REGULAR TOWN BOARD MEETING
January 18, 2006
Page 5

Fiscal – Customer Change Authorization Form / Adirondack Bank

In behalf of the Bookkeeper, the Town Clerk presented the following Resolution that was introduced by Councilman Woodland and duly seconded by Councilman Reynolds:

(RESOLUTION NO. 35 OF 2006)

 RESOLVED that the New Hartford Town Board does hereby authorize and direct Town Supervisor Earle Reed to execute the Customer Change Authorization Form at the Adirondack Bank, 2817 Genesee Street, Utica, New York, thereby updating the Supervisor’s signature to be that of Earle C. Reed who replaced Ralph B. Humphreys effective January 1, 2006 and that the current Town Supervisor and/or Bookkeeper be, and he/she hereby is, authorized to exercise the powers granted as indicated hereunder: 

·        Supervisor – exercise all of the powers of this resolution

·        Supervisor or Bookkeeper – open any deposit or share account(s) in the name of the Town of New Hartford

·        Supervisor or Bookkeeper – endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit with Adirondack Bank

·        Supervisor or Bookkeeper – borrow money on behalf and in the name of the Town, sign, execute and deliver promissory notes or other evidences of indebtedness

·        Supervisor or Bookkeeper – endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks, bonds, real estate or other property now owned or hereafter owned or acquired by the town as security for sums borrowed, and to discount the same, unconditionally guarantee payment of all bills received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and notice of non-payment

·        Supervisor – enter into a written lease for the purpose of renting, maintaining, accessing and terminating a Safe Deposit Box at Adirondack Bank. 

The Board then voted upon roll call as follows:                                                                   

                                    Councilman Waszkiewicz          -           ABSENT

                                    Councilman Reynolds               -           Aye

                                    Councilman Woodland -           Aye

                                    Councilman Payne                    -           Aye

                                    Supervisor Reed                       -           Aye

 The Resolution was declared unanimously carried and duly ADOPTED.

 

Fiscal - Supervisor’s Signature / Bank of America

In behalf of the Bookkeeper, the Town Clerk presented the following Resolution that was introduced by Councilman Woodland and seconded by Councilman Reynolds: 

(RESOLUTION NO. 36 OF 2006) 

RESOLVED that the New Hartford Town Board does hereby authorize and direct Town Supervisor Earle C. Reed to execute the Commercial Segment Deposit Account Signature Card at the Bank of America, to replace the previous Signature Card of former Supervisor Ralph B. Humphreys, and does further confirm that the current Town Supervisor and/or the Bookkeeper are authorized to: 

  • to operate all current and future accounts opened under the new Signature Card
  • to operate each account, including authority to sign checks and other items
  • to give Bank of American other instructions to withdraw funds, to endorse and deposit checks and other items that are payable or that belong to the Town
  • to transact other business relating to each account.

A roll call vote ensued:                                                                             

                                    Councilman Waszkiewicz          -           ABSENT

                                    Councilman Reynolds               -           Aye

                                    Councilman Woodland -           Aye

                                    Councilman Payne                    -           Aye

                                    Supervisor Reed                       -           Aye 

The Resolution was declared unanimously carried and duly ADOPTED.