HomeMy WebLinkAboutR-87-43RESOLUTION NO. R-87-43
A RESOLUTION OF THE CITY OF SEBASTIAN, FLORIDA, SETTING
POLICY REGARDING THE NUMBER AND FORM OF SIGNATURES THAT
MUST APPEAR ON CHECKS, DRAFTS, AND OTHER FINANCIAL
DOCUMENTS; PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN,
FLORIDA, AS FOLLOWS:
The City Council of the City of Sebastian hereby establishes
the following policy regarding the number of signatures and the
form of such signatures that must be placed on certain documents
regarding financial matters, including negotiable instruments,
purchase orders, and other financial papers.
1. The following three officials are hereby authorized to
sign all such financial documents unless in a given case or cases
a statute or law may require a different requirement:
a. Finance Director (City Treasurer)
b. Chief Executive Officer
c. Vice Mayor
2. The Finance Director may sign as the sole signatory
checks and other negotiable or non-negotiable instruments, and
other papers when the total of the financial obligation of any
such instrument is five hundred dollars or less, except for
payroll checks of the city, which shall be signed by two
signatures, actual or fascimile.
3. Any such instruments that have a financial obligation of
more than $500.00 shall require the actual manual signature of
two of the above listed three officials, and the signature of the
Vice-Mayor shall be allowed only in the absence or inability of
Finance Director or the Chief Executive Officer to affix his or
her signature.
SECTION II
This Resolution shall be effective immediately upon passage
by the City Council and shall repeal Resolution R-84-14B.
L~ ~e~arris, Mayor
-~- .-- Kathryn~. Benjamin~
..-...- _ City Clerk
I HEREBY CE~RTIFY that~his Resolution was passed by the City
Council on the. J day of ~-~ , 1987.
Kathry~ M~ Behjam~, City C1;rk
Approved as to Form and Content:
~ity Attorney
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