HomeMy WebLinkAboutRESO 6564• •
RESOLUTION NO. ..._.6~56_4 __ ~~~~
RESOLUTION OF THE COUNC!l OF THE CITY OF P~LO
fUTHORIZING SIGNATURES FOR A BANK ACC0UNT FOR THE
PALO ALTO EMPLOYBE'3 DENTAL PLAN AND
AUTHORIZI~G CER~AIN PROCEDURES
ALTO
CITY OF
WHEREAS, the City of Palo Alto is a municipal corporation duly
organized and operating under a charter pursuan~ to the constitution
and laws of the State of California;
N~!, THEREFORE, the Council of the City of Palo Alto does hersby
RESOLVE as follows:
SECTION 1. That the Crccker National Bank (Bank) is hereby
selected and designated as a depositar~ of funds of this organization
and that such deposit account or accounts be establi~hed und
maintained by and in the name of this organization and at such office
or offices of the Bank and upon and subject t~ such terms and
conditions ~s the City of Palo Altc may from time to time agree upon
with the Bank1 and
SECTION 2. That all checks, drafts, orders, receipts, and other
instruments drawn, accepted or give~ by this o~ganization for ~dyment
from any such accou~t or at any such off ice be signed on behalf of
this organization by the following persons designated by name or
organizational title and by group, viz. by any r~~ of Group A or if
over $1,000, any one of G~oup A together with any one of Group B:
GROUP A
Clifford R. Wiesner
Mark D. Wiesner
GROUP S
Mark R. Harris, Dir. of Finance
Ronald E. Garratt, Mgr. of Acctng. C.a. Pascual, Sr. Accountant
SECTION 3. That the Bank may accept for deposit or collection
any check, draft, order, or other instrument for the payment of money
whether or not endorsed in the name of this organization by ~ritten or
stamped endorsement and with or without designation or signature of
the per$on making such endorsement;
SECTION 4. That the Ban~ be and hereby is requested and
authorized to honor, receive, certify or pay any such check, dratt,
or, receipt ~r other instrument signed or endorsed in acc~rdance with
the fort oin~ resolutions and the certification then in effect as
provided for in these resolutions, including any thereof presented for
negotiation, encashment, or p4yment by, or drawn or endorsed to the
personaJ ordlr of any person signing or endorsing the same;
SECTI0N 5. That the City Cl~~k, or any Assistant City Clerk c
this organ{z~tion be and hereby is authorized and directed to certiL
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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 governing instrument
of this organization and further to certify to the Bank a copy of
these resolutions, tha namea ahd sp~cimen signatures of the p~esent
officers ar.d other persons of this organization authorized to sign as
aforesaid, and the fact of any change of the persons herein designated
by title togethe~ with the na~~ and specimen signature of the
successor1 and
SECTION 6. That these resolut~.ons and each such certification
shall ~ema1n in full force and effect, and the Bank is authorized and
requested to rely and a~t thereon and shall be indemnified and ~aved
harmless from all lia~ility and loss incurred by it in continuing co
act in pursuance of these resolutions (even though they may have been
changed} until it shall receive at its office, vr of fices if more than
one, to which a certified copy of these resolutions is delivered,
either a certifie1 copy of a further resolution ~f the City Council
amending or rescinding these resolutions or a further certification as
above provided for, as the case may be; and the Bank is authorized to
honor any instrument and agreement signed by any new persun in respect
ot whom it has received any new certification as successor wi~a the
same force and effect as if said new person were named in the
foregoing resolutions.
INTRODUCED AND PASSED: October 6, 1986
~YES: Bec.'ite 1 ~ Cobh, Fl etcher, Kl~; n, Levy, Pat i tu cc ·i , Renze 1 ,
Sutorius, Woolley
NOES: None
ABSTENTIONS; NGne
ABSENT: None
M yor
APPROVED AS TO FORM:
aLLd~ City Attorn~y
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