HomeMy WebLinkAboutReso - CC - 024-1985RESOLUTION NO. 96-85
RESOLUTION AUTHORIZING SIGNATURES ON CITY CHECKS
AND DRAFTS
RESOLVED, by the CITY COUNCIL of the CITY OF
BURLINGAME that:
Funds of this corporation be deposited in FIRST
INTERSTATE BANK OF CALIFORNIA subject to the terms of the signatur
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;
Group "A" 1. Herbert L. Sommer or 2. Dennis Argyres
or 3. Rahn A. Becker or 4. Judith A. Malfatti
or any TWO from Group B for checks over $5,000.00;
Group "B" 1. Herbert L. Sommer or
2. Dennis Argyres or
3. Rahn A. Becker or
4. Judith A. Malfatti or
5. Teri Lee Lawler
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 accord-
ance 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
2/27/85 11 -1-
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.
If not called for within thirty (30) days, Bank is authorized to
mail statements.
Mayor
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
4th day of March 1985, and was adopted there-
after by the following vote:
AYES: COUNCILMEN: AMSTRUP, BARTON, MANGINI, MARTIN, PAGLIARO
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMEN: NONE
-2-
City Clerk