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HomeMy WebLinkAboutRES 89-93RESOLUTION NO. 89- 93 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR PRESCRIBING A METHOD OF DRAWING WARRANTS AND CHECKS UPON CITY FUNDS. A. Recitals. (i) Pursuant to California law, the Mayor and City Clerk are required to execute and countersign all warrants and checks issued for payment from City funds. (ii) California Government Section 37203 provides that the City Council may prescribe an alternative method for drawing warrants and checks. (iii) The City Council of the City of Diamond Bar desires to provide an alternative method to insure the timely drawing of warrants and checks upon City funds. (iv) All legal prerequisites to the adoption of this Resolution have occurred. B. Resolution. NOW, THEREFORE, the City Council of the City of Diamond Bar hereby finds, determines and resolves as follows: 1. In all respects as set forth in the Recitals, Part A, of this Resolution. 2. Pursuant to the provisions of California Government Code Section 37203, all checks and warrants drawn on City funds shall be executed and countersigned by any two of the following three positions: 1 a. Mayor; b. City Treasurer; C. Senior Accountant. 3. Notwithstanding the provisions set forth above, any and all checks and warrants drawn on City funds payable in excess of $10,000.000 shall be signed by the Mayor and one of the required signatures thereon. 4. The City Council hereby authorizes and directs the execution of all documents reasonably necessary to implement the method for payment of checks and warrants set forth above, including, but not limited to, execution of documents pertaining to City bank accounts with City's banking institution(s). 5. The City Clerk shall certify to the adoption of this Resolution. PASSED, ADOPTED AND APPROVED this 25th day of September , 1989. 6 WAW I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was passed, adopted and approved at a regular meeting of the City Council of the City of Diamond Bar held on the 25th day of September, 1989, by the following vote: AYES: COUNCIL MEMBERS: Forbing, Miller, Werner, Mayor Pro Tem Horcher and NOES: COUNCIL MEMBERS: None Mayor Papen ABSENT: COUNCIL MEMBERS: None ABSTAINED: COUNCIL MEMBERS: None ' y Cit lerkv of th¢- -- City of Digmotd._- Bar- N\1011\CHSCRRES\DB\4.1 3