HomeMy WebLinkAboutRESO 6563.. • •
RESOLUTION NO. 6563
RESOLUTION OF THE C?UNCILOF~T~H"""E,.......,C"""J'"""T='f~OF ?ALO ALTO
~UTBORIZING SIGNATURES FOR A BANK ACCOUNT FOR THE CIT1 OF
PALO ~LTO EM?LOYEE 'S HEAL':B PLAN AND
AUTHORIZING CERTAIN PROCEDURES
WHEREAS, the City of Palo Alto is a municipal corporation du~y
organized and operating under a charte~ pursuant to the constitut~on
ana laws of the State of California~
NOW', THEREFORE, the Council of the City of Palo Alto does hereby
RESOLVE as follows:
SECTIO~ 1. That the Crocker hational Bank (Bank) is hereby
selected and designated as a depositary of funds of this organization
and that such deposit account ~r accounts be established and
maintained by and in the naae of this o~ganization and at such office
or off ices of the Bank ar.d upon and subj~ct to such ~erms and
conditions as the City of Palo Alto may from time to time agree upon
with the Bank1 and
SECTION 2. That all chec~s, d~afts, orders, receipts, and other
instrumen~s drawn, accepted or given by this organization for pay~ent
from any such account or at any such off ice be signed on behalf of
this organiz~tion by the following persons designated by name or
organizational tit:e and by group, viz. by a.ly one of Group A or if
over $10,000, any one of Group A together with any one of Group B:
GROUP A
Clifford R. Wiesner
Mack D. Wiesner
GROUP B
Mark R, Harris, Dir. of Finance
Ronald E. Garratt, Mgr. of Acctng.
C.R. Pascual, Sr. Accountant
SECTION 3. That the Ban~ msy accept for deposit or collection
any check, draft, order: er other instrument for the pay~ent of money
whether or not endorsed in tha na•e of this organization by written or
sta•ped endorsement and with or without designation or signature of
tne person making such endorsement;
SECTION 4. That the Bank be and nereby is requested and
authorized to honor, receive, certify or pay any such check, draft,
or, receipt or other instruaent signed o~ endorsed in accordance with
the foregotng resolutions and the certification then in effect as
provid~ : tor in these resolutions, including any thereof pres~nted for
aegotiation, encashllent, or pafll•Ot ~y, or drawn or endorsed to the
personal order of any person signing or endorsing tha sa•e;
SECTION 5. That the City Clerk, or any Asais~.:.nt C'. ty Clet'k of
this organization be and hereby is authorized and directed to certify
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to the Bank that these resolutions have been duly adopted and are in
conformity with the charter and by-laws or other governiPg instrument
of this organization and further to ce~tify to the Bank a cc~y of
these resolutions, the names anJ specime~ si~natures of the present
officers and other persons of this organization authorized to sign as
aforesaid, and the fact of 3ny change of the parsons herein designated
by title together with the name and specimen sigr.ature of the
successor; and
SECTION 6. That these resolutions and each such certiflc~tion
shall remain in full force and effect, and t,he Bank is authorized and
requested to rely and act thereon and shall be indemnified 3nd saved
harml~ss from all liability and loss incurred by it in continJing to
act in pursuance of these resolutions (even though they may have been
changed} until it shall receive at its office, or of !ices if more than
one, to which a certified copy of these resolutions is delivered,
either a certified copy of a further resolution of the City Council
amP~~ing or rescinding these resolutions or a further ~ertification as
at. ..... 11e provided for, as the case may be; and the Bank is authorized to
honor any instrument and agreement signed by a~y new person in respect
of whom it has received any new certification as s~ccessor with the
same force and effect as if said new person were named in the
foregoing resolutions.
INTRODUCED il.ND PASSF.0; October 6, 1986
~YES: Rechtel, Cobb, Fletcher, Klein) Levy, Patitucci, Renzel,
~;.1tul"ius, Woolley
NOES: None
ABSTENTIONS: None
ABSENT: None
APPROVED AS TO FORM:
Mayor
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