79-171 - Laserfiche WebLink

Home Browse Search

KLG:ar 9/26/79 RESOLUTION NO. 79-171 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA DESIGNATING BANK OF AMERICA, N.A., AS THE DEPOSITORY FOR CITY OF SANTA ANA FUNDS EFFECTIVE JANUARY 1, 1980, AND DESIGNATING SIGNATURES AUTHORIZED FOR THE PURPOSE OF WITHDRAWAL OF SAID FUNDS BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA: 1. Heretofore the City Council of the City of Santa Ana has declared a policy of designating a bank in the city to act as depository for the demand deposits of city funds and, conforming to said expressed policy, Bank of America, N.A., 801 North Main Street, is hereby designated as the banking institution to receive and act as depository for Santa Ana city funds and trust funds in the control of said city beginning January 1, 1980, and continuing for a term of two years, unless sooner terminated. 2. The Director of Finance of said city is hereby authorized for and on behalf of said city, and as its officer and agent, to sign City of Santa Ana checks for the with- drawal of said funds so deposited, both by facsimile signa- ture machine-imprinted upon city checks and by his manually affixed signature upon city checks. 3. The Senior Accountant is hereby authorized for and on behalf of said city, and as an agent of said city and a deputy of the Director of Finance, to sign City of Santa Ana checks for the withdrawal of said funds so deposited by his manually affixed signature thereon. 4. Said bank is hereby authorized and directed to pay out from said city funds to the payees respectively desig- nated on any city checks, signed in the manner and by either of the persons hereinabove authorized, in the amounts shown on the face of said checks, respectively. 5. When, because of physical absence, incapacity or death of either or both of said agents it may be necessary on a temporary basis to provide otherwise for the signing of city checks, the City Manager is hereby authorized to desig- nate in writing an agent or agents who shall then be author- ized to sign city checks for the payment or withdrawal of said funds. Any such authorization shall set forth the necessity for the designation, the period of time during which said authorization shall continue, by giving the exact starting and terminating dates, and shall contain the certifi- cation of the Clerk of the Council of the City of Santa Ana over the official seal of the City of Santa Ana certifying that said authorization is, in fact, signed by the qualified and acting City Manager, shall bear a specimen signature of the person designated as such temporary agent, and shall be delivered to said bank. 6. A certified copy of this Resolution, together with the signatures of the two agents herein authorized to act