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<br />June 19, 2006 - Regular Meeting <br /> <br />Page <br /> <br />658 <br /> <br />PURPOSE OF REQUEST: <br />damage to compactor. <br /> <br />Appropriate funds for rental equipment due to fire <br /> <br />Account No. <br />27064610-6648 <br />Landfill Tipping <br />27094610-9401 $13,000.00 <br />Building & Equipment Rental <br /> <br />Present <br />Approved Budget <br />$1,295,730.00 <br />Fees <br /> <br />Increase <br />$20,000.00 <br /> <br />Decrease <br /> <br />Revised Budget <br />$1,315,730.00 <br /> <br />$20,000.00 <br /> <br />$33,000.00 <br /> <br />(F-30) Cash Management (Banking) Services <br />Resolution) <br /> <br />First Charter (Corporate <br /> <br />On April 17, 2006, the Board of Commissioners chose First Charter for <br />the County's banking services for the period July 1, 2006 through June 30, <br />2011. A standard Corporate Resolution was approved by the Board on April 17, <br />2006. It has been determined that each account opened at First Charter <br />requires a separate Corporate Resolution. <br /> <br />UPON MOTION of Commissioner Privette, seconded by Commissioner <br />Carpenter and unanimously carried, the Board approved a Corporate Resolution <br />to establish separate bank accounts for the following accounts: General <br />Operating (Resolution No. 2006-20), Payroll (Resolution NO. 2006-21) and ACH <br />(Resolution No. 2006-22). The Corporate Resolution as adopted for each of <br />the accounts is as follows: <br /> <br />CORPORATE AUTHORIZATION RESOLUTION <br /> <br />First Charter> <br />Professional & Executive Banking <br />845 Church St. N <br />Suite 305 <br />Concord, NC 28025 <br /> <br />By: County of Cabarrus** <br />65 Church Street SE <br />Concord, NC 28025 <br /> <br />*Referred to in this document as "Financial Institution" <br />**Referred to in this document as "Corporation" <br /> <br />I, Frankie F. Bonds, certify that I am Secretary (clerk) of the above named <br />corporation organized under the laws of North Carolina, Federal Employer I.n. <br />Number 56-6000281, engaged in business under the trade name of Cabarrus <br />County, and that the resolutions on this document are a correct copy of the <br />resolutions adopted at a meeting of the Board of Directors of the Corporation <br />duly and properly called and held on June 19, 2006. These resolutions appear <br />in the minutes of this meeting and have not been rescinded or modified. <br /> <br />AGENTS: Any Agent listed below, subject to any written limitations, is <br />authorized to exercise the powers granted as indicated below: <br /> <br />Name and Title of position <br />A. Pamela S. Dubois, Deputy Co. Manager <br />B. Robert W. Carruth, <br />Chairman, Bd. of Commissioners <br />C. Susan B. Fearrington, Asst. Finance nir. <br />D. Shelley B. Farris, Acct. Op. Supervisor <br />E. Margaret R. Burnette, Accountant <br /> <br />Signature <br />/s/ Pamela S. Dubois <br /> <br />/s/ Robert W. Carruth <br />/s/ Susan B. Fearrington <br />/s/ Shelley B. Farris <br />/s/ Margaret R. Burnette <br /> <br />POWERS GRANTED (Attach one or more Agents to each power by placing the letter <br />corresponding to their name in the area before each power. Following each <br />power indicate the number of Agent signatures required to exercise the <br />power. ) <br /> <br />Indicate Indicate <br /> Number of <br />A, B, C Description of Power Signatures <br />and/or D Required <br /> (1) Exercise all of the powers listed in this 1 <br />A, C resolution <br /> (2) Open any deposit or share account(s) in the 1 <br />A, C name of the corporation. <br /> (3) Endorse checks and orders for the payment <br /> of money or otherwise withdraw or transfer 2 <br />A, B funds deposit with this Financial <br /> on <br /> Institution <br /> (4) Borrow money on behalf and in the name of 1 <br />A the Corporation, sign, execute, and deliver <br />