HomeMy WebLinkAbout1579 RESOLUTION NO. 1579
A Resolution authorizing signatures on Accounts at
the Pacific National Bank of Washington.
WHEREAS, it is necessary to authorize new signatures on Accounts at the
Pacific National Bank of Washington; NOW THEREFORE BE IT
RESOLVED the Pacific National Bank of Washington be and it is hereby
selected as a depository for funds of the City, and that such funds may be
withdrawn on the check, draft, certificate of deposit or withdrawal receipt
G.W. GALLAGHER, JR. ROBERT S. STEWART
CITY TREASURER COMMISSIONER OF FINANCE
whose authorized signatures are as set forth above. The authority hereby
conferred shall extend to and include authority of such persons to draw checks
DaVable to the order of any one or more of such persons or to bearer, or for
the use and benefit of any one or more of such persons, and to obtain payment
or credit on such checks, and to endorse and obtain payment or credit for
checks or drafts payable to the City of Bremerton as payee or endorsee, without
liabilityy on the part of the bank. It shall further extend to authorization
for such persons to enter into deposit agreements with Bank on behalf of the
Citv of Bremerton by the execution and delivery to Bank of Bank' s standard form
signature cards, such as may from time to time be in use by Bank. Endorsements
for deposit may be made by rubber stamp and shall bind the organization to the
same effect as those signed by the properly authorized persons. Bank is hereby
authorized to charge against the account of this organization, any checks,
drafts, or withdrawal receipts signed by person or persons authorized hereby
to do so which ape otherwise properly payable from the organization' s account
even though the charge creates or increases an overdraft, and notwithstanding
any other limitation heretofore or hereafter imposed upon such persons contracting
for indebtedness on behalf of the City of Bremerton.
FURTHER RESOLVED that a copy of these resolutions be transmitted to the bank,
and that Bank may rely upon the authorityconferred by these resolutions until
the actual receipt by Bank of written notice revoking or modifying the same.
RESOLUTION NO.
PG. 2
BE IT FURTHER RESOLVED that the authority hereby grated is in addition
to and not in substitution for that granted pursuant to previous resolutions
of the City of Bremennon relative to authorization for withdrawal of funds by
check, draft, certificate of deposit or withdrawal receipt of the City of
Bpemerton from the Bank or its Predecessors in interest, and all such previous
resolutions, if any, shall, absent separate written notice of revocation or
modification, continue and remain in full force and effect. All transactions
previously undertaken pursuant to such prior resolutions or as set forth herein
are hereby confirmed and ratified. "As used in these resolutions, the singular
shall include the plural and the masculine the feminine as the particular
situation of context may require."
PASSED by the City Council of the City of Bremerton, signed by the Mayor
and attested by the City Clerk in authentication of such passage this 9th day
of January, 1974.
GLENN K. JARSTAD, MAYOR
ATTEST:
G. C. YEADON, SR., CITY CLERK
CERTIFICATE
I, G. C. Yeadon, St., City Clerk of the City of Bremerton, Washington,
do hereby certify that the foregoing is a full, true, and correct copy of
Resolution No. 1579 duly adopted by the City Council of the City of Bremerton
at a meeting duly called and held in full compliance with the constitution
and bylaws of the City of Bremerton on the 9th day of January, 1974, at which
meeting, a quortm was present, and that the motion passed authorizing this
Resolution appears in the Minutes of the Meeting in the Minute Book of the
City Council of lthe City of Bremerton.
G. C. YEADON, SR., CITY CLERK