Reso 1338-02/2010RESOLUTION NO. 1338
BANK RESOLUTION BY
VALLECITOS WATER DISTRICT BOARD OF DIRECTORS
RESOLVED, the Chase Bank (Bank) is designated a depository of funds for the District;
RESOLVED, that this Resolution shall continue to have effect until express written
notice of its rescission or modification has been received and recorded by Bank;
RESOLVED, that all transactions, if any, with respect to any deposits, withdrawals and
borrowings by or on behalf of the District with Bank prior to the adoption of this
resolution is hereby ratified, approved and confirmed;
RESOLVED, that the persons named below, so long as they act in a representative
capacity as agents of the District, are authorized to make any and all other contracts,
agreements, stipulations and orders which they may deem advisable for the effective
exercise of their powers, from time to time with Bank, concerning funds deposited in
Bank, monies borrowed from Bank or any other business transacted by and between
the District and Bank;
RESOLVED, that any and all prior resolutions adopted by the District and certified to the
Bank as governing the operation of the District's account(s), are in full force and effect,
unless supplemented or modified by this resolution;
RESOLVED, that the District agrees to the terms and conditions of any account
agreement, properly opened by any authorized representative(s) of the District, and
authorizes Bank, at any time, to charge the District for all checks, drafts, or other orders
for the payment of money that are drawn on Bank, regardless of by whom or by what
means the facsimile signature(s) may have been affixed so long as they resemble the
signature specimens shown below, or facsimile signature specimens that the District
files with the Bank from time to time.
Powers:
1. Open and close deposit accounts, sign account agreements, and sign contracts
for deposit-related and other services. Signatures required: 1
2. Sign and authorize checks, drafts, withdrawal slips, and any other orders for the
payment of money, whether by paper, electronic, or any other means, even if
payable to the signer or used to discharge or reduce any obligation of the signer.
Signatures required: 1
3. Give releases, waivers, receipts, and notices of all kinds that relate in any way to
any relationship of the Proprietor with the Bank. Signatures required: 1
Resolution No. 1338 Page 2
RESOLVED, that the secretary of the District is directed to certify and deliver a copy of
these resolutions to the Bank, the signature cards bearing the genuine signatures of the
persons named below, and any other documents that the Bank requires.
AUTHORIZED PERSONS: The names and genuine signatures, manual or facsimile, of
the authorized persons, and the powers granted to them are as follows:
Name Title Power 2 please circle type of power)
Dennis O. Lamb
Signat
General Manager/Secretary
Facsimile Signature
Name Title Powers ~~please circle type of power)
Thomas F. Sca lione Director of Finance
S~u e' ~ f Facsimile Signature
~ __
BE IT FURTHER RESOLVED, that the Secretary of the District is directed and certified
by the Board of Directors of the District has, and at the time of adoption of this
Resolution has, full power and lawful authority to adopt the foregoing resolutions and to
confer the powers granted to the persons named above who have full power and lawful
authority to exercise the same.
IN WITNESS WHEREOF, I have signed this certification on the date shown by my
signature and have affixed the District's seal.
Vallecitos Water District
Company Name
By (//~ ~/ ` i~G~~~ (District seal) Date ~ ~ ~ ~ I
Dennis O. Lamb, Secretary
Vallecitos Water District
Board of Directors