HomeMy WebLinkAbout07 039 Federal Gas Tax Revenues Bank Account
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
NO. 2007 - 039
A BY-LAW TO AUTHORIZE THE ESTABLISHMENT OF A BANK ACCOUNT
AND THE APPOINTMENT OF SIGNING OFFICERS
WHEREAS pursuant to Section 286 (1) of the Municipal Act, 2001, R.S.O. 2001,
c. 25, as amended, a municipality shall appoint a treasurer who is responsible for
handling all of the financial affairs of the municipality on behalf of and in the
manner directed by the Council of the Municipality;
AND WHEREAS the Council for the Corporation of the Municipality of Kincardine
deems it necessary to establish a bank account in which to deposit funds
received for the credit of the Federal Gas Tax Revenues Reserve Fund;
NOW THEREFORE the Council for The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. A bank account is to be established with the Canadian Imperial Bank of
Commerce into which funds received for the credit of the Federal Gas Tax
Revenues Reserve Fund are to be deposited.
2. One of the Treasurer or the C.A.O. is hereby authorized to make inter
account transfers between this account and all other existing municipal
bank accounts.
3. This by-law shall come into full force and effect at the time of its passing.
4.
This by-law may be cited as the "Federal Gas Tax Revenues Bank
Account By-law".
READ a FIRST, SECOND and THIRD time and FINALLY PASSED this 4th day
of April, 2007.
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