RES 1106 12/16/1986 - Establishing two checking accounts RESOLUTION NO. f OLD
A RESOLUTION ESTABLISHING TWO NEW BANK CHECK ACCOUNTS
FOR THE CITY OF CIBOLO.
WHEREAS, the City Council of the City of Cibolo recognizes the
necessity for good bookkeeping practices; and
WHEREAS, the City Council believes the establishment of two new
bank accounts will improve the record keeping of the City of Cibolo; NOW
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS
THAT:
SECTION 1. The City Secretary is hereby authorized to establish
in the Water Works/Sewer System Fund, an account that shall be titled
WATER RECOVERY CAPITAL IMPROVEIMENTS/CONSTRUCTION ACCT. The funds shall be
designated for future Capital improvements to the water system of the City
of Cibolo.
SECTION 2. The City Secretary is hereby authorized to establish
an independent account titled PAYROLL FUND. The funds transferred to this
account shall be used for all payroll authorized to be paid and all related
payroll expense.
SECTION 3. Authorized signatures for both new accounts shall be the
same signatures authorized for all other bank accounts of the City of Cibolo.
SECTION 4. This resolution shall be in full force and effect upon
approval and passage by the Cibolo City Council.
PASSED AND APPROVED THIS DAY OF faCCs 1LI C 1986.
Bill Little, Mayor
ATTEST:
Gladys Pfeil, City Secretary