1959-66 Authorizing Establishment of Bank Account for Village Providing for Transfer of Certain Funds and Withdrawal Procedure4
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RESOLUTION N0. 66 _
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
' PALM BEACH, PALM BEACH COUNTY, FLORIDA, AUTHORIZING IHE EXTABLISHMENT
OF A BANK ACCOUNT FOR SAID VILLAGE, PROVIDING FOA THE TRANSFER OF
CERTAIN FUNDS AND PRESCRIBING A WITHDRAWAL PROCEDURE THEREFOR.
' BE IT AND IT IS HEREBY RESOLVED BY THE VILLAGE COUNCIL OF 7HE
VILLAGE OF NORTH PALM BEACH,- FLORIDA:
Section 1. That the Village Clerk is hereby authorised and
directed to transfer those funds now standing on deposit with the
RIVIERA BEACH BANK, OF RIVIERA BEACH, FLORIDA, and which are designated
• as the CIGARETTE TAX FUND ACCOUNT, to the FIRST AMERICAN BANK OF NORTH
PALM BEACH, FLORIDA.
Section 2. That the Village Clerk is hereby authorized and
directed to open and from time to time reconcile an account or accounts
for and in the name of the Village with the First American Bank of
North Palm Beach for th e purposes hereinabove prescribed in Section 1
and for the deposit of such other funds as may from time to time be
necessary or desirab le to facilitate the administration of the Village
' affairs, the same to be subject to withdrawal by checks, drafts or
orders signed in the na me of the Village by any member of the Village
Council or by the Village Treasurer, singly, provided such check, draft
or order does not exceed the amount of One Thousand and No/100 Dollars
($1,000.00). All checks, drafts or orders drawn on such account or
accounts, which exceed the aforesaid amount, shall be signed by one of
the persons designated above and co-signed by another member of the
Village Council or the Village Treasurer, as the case_ may be. The
'aforesaid Bank may rely upon the authority herein conferred upon said
persons until delivery to it of a certified copy of a- resolution re-
voking or modifying the same; and that such authority shall include
checks drawn to the order of said persons.
PASSED AND ADOPTED this 27th day of October 1959
(SEAL)
ATTEST:
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Village Clerk