HomeMy WebLinkAboutRESOLUTION 1976-100__._ ~ _ T _~___ __ _ _ , ____
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CITY OF KF.NAI
RESOLUTION NO. ?6-100
A RESOLUTION ESTABLISHING DEPOSITORIES FOR MUNICIPAL FUNDS AND
ESTABLISHING THE AUTHORIZED SIGNA~'URES FOR DEPOSIT OR WITHDRAWL
OF FUNDS FROM SAID DEPOSITORIES .
WHEREAS , past resolutions authorizing signators have given two persons in the
same department the capacity to sign a negotiable instrument, and
WHEREAS, it is the finding of the Council that such practice is not desirable.
NOW, THEREFORE, BF. IT RFSOLVFD RY THF. COUNCIL f1F THF. CITY nF KFNAI,
ALASKA, as follows:
Section 1: That the Alaska State Aank. Kenai Aranch and/or National
Bank of Alaska, Kenai Branch, and/or First Federal Savings Rank, be designated
as official depositories of municipal funds.
Section 2: That, for banking purposes, the persons listed hereinafter
are authorized as signators on accounts of the City of Kenai and any two of such
persons may sign negotiable instruments for the City of Kenai:
John E . Wise, City Manager
Ross A. Kinney, Finance Director
Lillian Hakkinen, Accountant
Sue C. Peter, City Clerk
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RESOLUTION NO. 76-100, Page T~vO
Section 3: That, for purposes of internal control, one of the following
combinations of signatures must appear on any negotiable Instrument of the city
of Kenai:
John F., wise. ('ity Manager
floss A . Kinney, Finance Airector
II' or
John F.. Wise, City Manager
Lillian Hakkinen , Accountant
or
Ross A. Kinney, Finance Director
Sue C . Peter , City Clerk
Section 4: That all prior resolutions designating depositories and
authorizing signators are hereby rescinded.
PASSED BY THE COUNCIL OF THE CITY nF KENAI, ALASKA, this 19th day
of January, 19?7.
~ ATTEST:
i $ C. Peter, City Clerk