HomeMy WebLinkAbout850 RESOLUTION NO. 850
BE IT RESOLVED that NATIONAL BANKOF WASHINGTON be, and
hereby is selected as a depository for the funds of the CITY OF
BR~V~FLRTON, a municipal corporation, and that a bank account or
accounts shall be opened and kept with said bank in the name of
the CITY OF BRit~ERTON and that endorsements for deposits may be
made by the written or stamped endorsement of ~.e City without
designation of' the person making the endorsement~
BE IT FURTHER RESOLVED that NATIONAL BANK OF WASHINGTON
be, and it hereby is authorized to honor and pay checks or other
or,ers for the payment of money drawn in the name of this City
when signed by either RUTH C. CULLIN, Commissioner of Finance and
Accounting, or EDNA ODDEN, Treasurer of said City, and/or when
signed by their respective successors in office, and that said
NATIONAL BANK OF WASHINGTON be, and it hereby is authorized and
directed to honor, pay and charge to any or all of the above des-
ignated 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 eo signed, without inquiring as to the cir-
cumstances 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 persons 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 FURTHER RESOLVED that said bank Oe and it is hereby
authorized to cash for, or to pay to, or to credit to the individual
account of any third person, lien, 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
endorsement executed in the same manner as provided in the p. receding
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-
hausted 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 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 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 that Edna Odden is the duly appointed, qualified 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~ay of November, 1953.
ATTEST: .
E.H.T. McGOWAN, City Clerk.