[HISTORY: Adopted by the Commissioners of the Town of Princess Anne 12-4-1991
as Ch. II, Art 4 of the 1991 Code. Amendments noted where applicable.]
The Peninsula Bank is hereby designated as a depository of the President
and Commissioners of Princess Anne, and bonds of said municipal corporation
deposited with this bank shall be subject to withdrawal upon check or other
instrument of whatsoever nature for the withdrawal of funds when signed and
countersigned, on behalf of said municipal corporation, by any two of the
following; provided, however, that all checks shall be signed by at least
one Commissioner and one staff member before issuance:
The bank is hereby authorized, without inquiry, to honor and pay any
and all such checks or other instruments, whether drawn to the individual
order of any officer or officers signing the same or tendered in payment of
the individual obligation or deposited to the individual credit of any such
officer or officers or otherwise in any manner or for any purpose whatsoever.
The Town Bookkeeper of the Town of Princess Anne is hereby directed
to deliver to said bank a certified copy of this chapter, together with a
certificate setting forth the names and certifying the signatures of the respective
officers of the Town of Princess Anne.
The bank may recognize and deal with the officer whose name is set forth
in said certificate and otherwise act upon the authority of this chapter until
the receipt by said bank of a written notice to the contrary.
