HomeMy WebLinkAboutRESO 6352' ORIGINAL
RESOLUTION NO. 6352
RESOLUTION OF THE COUNCIL or--T"'""'H,...,,.E-C!T'i OF PALO
ALTO DESIGNATING SIGNATORIES ON ACCOUNTS
OF THE CITY H~LD BY CROCKER NATIONAL BANK
The Council of the City of Palo Alto does RESOLVE as follows:
RESOLVED, that the Crocker National Bank (Bank) is hereby selected
and designated as a depositary of funds of this organization and that
such deposit account or accounts be established and maintained by and
in the name of this organization and at such office or offices of the
Bank and upon and subject to such terms and con~itions as the Palo Alto
City Manager may from time to time agree upon with the Bank; and
FURTHER RESOLVED, that all checks, drafts, orders, receipts, and
other instruments dt'awn, accepted, or given by this organi.::ation for
payment from any such account or at any such off ice be signed on behalf
of this organization as indicated below:
By the following persons desi~nated by name or organizational
title and by group, viz. by any one of G~oup A for checks under
$1,000.00, or any one of Group A together with any one of Group B for
checks over $1,000.00.
Group
A
A
Title or Name
William Zaner
Mark R. Harris
Group
B
B
B
Title or Name
Ronald E. Garratt
Gordon B. Ford
Barbara P. Frembling
FURTHER RESOLVED, that the Bank may accept for deposit or
collection any check, draft, order, or other instrument for the payment
of money, whether or not endorsed in the name of this organization by
written or stamped endorsement and with or without designation or
signature of the person makiny such endorsement;
FURTHER RESOLVED, that the Bank be and hereby is requested and
authorized to honor, receive, certify, or pay any such check, draft,
order, receipt, or other instrument sign~d or endorsed in accordance
with the foregoing resolutions and the certification then in effect us
provided for in these resolutions, including any thereof presented for
negotiation, encashment, or payment by, or drawn or endorsed to the
personal order of, any person signing or endorsing the same;
FURTHER RESOLVED, that the City Clerk, or any Assistant City
Clerk, of this organization be and hereby is authorized and directed to
certify to the Bank that these resolutions have been duly adopted and
are in conformity with the articles of incorporation, charter, and
by-laws or other governing instrument of this organization, and ft
to certify to the Bank a copy of these resolutions, the names ana
specimen signatures of the present officers and other persons of this
organization authorized to sign as aforesaid, and the fact of any
change of the persons herein designated by title together with the name
and specimen signature of the successor1 and
FURTHER RESOLVED, that these resolutions a~d each such
certification shall remain in full force and effect, and the Bank is
authorized and requested to rely and act thereon and shall be
indemnified and saved harmless from all liability and loss incurred by
it in continuing to act in pursuance of these resolutions (even though
they may have been changed) until it shall receive at its office, or
offices if more than one, to which a certified copy of these
resolutions is delivered, either a certified c~py of a further
resolution of the Board of Directors amending or rescinding these
resolutions or a further certification as above provided for, as the
case may be, and the Rank is authorized to honor any instrument and
agreement signed by any new person in respect of whom it has received
any such certification as successor with the same force and effect as
if said new person were named in the foregoing resolutions.
INTRODUCED AND PASSED: February 25, 1985
AYES; Bechtel, Cobb, Fletcher, Klein, Levy, Renzel, Sutorius, ~ith~rspoon, Woolley
NOES: None
ABSTENTIONS: None
ABSENT: None
Cit
Sen City Attorney