218.97
RESOLUTION AUTHORIZING WIRE TRANSFER AGREEMENT
WITH EVERGREEN BANK
RESOLUTION NO. 218, 97
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Carol Pulver
WHEREAS, Evergreen Bank has requested that the Town of
Queensbury enter into an agreement regarding the authorization and
execution of wire transfers,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
agrees to enter into an agreement with Evergreen Bank, N.A., in a
form to be approved by Town Counsel and a draft of which (without
necessary revisions of schedules attached) is hereto annexed, to
provide for the electronic or telephone transfer of Town funds from
time to time as directed by an authorized representative selected
by the Town Board, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
designates the Town Comptroller and Town Supervisor as the
authorized representatives, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury shall
adopt a system of internal controls for the documentation and
reporting of all transfers of disbursements of funds accomplished
by electronic or telephone transfer, and
BE IT FURTHER,
RESOLVED, that the Town Supervisor is hereby authorized and
directed to sign such agreement and take such actions to enter into
this agreement, including, but not limited to, identifying which
Town accounts that can be so transferred.
Duly adopted this 19th day of May, 1997, by the following
vote:
AYES : Mr. Turner, Mrs. Pulver, Mrs. Monahan, Mr. Champagne
NOES : None
ABSENT: Mrs. Goedert