Resolution 2752-03
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RESOLUTION NO. 2752-03
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5 WHEREAS, it is required by U.S. Bank (Bank) that the Board President of the South
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. 2690-99 in its Entirety
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6 Tahoe Public Utility District, EI Dorado County, California, authorizes the establishment of
7 a bank account; 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 bank
10 account shall be governed by applicable banking laws, regulations, and customs and is
11 subject to a Contract Deposit of Monies between the undersigned and the Bank; and
12 WHEREAS, the Board President authorizes the establishment of this account upon
13 such terms as may be agreed upon, and further certifies that any of the two following
14 persons are authorized to withdraw funds from this account by check, draft, or other items,
15 for and on behalf of the District:
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22 NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the South
23 Tahoe Public Utility District authorizes the Chief Financial Officer of the District, and in
24 hislher absence, the Accounting Manager, to execute all documents to consummate this
25 financial transaction;
1. Director, Seat 1
2. Director, Seat 2
3. Director, Seat 3
4. Director, Seat 4
5. Director, Seat 5
6. General Manager
26 NOW, THEREFORE, BE IT FURTHER RESOLVED, that this authority shall remain
\..,... 27 in full force until revocation thereof, by sealed notification to the Bank of such action
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Resolution No. 2753-03
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3 by the Board of Directors of the South Tahoe Public Utility or the signor hereof, at the
4 branch office of the Sank where this account is maintained.
5 PASSED AND ADOPTED at a duly held Regular Meeting of the Board of Directors
6 of the South Tahoe Public Utility District on the 20th day of March 2003, by the following
7 vote:
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9 AYES: Directors
10 NOES: None
11 ABSENT: None
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Wallace, Schafer, Jones, Becker, Mosbacher