[Adopted 3-16-1959 by Ord. No. 171]
Western Pennsylvania National Bank be and it hereby is designated
as depositary of the funds to be derived by the Borough from the operation
of the sewer system which is to be leased by the Borough from the
Municipal Authority of the Borough of Baldwin, Allegheny County, Pennsylvania,
and is authorized to accept for deposit in an account to be known
as the "Sewer Revenue Account Fund" in the name of the Borough, subject
to clearance or collection, moneys, checks, drafts, notes, bills of
exchange, acceptances or other orders for the payment of moneys which
may at any time come into its possession with or without endorsement
thereof by the Borough, payment thereof to the depositary being hereby
guaranteed, and said depositary is authorized and directed to honor
and pay and to charge to the accounts of this Borough all checks,
drafts, bills of exchange, acceptances, notes or orders for the payment
of money withdrawn on or addressed to said depositary and signed on
behalf of this Borough by the following officers: President or Vice
President and Secretary and Treasurer, whether the same is payable
to the order of or in favor of the officer or person signing them
or to any of said officers in his individual capacity or otherwise.
The words used herein which are defined in the agreement of
lease, dated as of April 1, 1959, between the Municipal Authority
of the Borough of Baldwin, Allegheny County, Pennsylvania, and the
Borough of Baldwin are used meanings as so defined.
