(A) The Board may authorize any officer or officers, agent or agents, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Board, and the authority may be general or confined to specific instances.
(B) No loans shall be contracted on behalf of the Board and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Board. The authority shall be confined to specific instances.
(C) All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Board shall be signed by the officer or officers, agent or agents of the Board and in a manner as shall from time to time be determined by resolution of the Board.
(D) All funds of the Board not otherwise employed shall be deposited from time to time to the credit of the Board in the banks, trust companies or other depositories as the Board may select.
(Ord. 78-20, passed 11-17-78)