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As the only bank in town (there’s a credit union, but they’ve only been here 10 years compared to our 100+), we handle the City’s accounts. In April, the secretary brought over a resolution to open a new checking account. The resolution authorized staff to open a checking account but didn’t list who was authorized to sign. I even emailed the secretary and asked for clarification, but she said it was fine. I drew up documents for the new account based on the last list of authorized signers we had.
I bet some of you can see where this is going already. The authorized signers changed at their first meeting of the year, back in January, but they didn’t bother to tell us at the bank. I wondered why it was taking so long for the signers to come in to sign the documents. Yesterday, the secretary came in with a new resolution listing who was authorized to sign the City’s accounts. So now I have to update the signature cards for all the City checking accounts, but that’s not a big deal. At least they’ll be right, now.
I bet some of you can see where this is going already. The authorized signers changed at their first meeting of the year, back in January, but they didn’t bother to tell us at the bank. I wondered why it was taking so long for the signers to come in to sign the documents. Yesterday, the secretary came in with a new resolution listing who was authorized to sign the City’s accounts. So now I have to update the signature cards for all the City checking accounts, but that’s not a big deal. At least they’ll be right, now.
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