Body: Council Type: By-law Meeting: Regular Date: 2022 Collection: By-laws Municipality: South Frontenac
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Document Text
TOWNSHIP OF SOUTH FRONTENAC BY—LAW2022-43 A BY-LAW TO PROVIDE FOR THE APPOINTMENT OF BANKING SIGNING AUTHORITIES WHEREAS section 11(2) of the Municipal Act, 2001, c. 25 as amended, provides a municipality with authority to pass by—|aws regarding the financial management of the municipality; AND WHEREAS section 23.1 of the Municipal Act, 2001, authorizes the municipality to delegate its powers and duties under the Municipal Act, 2001, subject to certain requirements; AND WHEREAS the Corporation of the Township of South Frontenac requires that in addition to the Treasurer, certain other employees of the Township be designated to sign cheques, authorize electronic funds transfers and other banking transactions in order to ensure efficient processing of funds; AND WHEREAS section 287 of the Municipal Act, 2001, authorizes the municipality to provide that the signatures may be mechanically or electronically reproduced; NOW THEREFORE the Council of the Corporation of the Township of South Frontenac enacts as follows: 1.
THAT the authorized banking signing officers on behalf of the Corporation are: (i) (ii) (iii) (iv) (v) (vi)
the Mayor the Chief Administrative Officerl Deputy Clerk the Director of Corporate Services & Treasurer the Deputy Treasurer the Clerk the Finance Supervisor
THAT payments whether electronic or by cheque must be authorized by two (2) banking signing of?cers with, at a minimum, authorization from one of the following of?cers: (i) (ii) (iii)
the Chief Administrative Of?cerl Deputy Clerk the Director of Corporate Services & Treasurer the Deputy Treasurer
That utilities and fixed lease providers where payments are processed through pre—authorized payment be excluded from the requirement of two (2) signing officers.
That bank transfers between Township bank accounts with supporting documentation only require a single approval and be processed by: (i) (ii) iii)
the Director of Corporate Services & Treasurer, the Deputy Treasurer, or the Finance Supervisor
This by—lawshall come into force and take effect on the day of passing and;
That By-law 2019-39 be repealed.
Dated at the Township of South Frontenac this 17”‘ day of May, 2022. Read a first and second time this 17"‘ day of May, 2022. Read a third time and finally passed
this 17”‘ day of May, 2022.
THE CORPORATION OF THE TOWNSHIP OF SOUTH FRONTENAC
/¢H/ Ron Vand wal, Mayor
42/
E
,
ks,Clerk AngelaMaddoc
