Loading...
1. Resolution 4691 - Designating Glacier Bank as DepositorCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax(406)758-7758 REPORT TO: FROM: SUBJECT: MEETING DATE: Mayor Kennedy and City Council Amy Robertson, Finance Director Chris Kukulski, City Manager Bank signature authorization April 15, 2002 BACKGROUND: We recently moved the City's operating bank account to Glacier Bank. This resolution authorizes the City Manager, Finance Director and Assistant Finance Director to sign on the account. The resolution further authorizes the persons who sign to enter into other banking agreements as needed. RECOMMENDATION: FISCAL EFFECTS: ALTERNATIVES: -� Amy H. Robertson Finance Director Adopt Resolution 4691 none As suggested by Council. Report compiled: April 10, 2002 Chris A. Kukulski City Manager RESOLUTION NO. 4691 A RESOLUTION DESIGNATING GLACIER BANK AS THE DEPOSITOR OF THE CITY OF KALISPELL AND AUTHORIZING THE CITY MANAGER, FINANCE DIRECTOR AND ASSISTANT FINANCE DIRECTOR TO EXECUTE CHECKS, DRAFTS OR OTHER ORDERS WITHDRAWING FUNDS FROM CITY ACCOUNTS WITH SAID BANK. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA, AS FOLLOWS: SECTION I. See Exhibit "A", attached hereto and thereby made a part hereof. SECTION II. This Resolution shall become effective immediately upon passage by the City Council and approval by the Mayor. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR THIS 15TH DAY OF APRIL, 2002. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk EXHIBIT "A" CERTIFICATE OF AUTHORITY (Governmental Entities) I, Amy H. Robertson, do hereby certify that I am the Finance Director of the City of Kalispell (herein called the "Depositor"), a City existing under the laws of the State of Montana; that the following is a true, complete and correct copy of resolutions adopted at a meeting of the City of Kalispell of the Depositor duly and properly called and held on the 15th day of April, 2002; that a quorum was present at said meeting; and that said resolutions are now in full force and effect. Deposits RESOLVED, that Glacier Bank (herein called the "Bank") be and is hereby designated as a depository of the City of Kalispell with authority to accept or receive at any time for the credit of the Depositor deposits by whomsoever made, of funds and other property in whatever form or manner transferred or endorsed, whether made as demand deposits, savings deposits, or time deposits; and that any officer or official of the Depositor be and is hereby authorized to open or cause to be opened one or more accounts with the Bank on such terms, conditions and agreements as the Bank may now or hereafter require and to make any other agreements deemed advisable in regard to any of the foregoing. RESOLVED FURTHER, that checks, drafts or other orders for the payment, transfer or withdrawal of any of the funds or other property of the Depositor on deposit with the Bank shall be binding on the Depositor when signed, manually or by use of a facsimile or mechanical signature or otherwise authorized by any two (2) of the following individuals: City Manager, Finance Director or Assistant Finance Director, and the Bank is hereby authorized to pay and charge to the account of the Depositor any such checks, drafts or other orders so signed or otherwise authorized, including those payable to the individual order of the person or persons signing or otherwise authorizing the same and including also those payable to the Bank or to any other person for application, or which are actually applied to the payment of any indebtedness owing to the Bank from the person or persons who signed such checks, drafts or other withdrawal orders or otherwise authorized such withdrawals. In particular, and not in limitation of foregoing, such persons may authorize payment, transfer or withdrawal by oral or telephonic directions to the bank complying with such rules and regulations relating to such authorization as the bank may communicate to the Depositor from time to time. Other Services RESOLVED FURTHER, that the person(s) so authorized to sign be and are hereby authorized and empowered, on behalf of the Depositor, to transact any and all other business with and through the Bank which such person(s) may at any time deem to be advisable, including, without limiting the generality of the foregoing, authority to purchase certificates of deposit and to enter into deposit agreements, safe deposit agreements, lock -box agreements, night depository agreements, freight payment service agreements, payroll service agreements and other electronic data processing service agreements offered by the Bank, and, in reference to any such business, to make any and all agreements and to execute and deliver to the Bank any and all contracts and other writings which such person(s) may deem to be necessary or desirable. Further Provisions RESOLVED FURTHER, that the Finance Director shall certify to the Bank the names and signatures (either actual or any form or forms of facsimile ormechanical signatures adopted by the person authorized to sign) of the persons named above and such certifying officer shall from time to time hereafter, upon a change in the facts so certified, immediately certify to the Bank the names and signatures (actual or facsimile) of the persons then authorized to sign or to act; the Bank shall be fully protected in relying on such certificates and on the obligation of the certifying officer (set forth above) to immediately certify to the Bank any change in any facts so certified, and the Bank shall be indemnified and saved harmless by the Depositor from any claims, demands, expenses, loss or damage resulting from or growing out of honoring or relying on the signature of other authority (whether or not properly used and, in the case of any facsimile signature, regardless so when or by whom or by what means such signature maybe been made or affixed) of any officer or person whose name and signature was so certified, or refusing to honor any signature or authority not so certified. RESOLVED FURTHER, that these resolutions shall continue in force until express written notice of their rescission or modification has been furnished to and received by the Bank. RESOLVED FURTHER, that any and all transactions by or in behalf of the Depositor with the Bank prior to the adoption of this resolution be, and the same hereby are, in all respects ratified, approved and confirmed. I further certify that the City Council of the Depositor, has, and at the time of adoption of said resolutions had, full power and lawful authority to adopt the foregoing resolutions and to confer the powers therein granted to the persons named, and that such persons have full power and authority to exercise the same. I further certify that the names, titles (if any) and signatures (actual or facsimile) of the persons authorized to sign or to act on behalf of the Depositor by its governing board identified above are as set forth below in the section of this Certificate of Authority entitled "Authorized Signers". In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the Depositor this day of , 2002. Attest by one other officer Imprint Seal Authorized Signers Name Title (if any) Sample Signature Chris A. Kukulski City Manager Amy H. Robertson Finance Director Carol L. Kostman Assistant Finance Director