HomeMy WebLinkAboutReso - CC - 088-2001RESOLUTION NO. 88-2001
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME
DESIGNATING PERSONS AUTHORIZED TO ENTER INTO CUSTODY AGREEMENT
WITH BNY WESTERN TRUST COMPANY AND PERSONS AUTHORIZED TO ISSUE
INSTRUCTIONS UNDER THOSE CUSTODY AGREEMENTS
RESOLVED, by the City Council of the City of Burlingame:
WHEREAS, the City of Burlingame has entered into custody agreements with BNY
Western Trust Company as part of the City's investment and financing programs; and
WHEREAS, the persons designated to enter into those agreements and to issue instructions
regarding the agreements should be updated,
NOW, THEREFORE, IT IS RESOLVED AND ORDERED:
1. The City Treasurer whose name appears below, acting alone, be and hereby is authorized
and empowered to enter into a Custody Agreement substantially in the form attached hereto with
such changes thereto as the person executing the same shall deem advisable with the approval as to
form of the City Attorney. The execution of such Agreement by such person to be conclusive
evidence of such approval.
Name: Title:
Rahn A. Becker Treasurer
2. Any one of the following persons, acting alone, be and hereby is authorized from time to
time to designate in writing to BNY Western Trust Company those officers, employees and other
agents of this organization who will be authorized issue instructions under such Agreement,
including, without limitation, with respect to the deposit or withdrawal of cash and deposit,
withdrawal, purchase or sale of securities and other property without limitation as to priced, items or
conditions and otherwise deal therewith, all pursuant to the provisions of such Custody agreement:
Name: Title:
Rahn A. Becker Treasurer
James N. Nantell City Manager
3. Notice of any change in this resolution shall be communicated in writing to NY Western
Trust Company, and until BNY Western Trust Company has a re a ueh otice, itis
authorized to act pursuant to these resolutions. /%al � �/
I, ANN T. MUSSO, City Clerk of the City of Burlingame, do hereby certify that the foregoing
resolution was introduced at a regular meeting of the City Council held on the 20 day of AUGUST ,
2001, and was adopted thereafter by the following vote:
AYES: COUNCILMEMBERS: COFFEY, GALLIGAN, JANNEY, O'HAHONY, SPINELLI
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
CITY CLERK
2