HomeMy WebLinkAboutCC RESO 8361RESOLUTION NO. -31
RESOLUTION AUTHORIZING ESTABLISHMENT OF BANK ACCOUNT
FOR PUBLIC WORKS PROJECT A PW-CAL I F -60G
The City Council of the City of National City
resolves as follows:
1. That in order to satisfy the requirements of
the Federal Government in regard to the disbursement of funds
allocated to Project APW-CALIF-60G, the Mayor and City Trea-
surer and other appropriate City officials are directed to
establish a checking account at the National City Branch of
the Security First National Bank, and to execute all documents
necessary to establish said account.
2. That said account shall be known as Public Works
Project APW-CALIF-60G Account.
3. That the sum of $11,100.00 be transferred
to sa d account from the Drainage Fund of the City, said sum
representing the sum the City is required to contribute to
said project.
4. That the City Clerk is authorized and directed
to se up the appropriate books of account relative to said
project, and to record all expenditure, draw checks as re-
quired, and do all other acts required to properly disburse
the funds placed in said account.
5. That in the event funds attributable to the
City -amain in the account after the completion of the project,
or in the event said project is not begun or completed for
any mason, any such City funds remaining in said account may
be withdrawn and deposited in the Drainage Fund of the City
upon resolution duly adopted.
PASSED AND ADOPTED this t,/ day of April, 1963.