(a) The resources of the City in depository accounts, which have been duly authorized and are maintained by the City, may be withdrawn from such accounts by checks and/or other instruments issued in the name of the Municipality upon any two of the signatures of the Mayor, the Director of Finance and a designated secretary in the Finance Department.
(b) Checks and/or other instruments issued in the name of the City over the mechanical signatures of any two persons including the Mayor, the Director of Finance and a designated secretary in the Finance Department are authorized, and any depository shall recognize as the signature of such authorized signer, the facsimile of such authorized signer in every instance where the same may appear purporting to be drawn or issued on behalf of the City and whenever the mechanical signature on any check or draft shall correspond to or resemble the facsimile specimen certified to any depository by the City, and to pay, honor or certify any checks or drafts bearing such facsimile signatures.
(c) Any depository of the funds of the City, as a transfer agent for the City and in reliance on the accuracy and sufficiency of written and/or verbal instructions of the Mayor or the Director of Finance, may act to implement transmission of City funds by bank wire to any other financial institution for the account of the City or to the account of any other person, firm or corporation without inquiry as to the circumstances of the transfer and to charge the City's account therefor.
(Ord. 85-7. Passed 1-7-85.)