THE CORPORATION OF TH

FROM:

SUBJECT:

E CITY OF PORT COQUITLAM | : C | T
| SEP 13 1982

B. Kirk, — DATE: September 2, 1982.
City Administrator. —

J. Maitland,
City Treasurer.

City's. Banking.

RECOMMENDATION :

1.

That the Mayor and the Clerk be authorized to execute the
banking agreements with the Canadian Imperial Bank of Commerce.

a) Agreement relating to Cash Management (on City letter-
head).

b) Agreement re operation of.account (bank form 70-75)

That Council consider the following banking resolution:

That the Treasurer cf The Corporation of the City of
Port Coquitlam (hereinafter called the ‘'Corporation"), be
and is hereby authorized for and on behalf of the Cerporation
to negotiate with, deposit, or transfer to THE CANADIAN
IMPERIAL BANK OF CANADA (but for. credit of the Corporation's
account only) all or any cheques and other orders for the pay-
ment 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 signéd on its behalf by the Mayor
(or an Alderman) and signed/counter-signed by the Treasurer,
(or by the Deputy-Treasurer for the time. being as notified to
the Bank from time to time);

PROVIDED that cheques drawn on the Payroll Account or the
Petty Cash Bank Account need only be signed by two of the
following persons: the Mayor, an Alderman, the Treasurer, Deputy
Treasurer, Administrator, Clerk or the Engineer;

cont: /2