Resolution 2690-99
1
\. 2
3
4
5
6
7
8
9
10
11
RESOLUTION NO. 2690-99
A Resolution of the Board of Directors of the
South Tahoe Public Utility District
Establishing a Bank Account at U.S. Bank
and Superceding Resolution No. 2240 in its Entirety
WHEREAS, it is required by U.S. Bank (Bank) that the Board President of the
South Tahoe Public Utility District, EI Dorado County, California, authorizes the
establishment of a bank account; and
WHEREAS, the Board of Directors is legally charged with the receipt and
safekeeping of funds coming into the Treasury of the District (a public entity) and this
bank account shall be governed by applicable banking laws, regulations, and customs
and is subject to a Contract Deposit of Monies between the undersigned and the
12 Bank; and
13 WHEREAS, the Board President authorizes the establishment of this account
14 upon such terms as may be agreed upon, and further certifies that any of the two
"" 15 following persons are authorized to withdraw funds from this account by check, draft,
16 or other items, for and on behalf of the District:
\..,
17
18
19
20
21
22
1.
2.
3.
4.
5.
6.
James R. Jones, Board President
Christopher H. Strohm, Vice President
Pembroke Gochnauer, Director
Mary Lou Mosbacher, Director
Duane Wallace, Director
Robert G. Baer, General Manager
23 NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the South
24 Tahoe Public Utility District authorizes the Chief Financial Officer of the District, and
25 in his/her absence, the Accounting Manager, to execute all documents to
26 consummate this financial transaction;
27 NOW, THEREFORE, BE IT FURTHER RESOLVED, that this authority shall remain
28 in full force until revocation thereof, by sealed notification to the Bank of such action
~
1 Resolution No. 2690-99
Page 2
2
3 by the Board of Directors of the South Tahoe Public Utility or the signor hereof, at the
4 branch office of the Bank where this account is maintained.
5 PASSED AND ADOPTED at a duly held Regular Meeting of the Board of
6 Directors of the South Tahoe Public Utility District on the 18th day of March, by the
7 following vote:
8
9 AYES: Directors
10 NOES: None
11 ABSENT: None
12
13
14
.... 15
16
17
18
19
20
21
22
23
24
25
26
27
\. 28
Wallace, Strohm, Jones, Gochnauer, Mosbacher
ATTEST:~~ S~ A~
Kathy Sharp lerk of the oard
and Ex-OfficIo Secretary of the Board of Directors