March 12th, 1984 /33

REPORTS:

*SA/11/84/03/12/25
From the Finance Committee, February 28th, 1984, and March 6th,
1984 (two reports) being Statements of Accounts Payable in the amount

of $81,508.50, $1,045.73 and $242,967.67, respectively.

Moved by Alderman Gates:
Seconded by Alderman Wright:

That the three reports of the Finance Committee, February 28th,

1984, and March 6th, 1984 (two reports) being Statements of Accounts
Payable in the total amounts of $81,508.50 and $1,045.73 and

$242,967.67, respectively, be approved.
Carried.

*FN/12/84/03/12/30
From Administration Committee, March 6th, 1984 regarding the City's
Banking.

Moved by Alderman Laking:
Seconded by Alderman Stewart:

That the Treasurer of The Corporation of the City of Port Coquitlam
(hereinafter called the "Corporation'), be and is hereby authorized for

an on behalf of the Corporation te negotiate with, deposit, or transfer
to THE CANADIAN IMPERIAL BANK OF COMMERCE (but for credit of the
Corporation's account only) all or any cheques and other orders for the
payment of money, and for the said purpose to endorse the name or any
of them on behalf of the Corporation either in writing or by rubber

stamp;

That all cheques of the Corporation be drawn in the name of the
Corporation and be signed on its behalf by the Mayor (or an Alderman)
and signed/countersigned by one of the following persons: .- the
Treasurer, Deputy Treasurer, Administrator, or the Engineer;

Provided that cheques drawn on the Payroll! Account or the Petty

Cash Bank Account need only be signed by two of the foi lowing persons:
the Mayor, an Aiderman, the Treasurer, Deputy Treasurer, Administrator,

Clerk or the Engineer;

Provided that all cheques (except those drawn on the Petty Cash
Bank Account) with a value of less than $10,000 need not be personally
signed by the persons above named but may have the signatures of the
Mayor and Treasurer reproduced thereon by mechanical or other means;

That the Treasurer, (or persons appointed by the Treasurer) be and
is hereby authorized for and on behalf of the Corporation from time to
time to receive from the said Bank a statement of the account of the
Corporation together with al! relative vouchers and all unpaid bills
fodged for collection by the Corporation and al! items returned unpaid
and charged to the account of the Corporation, and to sign and dellver
to the sald Bank the Bank's Form of Verification, Settlement of Balance
and Release;