafter accepted by the
United California Bank and that said bank shall have the right to change the
rate of interest with or without written notice and to limit the amount that
may be on deposit at any one time.
PASSED, APPROVED AND ADOPTED this 13th day of January, 1977, by
the following vote:
AYES: McPherson, Mullins, Newbrander, Seidler & Brush
fVOES: None
ABSEfJT: None
ABSTAIN: None
ATTEST:
. „
.,,B ;'Executive Director
I CERTIFY that the foregoing is a full, true and correct copy
of the Resolution duly adopted by the Palm Desert Redevelopment Agency at the
meeting of said Agency legally and regularly held on the 13th day of January,
1977, a quorum being present and acting, and that said Resolution has not been
amended or rescinded, and is now in full force and effect and that the signa-
tures of the persons appearing below are the signatures of the officers author-
ized by said Resolution to sign for and on behalf
OFFICER
Chairman
Vice Chairman
Executive Director
7reasurer
IdAME
Noel J. Brush
Edward D. Mullins
Martin J. Bouman
Paul E. Byers
In WITNESS f�EREOF, I have hereunto set my hand and seal of the said
Agency on the 13th day of January, 1977.
^ � .
,.
Secretary