HomeMy WebLinkAbout1992 11_Electronic Transfer of Funds First Bank of Owasso_1992.07.07WHEREAS: The City from time to time request, by means of telephone, telegraphic, telecopy,
or orals orders, the transfer of funds in amounts not to exceed the balance on
deposit at First Bank of Owasso to other banks or financial institutions; and,
WHEREAS: The City and First Bank of Owasso desire to establish standard written instructions
and authorization procedures for such transactions.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OWASSO, OKLAHOMA;
THAT- The First Bank of Owasso be and it hereby is, designated a depository of this City
with authority to execute orders for transfers of funds electronically, by public or
private wire transfer systems or otherwise, from or to accounts at First Bank of
Owasso or any other financial institution. First Bank of Owasso may accept the
representations of representatives authorized to request and receive telephonic or
wire transfer of funds. The funds transfer agreement attached hereto, made a part
hereof, and marked as exhibit "A" is hereby approved and the Mayor is
authorized to execute same.
THAT: The City Treasurer of the City of Owasso is hereby singly authorized and
empowered to transmit orders for transfer of funds electronically by public or
private wire transfer systems from or to accounts at First Bank of Owasso or any
other Financial Institution.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA ON THIS 7TH DAY OF JULY, 1992.
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Patricia K. Marlar;/Mayor