HomeMy WebLinkAbout776 RESOLUTION No. 7V6
~'~e, Lo "Hum'~' Kean and E.HoT. McGowan, the Mayor and City Clerk,
respectively, oI' the City o£ Bremerton, a Corporation~ do hereOy cer-
tify that we are 0he duly elected, qualified and acting ~,~ayor ~d City
Clerk oi' said Corporation an~ that the following is a full true and
correct copy oI' certain resolutions duly and legally adopted at a meet-
ing o~. the City Council t~ereoI' convened m~d hel5 in accordance wit~ law
and ~he by-taws cz' said Corporation on ~he 20th day cz' June, 1~51, at
whica a quorum was present, and thac sucl~ resolutions are ~ow in
I'orce ~ efi'e,~t and duly recorded in the minutes oi' said City Co~cil.
~E If !{ESOLVED:
1. fhat the National Bank o~' Co~erce of Seattle, Bremerton
Sranch (nez'einaI'ter called "said ~ank") ~e, ~nd is here0y selected as a
deposi~;ary i/or the ~'~mds oi' t~is corporation an~ that a oank acco~t~ or
accosts, shall be opened and kept with ~he sai5 oank I'or vhis Corpora-
tion ~mcier ~he zollowing ~esignation or designations: As A~ove, and
taa~ endorsements Ior deposit may 0e made oy the written o~ sipped en-
dorsement oi' ~he Corporation without designation oi' ~he person maMing
the endorsement ~
~. i~hat said oank ~e, ant is here~y, aut~orized to honor and pay
checks or other orders for the pa~ent o~' money dra~n in t~e n~e of
this corporation when signed 0y any ne (1) of the following: City
Treasmrer and Deputy City Treasurer, an~-] ti~a~ said Oank be~ ~d is her~-
0y, authorized ~ directed to honor, pay an5 char6e to any or all oI~ the
above designated accosts oi' this Corporation (for said purpose ~reating
all of sald accounts as one accost) all checks and orders for the pay-
merit of money so drawn, when so signeS~
3. z'hat said ba~k ~e, and is here~y, authorized to cash for, or
to pay to, or to credit to the individual accost of any third person~
firm, ~orporatlon or any oi' said o~ficers or agents, all o~eok~
payable co tais Corpo~'ation, either as payee or endorsee, ~.'hen said c~ecks
o~~ ore, ers are so made payable 0y endorsement executed in the seine manaer
as provided in para~raph 2 i'or signin~ checks or orders.
4. ['nat t~'~is Co~poration is bound oy the Mules and Regulations
governing Checkin6 Accounts ol' said bank (receip~ of a copy of which is
hereby acknowledged) an~ by any changes, ~nodii'icatJons or additions
t~ereto, which :~ules and ,
,~egu_~tions ar~osted at ail times in the lob-
by o~' said oank.
5. That said o~ficers and/ or agents are auth. orize5 to transact
~y ooi,er business wit~ sai~ ba~ imoldental to the powers hereinabove
gr am t e 5.
6, ~'hat there shall ~e no o~ligation on the part of said bank to
see to the application o~' funds in ~y case whatsoever,
V. ~hat th~ Foregoing authorizations, anc~ eac~ o~' 'them~ shall 0e
continuing ones and s?~sll not be exhausted by their e~ercise but shall
remain in effect until revoked 0y a resolution oi' the City Council of
this 6orooration ~. until a certii'ie~J~ copy ot' such revoking resolution
has been received ~y said ~ank.
8. ~'hat all prior resolutions relating to ~y oI' the above mat-
ters Le~ an~ are hereby, revoked.
9. That the Secretary oz' this Corporation Oe, and is hereby,
authorized to certify to sai~ bank s copy of these resolutions and the
n~es of this Corporation's o,'Ficers amd/or agents thereby authorized to
act i~ the premises.
We I'urther certizy that the following are these duly elected to
the o~'fice set opposite t~e21, respective n~es: L, "H~" Kean, ~ayor;
E,H,T, ~cOowan, City Clerk,
~I~,~S WHEREOF, we have signe~ this ~nstr~ent and caused the
corporate seal oI' saio Corporation to be here~to affi~eU this ~lst day
oi' J~me, 1951~
~ayor