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wSO�:keWCcE�.o CORPORATION OF THE TOWN OF NEWCASTLE
OFFICE OF THE TOWN CLERK
40 TEMPERANCE STREET TELEPHONE 623-3379
BOWMAN L1 C 3A6 ONTARIO
REPORT TO THE COUNCIL MEETING OF JUNE 25, 1984.
CD-42-84 - File: 10.57.99.
SUBJECT: NIGHT DEPOSITORY, CANADIAN IMPERIAL BANK OF COMMERCE
NEWCASTLE VILLAGE.
RECOMMENDATIONS:
1 . It is respectfully recommended that this report be received; and
2. That Council authorize the Mayor and Clerk to execute the documents
from the Canadian Imperial Bank of Commerce, Newcastle Village,
which will permit Community Services Recreation Staff to utilize
the wallet depository service.
BACKGROUND AND COMMENT:
On Friday, June 22nd 1984, staff were advised, that the Canadian Imperial
Bank of Commerce, Newcastle Village, would not permit staff of Community
Services, to utilize the wallet depository service without the execution
of documents by the Town's Signing Officers. The service is one which is
regularly used by recreation staff and is necessary in that it provides
protection to funds collected outside regular office or banking hours.
The wallet depository procedure has been used for years, however, this is
the first time that the bank has required execution of documents by other
than employees who regularly deposit and pick up the wallets.
Continued . . . . ./2
CD-42-84 - 2 - June 25, 1984
Because it is necessary to the continuing control of municipal funds, it
is recommended that Council approve the recommendation, authorizing the
Mayor and Clerk to execute the necessary documents.
Respectfully submitted,
David W. Oakes, B.A. , A.M.C.T. ,
Town Clerk.
DWO/ms
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