HomeMy WebLinkAboutReso - CC - 050-1988RESOLUTION NO. 50-88
AUTHORIZING SIGNATURES ON CITY CHECKS
AMn nnAPTc
RESOLVED, by the CITY COUNCIL of the CITY OF BURLINGAME that:
Funds of this corporation be deposited in Bank of America subject
to the terms of the signature card, the rules of the Bank,
including all amendments or additions thereto, all applicable
laws and regulations and the practices of the Bank in force from
time to time, and all service charges now or hereafter
established, and that any ONE from Group A for checks under
$5,000.00. "A" 1. Joseph E. Harvey or; 2. Dennis Argyres or:
3. Rahn A. Becker or; 4. Judy A. Malfatti or; Linda Lee or any
TWO from Group B for checks over $5,000.00.
#1.
Joseph E. Harvey or
#4.
Judith A. Malfatti or
#2.
Dennis Argyres or
#5.
Teri Lee Lawler or
#3.
Rahn Becker or
#6.
Linda Lee
be and they are hereby authorized to sign checks, drafts or other
orders for and on behalf of this corporation, and that each of
them be and he is hereby authorized to endorse checks drafts and
other orders for and on behalf of this corporation for deposit,
encashment or otherwise, and said Bank is hereby authorized to
honor and pay on account any and all checks, drafts or other
orders signed and/or endorsed in accordance herewith, or if
presented unendorsed for deposit to this account, to supply the
required endorsement. This corporation agrees that any sums at
anytime in this account shall be subject to RIGHT OF OFFSET for
liabilities of this corporation to said Bank to the extent
legally permissible, and agrees further to pay said Bank on
demand the amount of any OVERDRAFTS on said account, and
ACKNOWLEDGES RECEIPT OF A COPY OF FIRST INTERSTATE BANK OF
CALIFORNIA'S CURRENT SCHEDULE OF ACCOUNT FEES AND RATES.
RESOLVED further, that Bank is authorized to:
HOLD all statements and vouchers until called for
for within thirty (30) days, Bank
statements.
. If not called
I, JUDITH A. MALFATTI, 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 16th day of
May 1988, and was adopted thereafter by the following
vote:
AYES:
COUNCILMEN:
NOES:
COUNCILMEN:
ABSENT:
COUNCILMEN:
AMSTRUP, BARTON, LEMBI, MANGINI, PAGLIARO
NONE
NONE
Dep ty
City Clerk