1978 - 12-18-78 Regular Meeting - Laserfiche WebLink

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BE IT RESOLVED BY THE BOARD OF COMMISSIONERS FOR LEE COUNTY, in regular meeting assembled that: The finance officer of this unit shall be and is hereby authorized and directed to have deposited on a daily basis in The Carolina Bank, First-Citizens Bank & Trust Company, Mid-South Bank and Trust Company, The Northwestern Bank, Southern National Bank of North Carolina, First Federal Savings & Loan Association of Sanford, and Sanford Savings & Loan Association, in the name and to the credit of this unit all funds belonging to this unit with no exceptions, which may come into her hands as an employee of this unit. All checks, drafts or order of this unit drawn against said funds shall be signed by one of the following officers: Finance Officer Assistant Finance Officer and countersigned by the following officers: Chairman, Board of Commissioners. One of these signatures must be a.genuine handwritten signature. The names and signatures of the officers designated shall be duly certified by the Clerk of the Board to said bank depositories as from time to time necessary and no check, draft or order drawn against said bank shall be valid unless so signed. The said bank depositories shall be required to submit to this unit a surety bond and/or such other collateral securities as may be by law required. The said bank depositories shall be given written instructions that the proceeds from all checks payable to the order of this unit be deposited to the credit of this unit and that under no circumstances may an item be converted into cash. The said bank depositories shall be given written instructions that, as provided under G. S. 105-199, the funds of this unit are not subject to the Intangibles Tax. Certified copies of this resolution shall be forwarded to the said bank depositories herein designated.