Resolutions

RESOLUTION NO. 2009-01

A RESOLUTION AUTHORIZING CERTAIN CITY
OFFICIALS/EMPLOYEES TO EXECUTE CHECKS AND
DRAFTS ON SPFCTFTED ACCOUNTS OF THE CITY OF
ELKINS
WHEREAS. there are numerous accounts holding funds of the City of Elkins. Arkansas.
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 reqrnre 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 I: With respect to the various 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 of the City of Elkins one of which
shall either be the Recorder-Treasurer or the City Council Chairman, 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
Office Manager - Gayla Stahman
Recorder/Treasurer-Sunny Ledford
City Council Chairman - Lloyd Stith

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 7th day of January, 2009.