Resolutions

RESOLUTION NO. 2008-3

A RESOLUTION AUTHORIZING CERTAIN CITY
OFFICIALS/EMPLOYEES TO EXECUTE CHECKS Al\JU
DRAFTS ON SPECIFIED ACCOUNTS OF THE CITY OF
ELKINS

WHEREAS, there are numerous accounts holding funds of the City of Elkins, Arkansas,

and;

WHEREAS, these accounts are with Chambers Bank and are utilized to hold funds and
pay obligations in respect to the business of the City.
WHEREAS, the financial institutions which maintain these accounts requue clear
direction as to authorized signatures for transactions on these accounts; and,
WHEREAS, Arkansas law and State or Federal regulations prescribe which officials may
be authorized to transact business on some of these accounts.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ELKINS, ARKANSAS, that:
SECTION 1: With respect to the water department bank accounts held in the name of
the City of Elkins, Arkansas, as specified on Exhibit A hereto, which accounts are maintained at
Chamber's Bank, any two of the following four (4) officials/employees ofthe City of Elkins may
and hereby are authorized to execute checks and drafts in the name of the City of Elkins on
behalf of the City, to-wit:

Mayor- Jack Ladyman
Alderman - Bobby McGarrah
Office Manger- Gayla Stahman
Water & Sewer Committee Representative- Joyce Bunch

SECTION 2: These authorizations are effective with the passage of this Resolution and
shall continue in full force and effect until a new Resolution is passed by the City Council of
Elkins, Arkansas; all persons listed above are so authorized as a result of their representative
capacity with the City of Elkins, Arkansas, and their authority shall cease and terminate in the
event that their Representative capacity (as indicated) shall end, lapse or terminate for any
reason. This Resolution revokes and replaces any prior resolutions. The disqualification of one
or more of such Representatives shall not affect the authority hereby otherwise granted.

PASSED AND APPROVED this 28th day of February 2008 .