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Weyauwega council authorizes segregated non‑interest bank account for financing proceeds
Summary
The Common Council approved opening a non‑interest bearing account at Premier Community Bank to hold funds separate from the general account and required signatures from the Mayor and Council President.
The Common Council voted to open a non‑interest bearing account at Premier Community Bank to receive and hold funds separate from the city's general account.
The meeting record says, "A non-interest bearing account at Premier Community Bank will need to be opened for funds to be deposited into and kept separate from the general account. Signers will be the Mayor and Council President with both needing to sign. Motion Gunderson, second Gorchals, to approve opening a non-interest bearing account at Premier Community Bank. Motion carried with all 'ayes', zero 'nays'." The motion passed unanimously. The transcript does not identify the Council President by name.
The action establishes a segregated account and signature requirement; the transcript does not specify when the account must be opened or who will be designated Council President for signature purposes. The meeting adjourned at 5:34 p.m.
