HomeMy Public PortalAbout1985_10_23_R190The Town ofLeesburginVirginia
PRESENTED October 23, 1985
RESOLUTION NO. 85-190 ADOPTED October 23, 1985
A RESOLUTION: AUTHORIZING A WIRE TRANSFER AGREEMENT WITH SOVRAN BANK, N.A.
WHEREAS, the Town of Leesburg desires to enter into an agreement with
Sovran Bank, N.A. (hereinafter referred to as Bank) for the purpose of transferring
funds between accounts with the bank by wire, telex, book entry or other means
from deposit accounts of the town now or hereinafter maintained by the Bank; and
WHEREAS, such transfers are hereby authorized by those individuals authorized
to sign checks on behalf of the town as is specified in §2-83(d) of the Town Code.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The town manager shall execute a wire transfer agreement
with Sovran Bank, N.A. for the purpose of transferring funds by wire, telex,
book entry or other means between accounts held by the Bank for the Town of
Leesburg.
SECTION II. Upon written or oral (including telephonic) means the Bank
is authorized and directed to make wire transfers in accordance with the terms
of the wire transfer agreement upon the instruction of any such individual
authorized to sign town checks as specified in §2-83(d) of the Town Code.
SECTION III. The foregoing resolution shall remain and continue in full
force and effect until written notice of revocation or amendment has been
duly received by the Bank.
PASSED this 23rd
day of
October~
Robert E. Sevila, Mayor
Town of Leesburg
ATTEST:
cl~rk of C0u~il