HomeMy WebLinkAboutResolution No. 2502., nxvu L L' V -I1 IVU 1. nL`
OPENING OF A BAA ACCOUNT.iTH THE FIRST.
4. NATiONAT: BANK OF.AZUSA, TO BE KNOWN,AS THE
CITY OF'AZUSA 1911 IMPROVEMENT ACT ACCOUNT.
5 A.ND TO DEPOSIT,MONEY AND°ISSUE CHECKS''THEREON..
6
7 The City.Council of the City of Azusa does hereby resolve
8 as follows:
9 Section 1.: 6+Iher.eas, there is. and will be payments made
10
on the 191'1 Improvement Act Bonds by the property owners and
11" taxpayers of the -City of Azusa, and, whereas, the City of Azusa
12 has no right,'title or interest in and .to said money being paid
13 to the City for the purpose;of,payments on account. .of said bonds'',
14 and;,, -whereas, it is the desire of the.City of.Azusa to segregate
15 said funds from the general funds.of the City;
16 Section 2. .It.is-resolved that the City of `Azusa shall
17 open an 'account with the First National Bank of Azusa to be known -
18. as the City of .Azusa 1911 Improvement Act Account; and that the
19 City Treasurer be authorized to draw -on account,,;without
20 the requirement of any additional•signature s..
21' Section 3'. It is further resolved that the City Treasurer
22 be, and he—is hereby authorized and.directed to deposit all money
23 paid to.him at City Treasurer on ac,C011nt of or arising out of
24 payments of interest and/or principal for and on account of said
25 bonds,. which said funds are. paid.. for the purpose of transferring
26 the same to, the holders of said 'bonds:
27. Section 4. Itis further resolved that City Treasurer
28 be; ;and he. s.Iiereby..directed to draw ..checks thereon for the
29 purpose of'.paying-the money deposited thereon to the person or
30 personslegally'.ent:itled thereto .Upon surrender of the coupons
31 and/or` -bonds. in the manner provided by law.
32
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I hereby certify that the foregoing resolution
was duly and regularly adopted by the City Council
of the City of Azusa at a regular meeting of said
Council of said City held in the regular council
chambers of said City Council in said City Aprtl 16
1951, and that the same was passed by the follow ng vote.
of the Council:
AYES: COUNCILMEN: Jackson, Ortuno, Seltzer,
Memmesheimer, Jones.
NOES: COtUNCILMEN: None
ABSENT: COUNCILKW : None
City Clark of t e City of Azusa