HomeMy WebLinkAboutRES 1988-16 - Board RESOLUTION NO. 8816
OF THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
AUTHORIZING WIRE TRANSFERS
WHEREAS, it is in the best interest of the Truckee Donner Public Utility
District to arrange f-or the transfer of deposited funds of the District
other than by check or draft; and
WHEREAS, Truckee River Bank (Bank) provides wire transfer and comparable
transfer services;
NOW, THEREFORE, BF IT RESOLVED by the Board of Directors of the Truckee
Donner Public Utility District as follows:
1. That the Bank is hereby requested to honor, execute and
process this District's telephonic, telegraphic, written or
oral requests for the transfer of funds from the accounts of
this District at the Bank and to other accounts of this
District 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 the District and the Bank.
2. That any one of the following named officers or employees of
the District
Peter L. Aolzmeister, General Manager
Paul Colburn, Finance Supervisor
Susan M. Craig, Deputy District Clerk
be and they are hereby authorized, directed and empowered for and
on behalf of and in the name of the District_
a) To execute agreements with the Bank providing for such
funds transfers and to make and verify requests for such
transfers, and the Rank shall be entitled to honor and
charge this District for all such requests , when given or
purported to be given by any one of the above.
b) To make, execute and deliver such other agreements as may
be required by the Bank; and
c) 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 this
resolution.
3. That this District hereby ratifies and confirms the acts of
�..� its officers , agents or employees in heretofore requesting
transfers of funds from this District's accounts with the
Bank by wire or comparable transfer together with any acts
Performed in relation hereto.
4. That the Secretary of this District is hereby authorized and
directed to execute, acknowledge and deliver a certified copy
of this resolution to the Bank and any other person or agency
which may require copies of this resolution and that the
certification of the Secretary as to the signatures of the
above named officers will be binding on this District.
5. That the Bank is authorized to act upon this resolution until
written notice of the revocation thereof by a resolution duly
adopted by the Board of Directors of this District is
delivered to the Bank, such revocation in no way to affect
the obligations of this District to the Bank incurred
pursuant to the terms of this resolution prior to receipt by
the Bank of such notice or revocation.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public
Utility District at a meeting duly called and held within said District on
the 6th day of June, 1988, by the following roll call vote:
AYES: Aguera, Maass and Corbett.
L
NOES: White.
ABSTAIN: Sutton.
TRUCKEE DONNRR PUBLIC UTILITY DISTRICT
-�. 1eti-t*k7)
By
J L. Corbett , President
ATTEST,
Susan M. Craig , Deputy Distr t Clerk
smc/d2a.83