HomeMy WebLinkAbout87-97
THE CORPORATION OF THE TCMN OF NE\'K:ASTLE
REPEALED BY q 7
BY.LAW ,X.~.:......
BY-LAW NUMBER 87- 97
being a by-law to authorize the establishment of Bank Accounts
WHEREAS the Council of the Corporation of the Town of Newcastle deem it
advisable to establish bank accounts in the name of the Corporation of the Town
of Newcastle.
NOW THEREFORE Be It Resolved That the Council of the Corporation of the Town of
Newcastle enacts as follows:
1. That the Treasurer of the Town of Newcastle is hereby authorized and
instructed to establish Bank Accounts in the name of the Corporation
of the Town of Newcastle with the following Chartered Banks of Canada:-
a) Canadian Imperial Bank of Corrmerce
Main Branch, Bowmanville, Ontario
b) Bank of Nova Scotia
Main Branch, Oshawa, Ontario
(Temporary Capital Account)
2. That the Mayor and the Treasurer or Deputy Treasurer are hereby authorized
for and in the name of the Corporation to sign, make, draw, accept, endorse
and deliver cheques, promissory notes, bills of exchange, orders for payment
of money and such agreements and instruments as may be necessary or useful
in connection with the operation of said accounts.
3. That the signatures of the Mayor and Treasurer on any cheques issued by the
Corporation may be written or engraved, lithographed, printed or otherwise
mechanically reproduced upon such cheques.
4. That the necessary banking resolutions and agreements respecting the
operation of accounts as may be amended from time to time be executed.
5. That By-law no. 74-16 be repealed.
BY-LAW read a first and second time this 11 th day of May 1987.
BY-LAW read a third time and finally passed this 11th day of May 1987.
Mayor
LLLJ~
Clerk