HomeMy WebLinkAboutReso - CC - 024-1978RESOLUTION NO. 24-78
DESIGNATING CROCKER NATIONAL BANK AS A
DEPOSITARY OF FUNDS, CITY OF BURLINGAME
"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 conditions as
the Treasurer may from time to time agree upon with the Bank; and
"FURTHER RESOLVED, that all checks drafts, orders, receipts, and other instruments drawn, accepted, or given
by this organization for payment from any such account or at any such office be signed on behalf of this organization
as indicated below: (complete one)
W By any 7 of the following persons designated by name or organizational title, viz.: under $5,000.00:
Herbert L. Sommer
TITLE OR NAME
Ruth Cable
TITLE OR NAME
Dennis J. Argyres
TITLE OR NAME
Evelyn H. Hill
TITLE OR NAME
Charles F. Schwalm
TITLE OR NAME
® By the following persons designated by name or organizational title and by group, viz. by any two of Group A,
or any one of Group A together with any one of Group B: over
$5,000.00:
A
Herbert L. Sommer
A
Evelyn H. Hill
GROUP
TITLE OR NAME
GROUP
TITLE OR NAME
A
Ruth Cable
A
Charles F. Schwalm
GROUP
TITLE OR NAME
GROUP
TITLE OR NAME
A
Dennis J. Argyres
GROUP
TITLE OR NAME
GROUP
TITLE OR NAME
"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 making 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 signed or endorsed in accordance with the foregoing
resolutions and the certification then in effect as 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 Secretary, or any Assistant Secretary, 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 further
to certify to the Bank a copy of these resolutions, the names and 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 successor; and
"FURTHER RESOLVED, that these resolutions and 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 copy 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 Bank 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."
I, EVELYN H. HILL, City Clerk, do
hereby certify that the foregoing
resolution was introduced at a regular meeting of the City Council held
on the 1st day of May, 1978, and was adopted thereafter by the
following vote:
AYES: COUNCILMEN: Amstrup-Barton-Crosby-Mangini
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Martin
ty Clerk
Au,wJUNT AGREEMENT - ORGANIZA,--.JN
(CORPORATION, UNINCORPORATED ASSOCIATION, PARTNERSHIP, JOINT VENTURE)
CITY OF BURLINGAME (General Account) 1184750007
KIND OF ACCOUNT
CHECKING ACCOUNT, REGULAR
❑ TIME DEPOSIT. OPEN ACCOUNT
(BONUS PASSBOOK); MATURITY:
❑ SAVINGS ACCOUNT, REGULAR
MUNICIPALITY NATURE OF ACCOUNT
❑ CORPORATION ❑ PARTNERSHIP, GENERAL
❑ UNINCORPORATED ASSOCIATION ❑ PARTNERSHIP, LIMITED
❑ CORPORATE FIDUCIARY ❑ JOINT VENTURE
❑ CONTROLLED, Subjectto:
This undersigned organization (corporation, unincorporated association, partnership, or joint venture as specified above)
agrees with the CROCKER NATIONAL BANK as follows:
This account and all deposits therein shall be of the kind and nature indicated above, and subject to all applicable laws and
to the Bank's present and future by-laws, rules, regulations, practices, and charges.
The Bank may honor, receive, certify, or pay all checks, drafts, orders, receipts, and other instruments drawn, accepted, or
given by the undersigned for payment from the account or at the Bank when, if designated "Corporation", "Unincorporated
Association", or "Corporate Fiduciary", signed by such persons as the directors of the corporation or the directors, officers, or
trustees of the association may authorize and the secretary or other authorized person may certify to the Bank from time to time;
and, if designated "Partnership" or "Joint Venture", signed by such persons as the undersigned may certify. to the Bank from time
to time.
The Bank may (a) accept for deposit or collection any check or other instrument payable to the organization, the
undersigned, cash, or bearer, whether or not endorsed by written or stamped endorsement with or without designation or signature
of the person making the endorsement; or cash any such check or instrument if endorsed in the same manner as is authorized for
signing on the account; (b) at the organization's risk (1) mail or deliver statements and related items to the organization, (2) hold
or otherwise dispose of them as requested by the undersigned, and (3) if "Will Call" is specified in any said signature certification,
hold them until called for by any one authorized to sign on the account; (c) if given conflicting certifications or demands, either
deposit the balance in court or withhold payment from the account pending the joint order or receipt of all parties or an
appropriate court order determining those authorized to sign; and (d) without notice or demand apply or set off any balance in
the account against any obligation of the organization to the Bank when due.
If the account is designated (a) "Savings", the undersigned warrants that it is entitled to maintain a savings account under
Regulation Q of the Board of Governors of the Federal Reserve System and that the Bank may require 30 days' written notice of
an intended withdrawal; (b) "Time Deposit, Open Account", funds are to remain on deposit until, and may not be withdrawn
before, the above -stated maturity; (c) "Partnership" or Joint Venture", those signing below certify that they are all of the general
partners or joint venturers thereof; if the organization is doing business under a fictitious name it warrants that it has title to and
right to use the same and has complied with all requirements for using or doing business under that name and that the Bank may
accept for deposit, collection, or encashment any instrument payable to or endorsed in that name; (d) "Controlled", the Bank
may require appropriate additional authorization to pay monies from the account.
The "undersigned" means, as the case may be, the �Poxaatl , assso Vration, or an j signing
C y general partner or joint venturer si nin
below.
April 18 1978
.................................................
(SEAL)
(If none, so state)
.................................
05-30S(6-73)
HERBERT L. SOMMER, City Treasurer