HomeMy WebLinkAboutRES 1990-16 - Board RESOLUTION NO. 9016
OF THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
AUTHORIZING WIRE TRANSFERS.
DESIGNATING EMPLOYEES TO ACT ON BEHALF OF DISTRICT
AND RESCINDING RESOLUTION NO. 8816
WHEREAS, it is in the best interest of the Truckee Donner Public
Utility District to arrange for the transfer of deposited funds of
the District other than by check or draft; and
WHEREAS, Truckee River Bank provides wire transfer and comparable
transfer services;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Truckee Donner Public Utility District as follows:
1. That the Truckee River Bank is hereby requested to honor,
execute and process this District's telephonic,
telegraphic, written or oral requests for the transfer of
funds between the accounts of this District at the
Truckee River Bank and the Local Agency Investment Fund,
subject to such terms and conditions as may from time to
time be agreed upon by the District.
2 . That any one of the following named officers or employees
of the District
a) Peter L. Holzmeister, General Manager,
b) Mary Chapman, Office Manager,
c) James A. Maass, President
be and they are hereby authorized, directed and empowered
for an on behalf of and in the name of the District as
follows:
a) To execute agreements with the Bank providing for
such funds transfers and to make and verify requests for
such transfers, and the Bank 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 Clerk 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) Clerk 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 4th day of June 1990 by the following roll
call vote:
AYES: Aguera, Corbett, Curran, Sutton and Maass.
NOES: None.
ABSENT: None.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
J s A. Maass, President
ATTEST
Susan M. Craig, .Deputy istrict Clerk
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