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FhSOLUTION NO. 172
A FESOLUTTON OF THE CITY CO1?NCTL OF 751 CITY OF COSTA MESA, CALTFOFNTA
WHEFEAS, the Council has heretofore designated the Cornercial Nati-nal
Bank of Santa Ana, California, as depository of all funds and mon'es cominp into
the possession of the treasury of the City of Costa Nesa; and
WFEF FAS, the City Cornci_l has noy determined that it will be for the best
interest of the City of Costa Mesa to change the depository to the United States
National Rank of San Vero, Costa Yesa Branch, for the added convenience of the
City; and
j-i?UEFLAS, the City Col ncil f�irther finds it is for the best interests of
the City to open and maintain an inactive account not to exceed 075,000.00;
NOW, THEFEFOFE, the City Council of the City of Costa ism does hereb
resolve as follows:
1. The United States National Bank of San Liego, Costa Mesa Branch, is
hereby designated as the depository for all funds and m -vies coming into the
possessicn of the treasury of the Ci.tT of Costa Mesa, and all such funds and
monies shall fortwith upon receipt by the City of Costa Yesa be deposited therein
to the credit of the Ci.t7 of Costa Asa.
2. The Treasurer is heieby authorized to nnen and estaYl;sh an inactive
account in said deTns; tnr7 in the s,m of 1701000.00
3. All withdrawals vnon such .funds or monies on cerosit therein shall
be drawn upon warrants an the City Treasurer cf the City of Costa Mesa; all such
war i arts shall be signed by the Va-or of the City of Costa i'''esa, countersi fined
by the City Clerk of said City, and accepted for payrent by the si_anature of the
City Treasurer of said City, which said officers are hereby designated as the
signatories for the withdrawal of all funds and monies so deposited by the City
of Costa Mesa.
The above and foregoing F_esolution was duly and reralarly passed and
adoFted at a regrlar meet;nR of the City Council of the City of Costa Yesa, held
on the 10th day of Sytember, 10,0, by the following vote, to -wit:
AYES: CO'NCTL?°SEN Martin, Pinkley, Nelson and Smith
NOES: CO' :NCTL"'EN None
ApSENT COU CTLYEN None
'ay -r o the ,'_ty of Casta Yesa
AT7FST:
City Clore- ref the Q Q of C sta l7esa
260
STATE OF CALTFOFNTIA)
CCU- NTY OF OT-ANGE ) SS
CI'Y OF COSTA VESA )
1, A. C. SWAFT-, City Clerk: and ex -officio Clerk of the City Council
of the City of Costa mesa, Cal;fornia, hereby certify that the above and fore-
going Fesolution No. 172 was d,.:ly and regularl,; passed and adopted at a regular
meeting of the City Council of the City �-f Costa Ylesa held on the 19th day of
Se-tember, 1°r�K.
Trj VrTNESS 1 -RT; FEOF, r have hereunto set m7; hand and seal this 11th cay
of October, lor;C�.
Citi Clerk- and ex-o� icio Clerk of the
City Counc;l rf the City of Costa Pesa