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CC - 1959 - 40 - First State Bank of Rosemead to Honor SignaturesRESOLUTION NO. 40 0 RESOLUTION OF THE CITY. COUNCIL OF THE CITY. OF ROSFDEAD AUTHOF. ZING AND DIRECTING THE FIRST S` A...TE BAND: 07, ROSE'tV-AD TO HONOR ALL CHECKS, DRr-F!'03 AND WARRANTS WHEN BEARING CERTAIN SIG- NATURES OF CITY OF.ICIALS. WHEREAS, Section 37203 of the Government Code sets forth the authority and power of the City in regard to the drawing of warrants and checks, and WHEREAS; the City Council determines that it is neces- sary for the efficient administration of the fiscal affairs of the City that this Resolution be passed and adopted, I NOW, THEREFORE, the City Council of the City of Rosemead DOES RESOLVE, DETERMINE AND ORDER as follows: SECTION 1: The First State Bank of Rosemead, as a designated ep~ osTEary of the City of Rosemead, be and it is hereby requested, authorized and directed to honor all checks, drafts, warrants or other orders for the payment of money drawn in the name of the City of Rosemead on all its accounts when bearing or purporting to bear the manual signature of the Mayor, Henry E. Stead, or the Mayor Pro Tem, Walter F. Lowrey, plus the manual signature of t e City Treasurer, No A. Stump, plus the manual signature of the City Clerk, William Woollett, Jr. PASSED AND ADOPTED this 19th day of August, 1959• [z , MAYOR PY 6F ROS1 NAD ATTEST: P T Y C_LER~ 0 H CITY t S b R AD 1.