The Town of Kenansville is hereby authorized to honor drafts each month, drawn by and payable to the Town of Kenansville on the above account. This authority is to remain in effect until revoked by me in writing. I further agree that if any such draft be dishonored whether with our without cause and whether intentionally or inadvertently The Town of Kenansville shall be under no liability whatsoever.
Bank drafts are normally drafted on or immediately after the 20th of each month.