2016-001 Establishment of Road Fund Bank Account

Resolution  2016-001

Establishment of Road Fund Bank Account

WHEREAS, the State of Michigan Department of Transportation has deemed it a requirement that monies dedicated to road construction and maintenance be maintained in a separate and distinct Bank account and,

WHEREAS, the Fairgrove Village Council has determined it to be in the best interest of the Village of Fairgrove to establish an separate and distinct banking account for the purpose of tracking and identifying road funds, be it

RESOLVED that the village clerk is authorized and directed to establish a checking account with Chemical Bank and to deposit the specifically designated funds of the organization therein. The following individuals shall have authority to endorse and make deposits, sign checks, withdrawal funds, and otherwise operate the account on behalf of the organization:

Heidi Stark , Clerk                   _________________________

Bonnie Gray, Treasurer         _________________________

Thomas Wassa, President    _________________________

I certify that this resolution was adopted by this organization and is now in effect. I certify that the persons whose names, titles, and signatures appear above are authorized to establish accounts for this organization and operate each account. I certify that these signatures are genuine.

_________________________

Thomas Wassa

President

This is a true and accurate Resolution as passed by the Fairgrove Village Council, April 4, 2016

//Signed//

Heidi Stark

Village of Fairgrove Clerk

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