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HomeMy WebLinkAbout849 RESOLUTi~i~N NO. 849 BE IT RESOLVED that PEOPLES NATIONAL BANK OF WASHINGTON be, and hereby is selected as a depository for the funds of the CITY OF BRi~fiERTON, a municipal corporation, and that a bank ac- count or accounts shall be opened and kept with said bank in the name of the CITY OF BRE~ERTON and that endorsements for deposits may be made by the written or stamped endorsement of the City without designation of the person making the endorsement. BE IT FURTHER RESOLVED that PEOPLES NATIONALB%NK OF WASHINGT0~ be, and it hereby is authorized to honor and pay checks or other orders for the payment of money drawn in the name of this City when signed by either RUTH C. C ULLIN, Commissioner of Finance and Accounting, or EDNA 0DDEN, Treasurer of s aid City, and/or when signed by their respective successors in office, and that said PEOPLES NATIONAL BANK OF WASHINGTON be, and it hereby is authorized and directed to honor, pay and charge to any or all of the above designated accounts of this City (for said purpose treating all of said accounts as one account) all checks, and orders for the payment of money so drawn, when ~0 signed, without inquiring as to the circ%~stances of their issue, or the disposition of their proceeds, whether such checks or orders be payable to cash or to the order of or endorsed or negotiated by any officer or person signing them, or any of said officers or per- sons in their individual capacities or not, and whether they are deposited to the individual credit of any officer or person signing them or of any other officer or person, or not, and without regard to any notation or memorandum made upon said checks or orders. BE IT F%~THER RESOLVED that said bank be and it is hereby authorized to cash for, or to pay to, or to credit to the individual account of any third person, firm, corporation or any of said officers or agents, all checks or orders payable to this City, either as payee or endorsee, when s aid checks or orders are so made payable by m~nner endorsement executed in the same/as provided in the preceding paragraph for signing checks or orders. BE IT FURTHER RESOLVED that this City does hereby agree that the conditions printed on the deposit ticket and in the pass book shall apply to all items other than cash which the bank may receive from this City on deposit or for collection. BE IT FURTHER RESOLVED that any one of said officers or agents be and she hereby is authorized to transact any other bus- iness with said bank incidental to the powers hereinabove granted. BE IT FURTHER RESOLVED that there shall be no obligation on the part of said bank to see to the application of funds in any case whatsoever. BE IT FURTHER RESOLVED that the foregoing authorizations and each of them, shall be continuing ones and shall not be ex- haust®d by their exercise but shall remain in effect until revoked by a resolution of the City Council of the City of Bremerton and until a certified copy of such revoking resolution has been re- ceived by PEOPLES NATIONAL BANK OF WASHINGTON. BE IT FURTHER RESOLVED that all prior resolutions relating to any of the above matters be, and they hereby are revoked. BE IT FURTHER RESOLVED that the Mayor and City Clerk of the City of Bremerton be, and they hereby are authorized to certify to PEOPLES NATIONAL BANK OF WASHINGTON a copy of this resolution and to further certify that Ruth C. Cullin is the duly elected, qualified and acting Commissioner of Finance and Accounting of the City of Bremerton and ~hat Edna Odden is the duly appointed, qual- ified and acting Treasurer of the City of Bremerton. PASSED AND APPROVED 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 18th day-of November, 1953. ' ~. W. Y~ELL, Mayor./ E.H.T. McGOWAN, City Clerk.