HomeMy WebLinkAboutReso 94-069 - Approve & Authorize the City Treasurer to sign the facsmile signature agreement with First Interstate Bank of California on account No. 672-0-98038, COR workers comp fund '94 RESOLUTION NO. 94- 107
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND AUTHORIZING THE CITY TREASURER TO SIGN THE
FACSIMILE SIGNATURE AGREEMENT WITH FIRST INTERSTATE BANK OF
CALIFORNIA ON ACCOUNT NO. 672-0-98038, CITY OF REDDING
WORKERS' COMPENSATION FUND ' 94.
IT IS HEREBY RESOLVED that the City Council of the City of
Redding hereby approves entering into the Facsimile Signature
Agreement with First Interstate Bank of California on Account No.
672-0-98038, City of Redding Workers' Compensation Fund ' 94, on
checks written in an amount less than $1,000 . A true copy of said
Agreement is attached hereto and incorporated herein by reference.
BE IT FURTHER RESOLVED that the City Treasurer of the City of
Redding is hereby authorized and directed to sign said Agreement on
behalf of the City of Redding; and that the City Clerk is hereby
authorized and directed to attest the signature of the City Treasurer
and to impress the official seal of the City of Redding thereto.
I HEREBY CERTIFY that the foregoing Resolution was introduced,
read, and adopted at a regular meeting of the City Council of the
City of Redding on the 5th day of April, 1994, by the following vote:
AYES: COUNCIL MEMBERS: Anderson, Kehoe, Moss and Arness
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dahl
ABSTAIN: COUNCIL MEMBERS: None
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CARL ARNESS, Mayor
City of Redding
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ATT ST: FORM APPROVED:
CONNIE STROHMAYER, ItyClerk ALL A. HAYSCity Attorney
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Accou o(s): 672098038
City of Redding Workers ' 0mpensation Fund ' 94
NAME OF CUSTOMER
FACSIMILE SIGNATURE AGREEMENT
First Interstate Bank of California ("Bank") and the Customer named above agree as follows:
1. Bank may honor checks,drafts and other orders for the payment of money drawn on Customer's above-described accounts when
the items bear or appear to bear the facsimile signature of any of the following persons:
PRINT NAME SIGNATURE FACSIMILE
DONALD J. PETERSEN
-IFA I N T N AME__ SIGNATURE FACSIMILE
PRINT NAME SIGNATURE FACSIMILE
2. Bank may honor and charge Customer for such items, regardless of by whom or by what means the actual or purported facsimile
signature has been made, provided the facsimile signature resembles the signature or the facsimile specimen which Customer has
filed with Bank.
3. Customer agrees to indemnify,defend and hold Bank harmless from and against any and all claims, loss,cost,damage, liability or
expense (collectively "claims"),which may arise from or in connection with Bank's honoring, or handling of,any check,draft or
other order of payment pursuant to this agreement,except for any claim which shall be proven to have arisen directly from Bank's
own gross negligence or willful misconduct. Customeragrees that Bank shall, in no event, be responsible for any direct,special,
consequential or speculative damages or claims.
4. All previous authorizations for the signing and honoring of checks, drafts or other orders for the payment of money drawn on
Bank by Customer are continued in full force and effect.
5. Bank may terminate this agreement at any time with or without cause or prior notice. The terms of this agreement shall survive
any such termination insofar as they shall apply to any check, draft or other order for payment drawn or presented to Bank prior
to such termination.
6. Customer may terminate this Agreement or remove any facsimile signature only by written notice delivered to Bank at each office
where Customer's accounts are maintained. Notice of termination shall be effective on the second Bank business day following
receipt.
7. This agreement shall be governed by,and construed in accordance with,the laws of the State of California, exclusive of its princi-
pals of conflicts of laws.
Dated: , 19 By
AUTHORIZED SIGNATURE
Title
CORPORATE CERTIFICATION
I certify that:
1 am the Secretary or Assistant Secretary of the Corporation named above;
The following resolution is a complete and accurate copy of a resolution duly adopted by the Corporation's
Board of Directors:
"RESOLVED: The President,any Vice President,the Secretary,
Assistant Secretary or Treasurer of this Corporation is authorized
to enter into Facsimile Signature Agreements with First Interstate
Bank of California on behalf of this Corporation. FURTHER
RESOLVED: This authorization is in addition to any other autho-
rizations in effect and shall remain in effect until First Interstate
Bank of California receives written notice of its revocation at each
office where this Corporation's accounts are maintained."
The resolution is now in full force and has not been revoked or changed in any way.
Dated: - 19
SIGNATURE OF SECRETARY OR ASSISTANT SECRETARY
Corporate Seal (Optional)
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MS-1490 (Rev. 3/87) See Reverse Side for Authorization By Partnership, Lodge, Society or Unincorporated Association.
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AUTHORIZATION
(By Partnership, Lodge, Society or
Unincorporated Association)
By signing below, you certify and agree that:
1. If Customer is a partnership, the persons signing below as partners constitute all of the general partners of the
partnership, and authorize the person signing on the reverse to enter into Facsimile Signature Agreements with
First Interstate Bank of California.
2. If Customer is a lodge, society or unincorporated association, the persons signing below are officers of Customer
and are authorized to enter into Facsimile Signature Agreements with First Interstate Bank of California.
3. This Authorization is in addition to any other authorizations in effect and shall remain in effect until First
Interstate Bank of California receives written notice of its revocation at each office where Customer's accounts
are maintained.
Dated: , 19
By: By:
PARTNER OR OFFICER PARTNER
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By: By:
PARTNER OR OFFICER PARTNER
By: By:
PARTNER PARTNER