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HomeMy WebLinkAbout1654CITY OF BREMERTON RESOLUTION NO. 1654 RESOLUTION AUTHORIZING CASH ACCOUNT WITH BACHE & CO. INCORPORATED G, C. YEADON, SR, I ...............................................................................................................................................City....Clerk..of.City..of ................. Bremerton ...................................................................................................................... , a corporation organized under the laws of Washington........................................................... ................................. , hereby certify that the following is a true and correct copy of a resolution duly adopted by the City Council of said corporation at a meeting duly called and held on the ...25th ............................day of June ,1975......, at which a quorum was present and that the said resolution has not been modeled or rescinded and is still in fulI force and effect: RESOLVED, that an account be opened by this corporation with BACHE & CO. INCORPORATED, (herein- after referred to as BACHE), members of the New York Stock Exchange, and of other stock exchanges, to purchase, sell, and/or deal in any and all stocks, bonds, Other securities and choses in action (including, but not exclusive]y, bentures, notes, scrips, participation certificates, rights, subscriptions, option warrants, when issued securities, certificates of deposit, choses in action, evidences of indebtedness, certificates of indebtedness, certificates of interest of any and every kind and nature whatsoever, secured or unsecured, whether represented by trust, participating and/or other certificates or otherwise), and that all orders and instructions, written or oral, upon said account be given by either the President, Secretary, Treasurer or Vice-President, of this corporation, and each of them is hereby authorized and directed to pur- chase and/or sell and/or deal in, through said BACHE on behalf of this corporation, any and all stocks, bonds, other securities, choses in action, that either of them may deem necessary or advisable for this corporation, for cash, and to make payment and to sign checks or drafts drawn upon the funds of the corporation, and also, for this corporation, to withdraw from the said BACHE from time to time, to deliver or accept delivery of, and/or to borrow and/or to endorse, and/or to direct the transfer of record title of, any and all stocks, bonds, other securities, choses in action, and/or assets or funds that may be carried by said BACHE for the account of this corporation, and FURTHER RESOLVED, that each of the aforesaid officers of this corporation, be and hereby is authorized and directed to execute and deliver on behalf of this corporation any customer's agreement required by BACHE, and to enter into, execute, and deliver, any and all other agreements, documents, releases and writings that may be required by said BACHE for the opening and/or continuing of said account in connection with any transactions relating to said account or to any securities, moneys or other property of the corporation, whether or not in said account, and FURTHER RESOLVED, that until BACHE shall receive due written notices of change or rescission of these resolu- tions, said BACHE may rely upon the authority contained in these resolutions as continuing fully effective, and the BACHE ma· rely upon any certified copy of resolutions, specimen signatures or other writings, signed on behalf of this corporation by any officer thereof; the acceptance of any other form of notice shah not constitute a waiver of this pro- vision, nor shall the fact that any person hereby empowered ceases to be an offcer or becomes an officer under some title, in any way affect the powers hereby conferred, until BACHE shall receive due wrkten notice of change or rescis- sion, as aforesaid, and FUTHER RESOLVED, that in the event of any change in the office or powers of persons hereby empowered, the secre- tary shall certify those changes to BACHE in writing, in the manner hereinabove specified, which notifcation, when received, shah be adequate both to terminate the powers of the person theretofore authorized, and to empower the per- sons thereby submitted, and FURTHER RESOLVED, that any and all orders and instructions heretofore given to said BACHE on behalf of this cor- poration by any officer of this corporation, are hereby in all respects ratified, construed and approved, and FURTHER RESOLVe, that the foregoing resolutions and the certificates actually furnished to BACHE by any officer of the corporation, be and they hereby are made irrevocable, and shall be fully effective as to any transactions for the account of the corporation notwithstanding that the account may have been temporarily closed or inactive, until writ- ten notice of the revocation thereof shall have been received by BACHE. I do further certify· that the following are the signatures and titles of the persons authorized and empowered to act on behalf of this corporation, pursuant to the foregoing resolutions; and this resolution does not conflict with the existing corporate charter (articles in corportation) and By-Laws. GLENN K. JARSTAD G.C. YEADON, SR. MAYOR CITY CLERK TREASURER RICHARD L. GOODPASTURE I do further certify that the said corporation is duly organized and existing, and has the power to take the action called for by the aforesaid resoutions. IN WITNESS WHEREOF, I have hereunto affixed my hand and the seal of the said corporation , this 25th day of June, 1975. (AFFIX CORPORATION SEAL G.C. YEADON, SR. HERE) CITY CLERK Print~ in