Municipal Resolution No. 2010-58

Republic of the Philippines
Province of Bohol
Municipality of Corella

THE TWELFTH SANGGUNIANG BAYAN

Municipal Resolution No. 2010-58

A RESOLUTION AUTHORIZING THE HON. JOSE NICANOR D. TOCMO, MUNICIPAL MAYOR, TO ENTER INTO AND SIGN A MEMORANDUM OF AGREEMENT WITH THE LAND BANK OF THE PHILIPPINES TAGBILARAN BRANCH THEREBY ALLOWING THE MUNICIPAL TREASURER TO ACCEPT CHECKS FOR SECOND ENDORSEMENT FOR DEPOSIT TO THE ACCOUNT OF THE MUNICIPALITY

WHEREAS, as provided for in RA 3844, it is an illegal act for any banking institution to accept second endorsed checks from its client whether it is a government instrumentality, a private corporation or any individual without first entering into a memorandum of agreement;

WHEREAS, the local government unit of Corella, Bohol desires to deposit second endorsed check of officials & employees of the municipality of Corella to be credited to its account with the Land Bank of the Philippines, Tagbilaran Branch;

WHEREFORE, BE IT RESOLVED, as it is hereby resolved, by the Twelfth Sangguniang Bayan of Corella, Bohol in session duly assembled-

To Authorize Hon. Jose Nicanor D. Tocmo, Municipal Mayor to enter into and sign a memorandum of agreement with the Land Bank of the Philippines, Tagbilaran Branch thereby allowing the Municipal Treasurer to accept checks for second endorsement for deposit to the account of the municipality

RESOLVED FURTHER, that copies hereof be sent to Hon. Jose Nicanor D. Tocmo, Municipal Mayor ,Corella, Bohol for his information, reference and guidance

RESOLVED FINALLY, that copies hereof be furnished the Manager, Land Bank of the Philippines, Tagbilaran Branch and Mrs. Peregrina B. Curayag, Municipal Treasurer of Corella, Bohol for their information, reference and guidance.

Approved: October 11, 2010

I hereby certify to the above quoted resolution.

RUTH C. BAUGBOG

SB Secretary Designate

Attested:

HON.DANILO D. BANDALA

SB Member/Presiding Officer

HON. GODOFREDO M. ADO HON. EDMUNDO B.TAJANTAJAN
SB Member SB Member
HON. MARIA ASUNCION B. DAQUIO HON. RICARDO T. APALE
SB Member SB Member
HON. D. HILARIO D. TOCMO HON. RESTITUTO L. DENQUE
SB Member SB Member
HON. PAUL T. ELLO HON. DAVE MARC N. REBUTA
SB Member SK Federated President
(Absent)
HON. VITO B. RAPAL
Municipal Vice Mayor

Municipal Resolution No. 2010-58

A RESOLUTION AUTHORIZING THE HON. JOSE NICANOR D. TOCMO, MUNICIPAL MAYOR, TO ENTER INTO AND SIGN A MEMORANDUM OF AGREEMENT WITH THE LAND BANK OF THE PHILIPPINES TAGBILARAN BRANCH THEREBY ALLOWING THE MUNICIPAL TREASURER TO ACCEPT CHECKS FOR SECOND ENDORSEMENT FOR DEPOSIT TO THE ACCOUNT OF THE MUNICIPALITY

4 visitors online now
3 guests, 1 bots, 0 members