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Home My WebLink AboutResolutions - No. 2006-198RESOLUTION NO. 2006-198 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE DEPUTY CITY MANAGER AND BUDGET MANAGER AS SIGNERS ON CITY OF LODI FARMERS & MERCHANTS BANK ACCOUNTS NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the Deputy City Manager, James R. Krueger, and Budget Manager, Kirk Evans, to act as signers on City of Lodi bank accounts with Farmers and Merchants Bank; and BE IT FURTHER RESOLVED that the City Council further authorizes the above- named individuals to execute Exhibit A (Corporate Authorization Resolution) and Exhibit B (Electronic Transfer Corporate Resolution) attached hereto on behalf of the City of Lodi. Dated: November 1.2006 hereby certify that Resolution No. 2006-198 was passed and adopted by the City Council of the City of Lodi in a regular meeting held November 1, 2006, by the following vote: AYES: COUNCIL MEMBERS —Beckman, Hansen, Johnson, Mounce, and Mayor Hitchcock NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS— None ABSTAIN: COUNCIL MEMBERS — None 9 �_ RANDI JOHL City Clerk 2006-198 CORPORATE AUTHORIZATION RESOLUTION Fr',R FF:= x MERCHANTS BANK OF CENTRAL CAi3y: CITY OF LODi P0 P O BOX 3006 9S.241--7902 LODI CA 95241 EXHIBIT Al kere-!iia is to a -i s document as "Hnanciaf knstitutiarr•' Referred to in this document as "Corporation' ,,.,_„� ,,_,__.,_,..-_.._.,.•.•,....._ ._. _.... � •• ._._. certify that I am Secretary (Geek) of the above named corporation organized under the yaws Of `-'A",J. F'R N ... Federal Employe; I,L�, Number 94-6000361 engaged in business under the trade name of LOO an0 that the resolutions on this document are a correct copy of the resolutions c=t the Board of Direct res r.f :he utrperation duly and properly called and held on (date) "naso apt tr=: €rs the minutes of 'his meeting and have not been rescinded or modified. AGENTS Ar.y ;ger; kseed below, subject ary written limitations, is authorized to exercise the powers granted as indicated below: rear~:( and Title or Pos<uor Signature Facsimile Signature iif used) A+.z.ws KR—EGEP 1 X _ X X x --- _.. X X X X X X POWEPs GRANTED N'tacf-, one or r ore Age -its to each power by placing the lener corresponding to their name in the area before each power -oi r;i g Er` X01 Gr r:r Late the number fit Agent sr,lnatures required to exercise the power.) snc i�ar� A. F, :: description of Power Indicate number of E. and or = signatures requited i'.. F xercrse all of the riowers listed in this resolution. 7r i ,;en any deposit =er share account[sS in the name of the Corporation. i ,RC:Di'':. 3) F,-ndorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit _ 1 th this Financial nstrtution. Borrow money ¢n aehaif ana in the, name of the Corporation. sign. execute and deliver promissory no%s or other evidences of irdebtedness ^....... Lridoise, assign, transfe, mor) a eor piedge bills receivable. warehouse receipts. bills of lading. stocks, I )rids, real estate w outer pr;perty now owned or hereafter awned or acquired by the Corporation as s •�Qurity for sums borrowed, r- )d t? ttisr;ount the same, unconditionally guarantee payment of all bills ec:eived, negotiate, or discounted a i d to waive demand. presentment, protest, notice of protest and "c)nce of tion-payn•.ertt L; Erier into a writtei: lease for =-he purpose of renting- maintaining, accessing and terminating a Safe jeoosrt Box it thiti Financial IftStitutton. _3rd • r tne• IrAiTA'!Oflc ON POWERS The following are ;he Corporation rs express limitations on the powers granted under this resolution, PrFFiC- ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated NA If not completed. all resolutions remain in effect CERTIFICATION OF AU iiQRiTy ih: ,t .�e Board of Directors of the Cerporatian has, aria at the time of adoption of this resolution had, lull power and lawful authority to �r rt r.~E r _siE,ut•ors -,,r ;gage 2 and to confer the powers granted above to the persons named who have full power and lawful authority to ex-cise ;h,. sorr-i, I.Wppy seal below where appropriatn.l chi ~~,,.oration is a non-profit corpora;ior:. Th Witness Whereof, I have subscribed my name to this document and affixed the heat of the Corporation on _ (date) Attest by One Other Officer Secretary (page t of 2; �, esrhe�s 5v�iamr, a��c.-. �€. C!c,id, MN ro�rr. CA 99 RESOLUTIONS [LXHPIT T A The carooration named on this resolution resolves that, his :nar,c,n? Instocr i9n is designated as a depository for the funds of The Corporation and to provide other financial accommodations indicated it, continua to hew -:Elect until express written notice of its rescission or modification has hem received and recotdi by the Any and all prior ri soilutiari adopted by the Board of Directors of the Corporation and certified to the Financial Institution as ga,=es ,t;�4i the i)li *ion of this corporiition's accowttis}, are in full force and effect, until the financial Institution receives and acknowledges an k; re•<<: :ir%*<er r mice of its revocation, modification or replacement, Any revocation, modification or replacement of a resolution must bt: a�lc rl by r:c;curnentation, smt sfa;toi to the Financial Institution, establishing the authority for the changes. w, Agent on this resolution is conclusive evidence of their authority to act on behaif of the Corporation. Any Agent, 90 long as c: r. :,: c;oresentative c0paciry as in Agent c' thr_ Corporation, is authorized to make any and all other contracts, agreements, stipulations and advisabit, for the etfective exercise of the powers indicated on page one. from time to time with the Finam:ia:, restrictior-s or this resolution o; otherwise agreed to in writing w 4i r .;, ., q, a,rith : espec; to any depoaila. withdrawals, rediscounts and borrowings by or on behalf of the Corporation with the Financia; —P, adaption o f this—solution at!? hereby ratified. approved and coniumed. 5 T -if ,.>orfrt a agrees to ihC terms and, conditions of any account agreement. properly opened by any Agent ofthe Corporation. The Corparatio� nc ria' Institution, it ary time, to ".barge the Corporation for all checks, drabs, or other orders, for the payment of money, that are ;1:1::1- F:: ,: €° anr:ial Institution, s„ long as they contain the required number of signatures fpr this purpose, wcxn;.wlii ano agrees that the. Financial Institution may furnish at its discretion automated access devices to Agents of the ar 3tste those powers authorized by this aesolutior. or Whet resolutions in effect at the time of issuance. The term "automated r9z.vr:ci- (Jes i, ,; ort is,niV d to, credit caress, automated teller machines (ATM), and debit cards. ano ai 3iees that the Financial Institution may rely on alternative signature and verification codes issued to or e.nt named or. this resolution. The term "afternative signature and verification, cosies" includes, but is not limited to, tacsim,& € i' ,:.,., the Financial Ins-tution, personal identification numbers Mist), and digital signatures. 11 a facsimile signature specimen has e; 1 .. ,-is resolution: for tr+at ase titer, separaiety by the Corporation with the Financial Institution from time to time} the Financial to treat :iter facsimile signature: as the signature of the Agent(s) regardless of by whom or fly what means the facsimile =iw Dean affixed sr, sono; as it resembles the facsimile signature specimen on file. The Corporation authorizes each Agent to have :.zr _ ti0n'S nrivatr: <e•; used to create a digit2i Srgnalllre and to request issuance of a ceriifiicate fisting the corresponding public s Ituno- snap r;ave r+r responsibilnv or liability for unauthorized use of alternative signature and verification cedes unless €°er nsy:van,; es nation or an Aclent ,Des not rreatc- a power of attorney: therefore. Agents are not subject to the provisions of 20 P&.C.S,A. l,apter bb; De—edents. Estates and Fiduciaries Code) unless the agency was created by a separate power of attorney. Any ass -4,,i)5 " ,narcial Institution rights to act on behalf of any person or entity is not subject to the provisions of 20 Pa,C.S,A. Section 5601 5f, Decedents, F5tates aril Fiduciaries COW - FOR FINANCIAL INSTITUTION USE ONLY .v =er g=c '.'7ci a : gad to_ tdate! by _ (initials) This resolution is superseded by nFaolution dated rt -,1, .. YN Fun, LA-, 5 •, :ynna too" 2 of 21 100 . IMHSacramento - Elk Grove Galt - Lodi Linden - Stockton - Modesto - Tu IB11, B1 Preft"ftgAkis rCY[ �! ELECTRONIC TRANSFER CORPORATE RESOLUTION Nan,c (Title) .......... — a corporation organized under the laws of the Fate c'' . '1ereby certify that the following is a full and true copy of a r7.altrt=.on adoptea at a meeting oitbe Board oi'Directors of said Company, duly held on the (Day> 11.1% W Mow !) car L; ectrontc Iransier Resolution RE S01 V I D. that is hereby authorized to make, (Narne) eCLI U and tappi-ovt on behalf oI'this Company. any and a I I electronic transfer contracts and to ex:>vcutc and approv=e. on behalf of this Company. other instruments_ a part of or incident to such c(�rzac-ts-- effcctivc until otherwise ordered by the Board c£Directors. " k'_D A i.-)(.? I I'R-i I-II"R CERTIFY thatthe above resolution has not been in anyway altered, amended c • rep, aled, and �,; now in fu(i force and effeci WITNP S WHERlr,OF, I have, hereunto set my hand this day of �::n a r.rlraixx,) on ear ............. 101 ;r:%r; & klerchmun Hark o"Ccnual Califomia - Confidential (I106)