93-049 - Laserfiche WebLink

Home Browse Search

569 RESOLUTION NO. 93-049 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA DESIGNATING UNION BANK AS THE DEPOSITORY FOR CITY OF SANTA ANA FUNDS, EFFECTIVE JULY 1, 1993, 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, UNION BANK, 1075 N. Main St., Santa Ana, California, 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 July 1, 1993, and continuing for a term of three (3) years, with the option to renew for an additional two years unless sooner terminated. 2. The Executive Director of Finance and Management Services 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 withdrawal of said funds so deposited, both by facsimile signature machine-imprinted upon city checks and by his manually affixed signature upon city checks. 3. The Treasury Manager of said city is hereby authorized for and on behalf of said city, and as agent of said city and a deputy of the Executive Director of Finance and Management Services to sign city of Santa Ana checks for the withdrawal of said funds so deposited by her manually affixed signature thereon. 4. Said bank is hereby authorized and directed to pay out from said city funds to the payees respectively designated 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 designate in writing an agent or agents who shall then be authorized to sign city checks for the p~¥ment or withdrawal of said funds. Any such authorization shall seu 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 certification of the Clerk of the Council of the City of Santa Ana over the official seal of the City of Santa Aha certifying that said authorization is, in fact, signed by the qualified and acting City Manager, shall be a specimen signature of the person designated as such temporary agent, and shall be delivered to said bank.