HomeMy WebLinkAbout85-119RESOLUTION NO. 85-119
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA DESIGNATING SECURITY PACIFIC
BANK AS THE DEPOSITORY FOR CITY OF SANTA ANA
FUNDS EFFECTIVE JANUARY 1, 1986, AND DESIG-
NATING SIGNATURES AUTHORIZED FOR THE
PURPOSE OF WITHDRAWAL OF SAID FUNDS
9/26/85
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,
SECURITY PACIFIC BANK, 890 No. Main Street, 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 January 1, lg86, and continuing for a term of two (2)
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 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 Treasure Division Supervisor of said city 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 pa~ 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 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 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 bear a specimen signature of the person designated as such
temporary agent, and shall be delivered to said bank.
RESOLUTION NO. 85-119
PAGE TWO
6. A certified copy of this Resolution, together with the signatures
of the two agents herein authorized to act in manual form and a copy of
the facsimile signature machine-imprint of the Director of Finance,
certified by the Clerk of the Council to be the signatures of said
persons, and an imprint of the official facsimile signature plate, shall
be delivered to said bank before the first daY of January, 1986. Whenever
either or both of said agents leave the employment of the city, is absent
therefrom, or incapacitated for a period of time that will affect the
making of city checks, the Clerk of the Council shall notify said bank of
said fact and shall certify the names, titles, and signatures of the
persons then designated as agent(s) of the city for the purpose of signing
ci~ checks in the manner hereinabove provided and shall notify said bank
of eve~ termination of such authorization immediately upon receiving such
information.
ADOPTED this 14th day of October , 1985.
ATTE ST:
E C. GUY / f/
OF THE COUt(CIL (J
COUNCI LMEMBERS:
DAN GRISET, MAYOR
APPROVED AS TO FORM:
Griset A e
Johnson ~
Luxembourger Aye
Acosta Aye
McGuigan Aye
Young Aye
Hart Absent