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Resolution 04696Mi 411 RESOLUTION NO. ) 696 RESCINDING RESOLUTION NO. 4633 AND CREATING A IEW FUND TO BE KNOWN AS "CITY EMPLOYEES PAY ROLL FUND" AND AUTHORIZING THE OPENING Of" AN ACCOUNT WITH AMERICAN TRUST CCMPANY, SAID ACCOUNT TO BE KNOWN AS "CITY OF ALAMEDA PAY ROLL ACCOUNT" WHEREAS,, the City Auditor has recoTmnended to this Council that the method and mechanics of paying City employee salaries be altered and changed; and WHEREAS., said recommendation is based on the premise that such changes will conserve time and labor in the offices of the City Auditor and City Treasurer and provide a more efficient method of meeting pay roll demands; and WHEREAS, the Council has been fully advised in the premises and is of the opinion that the best interests of the City will be served by the adoption of the Auditor's recommendation in this matter: NOW THEEEFORE, aE IT RESOLVED BY THE COUNCIL OF THE CITY OF ALAMEDA: 1. That there be and there is hereby created a new City fund to be known as "City Employees Pay Roll Fund",, into which fund shall be transferred from the several funs affected, semi-monthly, sufficient moneys to meet current pay roll. demands, and from which fund shall be paid all. salaries becoming due employees of the City of Alameda, 2. That the Auditor and Treasurer be, and they are hereby, authorized to make to said fund all transfers from other affected. City funds necessary to meet the City Pay Rolls, as payment thereof becomes due. 3. That the Auditor and the Treasurer be., and they are hereby authorized., on behalf of the City of Alameda, to open with American Trust Comrany, Alameda, an account to be known as "City of Alameda Pay Roll Acco-tuit" and to deposit City moneys in and to jointly draw City checks af7ainst said account for the purposes of making, pnyinents of salaries becoming due employees of the City of Alaneda and collecting salary deduction items for payment into the proper funds. BE IT FURTH1.{�R RESOLVED that Resolution No. 4633 adopted by the Council of the City of Alameda on July 1, 1952, is hereby rescinded. M -V I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly introduced and adopted by the Council of the City of Alameda in regular meeting assembled on the 6th day of January, 1953, by the followiu,g vote., to wit: AYES: Councilmen Anderson, Branscheid, Sweeney and -President Osborn, ().). NOES: None. ABSENT: Councilman Jones, (1). I IN `,ITNESS) W1-1E,1F--,ECF, I have laereunto set my h-:,Und and affixed the official seal of said City this 7th day of January, 1953. (SE"iL) STIIIFZLEY H. TENNIER City Clerk-77—the ' City of Alameda I hereby certify that the foregroing is a full., true and correct copy of "Resolution No, 1 696, RESCINDING RESOLUTION NC- 4633 AND CREATING A 1WW FUND TO BE KNOWN AS "CITY EMPLOYIEES PAY ROLL FUND" AND AUTHORIZING TIM OPENIING OF AN ACCOUNT ',,=H AMR iICAN TRUST COMPANY, SAID ACCOUNT TO 13E KN0!,,JTN AS "CITY OF ALAMEDA PAY ROLL ACCOUNT", introduced and, adopted by the Council on the 6th day of Jantuary, 1953. City Clerk of th6, 6 , ity of Alameda