HomeMy WebLinkAboutResolution 11-25 07/18/2011CITY OF SPRINGFIELD, OREGON
RESOLUTION NO. 11- 25
A RESOLUTION DESIGNATING UMPQUA BANK AS A DEPOSITORY OF THE DEPOSITOR
RESOLVED, that Umpqua Bank 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 of the foregoing. Depositor
acknowledges and agrees that the services contemplated by this Resolution shall be governed by
the Umpqua Bank Customer Agreement for commercial deposit accounts, as amended from time.
RESOLVED, that checks, drafts or other orders for the payment, transfer or withdrawal of
any of the funds or other property of the 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 any one 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, including those payable to the individual order of
the 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 time hereafter,
upon a charge in the facts so certified, immediately certify to the Bank the names and signatures
(actual or facsimile) of the 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 o 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.
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.
Attachment 1, Page 1
ESOLVED, that the following are authorized, Authorized Signers, to sign or act on behalf of
the Depositor:
Robert J. Duey, Finance Director
Jeffrey R. Towery, Assistant City Manager
Jayne McMahan, Senior Management Analyst
Account Tax Identification Number: 93-600-2258
BE IT FURTHER RESOLVED that this Resolution shall take effect upon adoption by the
Council and approval by the Mayor.
Adopted by the Common Council of the City of Springfield, Oregon, by a vote of 6 for and 0
against, this 18thday of July, 2011.
Mayor
ATTEST:
REVIEWED APPROVED
A T® F®RM
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City Recorder
0 [SATE:
OFFICE OF CITY ATTORNEY
We 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.
We 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 the Resolution entitled Authorized Signers.
We 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.
CD # 3891607
CD # 3888354
Account Number: 910000769
Attachment 1, Page 2
RESOLUTION NO. 11-25
uthorized Signers
Name Title Signature
Robert J. Duey FINANCE DIRECTOR
Jeffrey R. Towers ASST. CITY MANAGER
Jayne McMahan SENIOR MANAGEMENT ANALYST
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of the Depositor
this day of , 2011.
0
(CertA
FINANCE DIRECTOR
CITY MANAGER
(Attesf by one other officer)
Attachment 1, Page 3
RESOLUTION NO. 11-25