Resolution No. 2440350
RESOLUTION NO 2440
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
AUTHORIZING TELEPHONE/WIRE TRANSFERS WITH SECURITY
PACIFIC NATIONAL BANK
WHEREAS, from time to time the City of Cypress requests by telephone that
the Cypress Office of Security Pacific National Bank ("Bank") wire transfer fund3
to other banks for credit to designated persons in amounts not to exceed the
balance on deposit with Bank which requests make it inconvenient or impossible
to execute the written authorizations instructions and releases ordinarily
required by Bank Therefore, so that Bank may have standing authorizations
and instructions upon which to act pursuant to telephone requests for the wire
transfer of funds
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Cypress
that Darrell Essex, the City Manager of this City, is hereby authorized to enter
into agreements on behalf of this City with Security Pacific National Bank
providing for telephone requests for the wire transfer of funds belonging to this
City upon such terms and conditions as may be agreed upon between said officer and
Bank, and to appoint such persons who may request such transfers in accordance
with such agreements
BE IT FURTHER RESOLVED that the authority conferred herein shall continue
in full force and effect until written notice of its revocation shall be received
by said Bank at its Cypress Office Cypress, California
PASSED AND ADOPTED by the City Council of the City of Cypress at a regular
meeting held on the 14th day of September, 1981
ATTEST.
CI CLER////) F`THE
MAYOR OF THE CITY OF CYPRESS
TY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
I, DARRELL ESSEX, City Clerk of the City of Cypress DO HEREBY CERTIFY that
the foregoing Resolution was duly adopted at a regular meeting of said City Council
held on the 14th day of September 1981, by the following roll call vote*
AYES' 3 COUNCIL MEMBERS: Lacayo Rowan and Mullen
NOES 0 COUNCIL MEMBERS None
ABSENT: 1 COUNCIL MEMBERS. Coronado
CITY CL RK 0 E CI OF CYPRESS