Resolution 2670-98
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RESOLUTION NO. 2670-98
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
AUTHORIZING THE OPENING OF A
CREDIT CARD ACCOUNT WITH
SIERRA WEST BANK
WHEREAS, it is required by Sierra West Bank (Bank) that the Board President
of the South Tahoe Public Utility District (District) authorizes the establishment of an
7 account for credit card purposes; and
8 WHEREAS, the Board of Directors is legally charged with the receipt and
9 safekeeping of funds coming into the Treasury of the District (a public entity) and this
10 bank account shall be governed by applicable banking laws, regulations, and customs
11 and is subject to a Contract Deposit of Monies between the undersigned and the Bank;
12 and
13 WHEREAS, the Board President authorizes the establishment of this account
upon such terms as may be agreed upon, and further certifies that any two of the
following persons are authorized to withdraw funds from this account by check, draft,
or other items, for and on behalf of the District:
1. James R. Jones, Board President
2. Christopher H. Strohm, Vice President
3. Pembroke Gochnauer, Director
4. Mary Lou Mosbacher, Director
5. Duane Wallace, Director
6. Robert G. Baer, General Manager
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the South
Tahoe Public Utility District authorizes the Chief Financial Officer of the District, and
in hislher absence, the Accounting Manager, to execute all documents to consummate
26 this financial transaction;
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NOW, THEREFORE, BE IT FURTHER RESOLVED that this authority shall remain
28 in force until revocation thereof, by sealed notification to the Bank of such action by
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Resolution No. 2670-98
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the Board of Directors of the South Tahoe Public Utility District or by the signor hereof,
at the branch office of the Bank where this account is maintained.
PASSED AND ADOPTED at a duly held Regular Meeting of the Board of
Directors of the South Tahoe Public Utility District on the 19th day of March, by the
7 following vote:
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9 AYES: Directors
10 NOES: None
11 ABSENT: None
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Wallace, Strohm, Jones, Gochnauer, Mosbacher
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