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Resolution 11-26 07/18/2011
CITY OF SPRINGFIELD, OREGON . RESOLUTION NO. 11- 26 A RESOLUTION DESIGNATING SIUSLAW BANK AS A DEPOSITORY OF THE DEPOSITOR RESOLVED, that Siuslaw 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 Siuslaw 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 2, 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. ATTEST: d ?- Mayor PROVED .€? AS TO FOP avlwx City Recorder DATE:1 ?...? OFF('' ? L'111, ?;I TURNEY 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. Authorized Signers Name . Title Signature © Robert J. Due FINANCE DIRECTOR Jeffrey R. Towery Jayne McMahan ASST. CITY MANAGER SENIOR MANAGEMENT ANALYST Attachment 2, Page 2 RESOLUTION NO. 11-26 N WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of the Depositor this day of 2011. ?. FINANCE DIRECTOR (Certi i ffice ) CITY MANAGER (Attest by one other officer) Attachment 2, Page 3 RESOLUTION NO. 11-26