0034E
RESOLUTION NO. 34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ROLLING HILLS, CALIFORNIA AUTHORIZING THE
ESTABLISHMENT OF A SPECIAL IN LIEU FUND BANK
ACCOUNT NO. 1
WHEREAS, it is necessary that the City of Rolling Hills
establish a bank account in which to deposit funds received
from the State of California as and for in lie'u personal
property taxes; and
WHEREAS, the City of Rolling'Hills at the present time
does not have an established bank account as a depository
of such funds.;
NOW, THEREFORE., BE IT RESOLVED that the City of Rolling
Hills establish a bank account for.the deposit of said funds
received from the State of California as in lieu personal
property taxes, such bank account to be known as Special In
Lieu Account No. 1 of the City of Rolling Hills.
RESOLVED FURTHER that said funds received by the City
of Rolling Hills be deposited in the California Bank subject
to the By -Laws, Rules and Regulations of California Bank., in
force from time -to time governing Accounts with said Bank,
and 'subject to any and all service charges now or hereafter
established, and that
Owen F. Goodman, Mayor
or Allan F. Bullard, Mayor Pro Tempore
and'Gilbert B. Myers, City Treasurer
or Phyllis S. Stockdale, Deputy City Treasurer
be and they are hereby authorized to sign checks, drafts,
trade acceptances, counter checks or orders for and on
behalf of this city and that each of them be and he is
hereby authorized to endorse checks, drafts, trade accept-
ances, notes or orders for and on behalf of this city for
deposit, encashment or otherwise, and said bank is hereby
authorized to honor and pay on account of this city any and
all checks, drafts, trade acceptances, counter checks, notes
or orders signed and/or endorsed in accordance herewith.
Said Bank is authorized to send by unregistered mail to the
last known address of the city on file with the Bank state-
ments and cancelled checks not called for within three months.
PASSED, APPROVED AND ADOPTED this 24th day of June,
1957.
ayor
ATTEST:
4 City ACle3r;k
APPROVED AS TO FORM:
Crt—y-Eftorn6y
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