HomeMy WebLinkAboutRES 1996-31 - Board RESOLVTIO11i NO. '96 1
TRU KEE 1 O N1�1ER PlUBc1C tlTtL TIf 1 IS `Ri+ T
AUTHORIZING WIRE TRANSFERS,
DES►GNATiNG EMPLOYEES TO AOT ON BEHALF OF'DISTRICT
AN►3 RESCINDING RESOLUTION NO. 9526
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, Sierra West Bank provides wire transfer and comparable transfer services, and
WHEREAS, Truckee River Bank is now known as Sierra West Bank,
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee Donner Public
Utility District as follows:
1. That SierraWest Bank is hereby requested to honor, execute and process the
--� District's telephonic, electronic, written or oral requests for the transfer of funds
between the accounts of this District at SierraWest 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) the
General Manager, b) the Administrative Services Manager, c) the President of the
Board, be and they are hereby authorized, directed and empowered for and 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.
r^ 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 Deputy District 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.
6. That Resolution No. 9526 is hereby rescinded.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the 6th day of November 1996 by the following roll call vote:
r�
AYES: Aguera, Jones, Maass, Sutton and Hemig.
NOES: None.
ABSENT.• None.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Peter L. o meister, Clerk of the Board
ATTES �. �2��- —
Susan M. Craig, Deputy District �Alrk
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