HomeMy WebLinkAboutResolution 09-48 11/16/2009
RESOLUTION NO. 09-48
Acceptance
RESOLVED, that u.s. Bank National Association is hereby designated as a depository of the
Depositor with authority to accept or receive at any time for the credit of the Depositor deposits by
whomsoever made of funds and other property in whatever form or matter transferred to endorsed;
and that any officer of the Depositor is hereby authorized to open or cause to be opened one or more
accounts with the Bank on such terms, conditions and agreements as the Bank may now or hereafter
require and to make any other agreements deemed advisable in regard to any ofthe foregoing.
Depositor acknowledges and agrees that the services contemplated by this resolution shall be governed
by the u.s. Bank Customer Agreement for commercial deposit accounts, as amended from time to be
RESOLVED, that checks, drafts or other orders for the payment, transfer or withdrawal of any of the
funds or other property ofthe Depositor on deposit with the Bank shall be binding on the Depositor
when signed, manually or by the use of a facsimile or mechanical signature or otherwise authorized, by
anyone of the individuals listed on the section entitled "Authorized Signers", and the Bank is hereby
authorized to pay and charge to the account of the Depositor any such checks, drafts or other orders so
signed or otherwise authorized, includingthose payable to the individual order ofthe same person or
persons signing or otherwise authorizing the same and including also those payable to the Bank or to
any other person for application, or which are actually applied to the payment of any such indebtedness
owing the Bank from the person or persons who signed such checks, drafts or other withdrawal orders
or otherwise authorized such withdrawals. In particular, and not in limitation of foregoing, such persons
may authorize payment, transfer or withdrawal by oral or telephonic directions to the Bank complying
with such rules and regulations to such authorization as the Bank may communicate to the Depositor
from time to time.
RESOLVED, that the Finance Director hereby certifies to the Bank the names and signatures (either
actual or any form or forms of facsimile or mechanical signatures adopted by the person authorized to
sign) of the Authorized Signers listed below and shall from time to tome hereafter, upon a charge in the
facts so certified, immediately certify to the Bank the names and signatures (actual or facsimile) ofthe
persons then authorized to sign or to act. The Bank shall be fully protected in relying on such
certificates and on the obligation of the certifying officer (set forth above) to immediately certify to the
Bank any change in any facts so certified, and the Bank shall be indemnified and saved harmless by the
Depositor from any claims, demands, expenses, loss or damage resulting from or growing out of
honoring or relying 0 the signature of other authority (whether or not properly used and, in the case of
any facsimile signature, regardless of when or by whom or by what means such signature may have
been made or affixed) of any officer or person whose name and signature was so certified or refusing to
honor any signature or authority not so certified.
RESOLVED, that these resolutions shall continue in force until express written notice of their
recession or modification has been furnished to and received by the Bank; and
RESOLVED, that any and all transactions by or on behalf of the Depositor with the Bank prior to
the adoption of this resolution be the same hereby are, in all respects ratified, approved and confirmed.
I further certify that the officers of the Depositor signing the resolution, have, and at the time of
adoption said resolution had, full power and lawful authority to adopt the foregoing resolution and to
confer the powers therein granted to the persons named, and that such persons have full power to
exercise the same.
I further certify that the names, titles (if any) and signatures (actual or facsimile) of the persons
authorized to sign or act on behalf of the Depositor by its governing board identified above are as set
forth below in the section of this Resolution entitle Authorized Signers.
I further certify, under penalties of perjury, that the tax identification number shown above is
correct and that the Depositor is not subject to backup withholding because (a) it is exempt, (b) has not
been notified by the Internal Revenue Service (IRS) that it is subject to backup withholding as a result of
a failure to report all interest or dividends or (c) the IRS has notified the Depositor that it is no longer
subject to backup withholdings.
Approved by the Springfield City Council on November 16,: 2009 by a voteJof
6 for and 0 against.
Account Number: 1-536-9523-7666
Authorized Signers
Name
Title
Signature
Robert J. Duev
Jeffrey
-Jeff-ePf-R. Towerv
FINANCE DIRECTOR
ASST. CITY MANAGER
Sidnev W. Leiken
MAYOR
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixe the seal of the Depositor this
l ~ day of -1JoveJVlbey: 2009.
FINANCE DIRECTOR
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AS TO FORM \
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DATE: .J.L1JI] 0<=1
OFFICE OF CITY ATTORNEY
CITY MANAGER
(Attest by one other officer)
Attachment A