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Home My WebLink AboutResolutions - No. 2009-03RESOLUTION NO. 2009-03 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE DEPUTY CITY MANAGER/INTERNAL SERVICES DIRECTOR AS A SIGNER 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/Internal Services Director, Jordan Ayers, to act as a signer on City of Lodi bank accounts with Farmers and Merchants Bank; and BE IT FURTHER RESOLVED that the City Council further authorizes City Manager, Blair King; Deputy City Manager, Jordan Ayers; and Budget Manager, Kirk Evans to execute Exhibit A (Corporate Authorization Resolution) and Exhibit B (Electronic Transfer Corporate Resolution) attached hereto on behalf cf the City of Lodi. Dated: January 7, 2009 ---------------------------------------------------------------- -------------------------------------------------------------- hereby certify that Resolution No. 2009-03 was passed and adopted by the City Council of the City of Lodi in a regular meeting held January 7, 2009, by the following vote: AYES: COUNCIL MEMBERS —Hitchcock, Johnson, Katzakian, and Mayor Hansen NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS— Mounce ABSTAIN: COUNCIL MEMBERS — None 2009-03 CORPORATE AUTHORIZATION RESOLUTION FARMERS & MERCHANTS BANK OF CENTRAL CA By. CITY OF LODI PO BOX 3000 300 W PINE ST LODI, CA 95241-1902 LODI CA 95240 Referred to in this document as "Financial Institution" Referred to in this document as "Corporation" I, RANDI JOHL , certify that I am Secretary (clerk)of the above named corporation organized under the laws of CALIFORNIA , Federal Employer I.D. Number 94-6000361 , engaged in business under the trade name of CITY OF LODI , and that the resolutions on this document 01/aye r1orrect copy of the resolutions9070 adopted at a meeting of the Board of Directors of the Corporation duly and properly called and held on (date). These resolutions appear in the minutes of this meeting and have not been rescinded or modified. AGENTS Any Agent listed below, subject to any written limitations, is authorized to exercise the powers granted as indicated below: Name and Title or Position Signature Facsimile Signature (if used) A. BLAIR KING g, JORDAN AYERS C. KIRK J EVANS D. E. F X X POWERS GRANTED (Attach one or more Agents to each power by placing the letter corresponding to their name in the area before each power. Following each power indicate the numberof Agent signatures required to exercise the power.) Indicate A, B, C, Description of Power D, E, and/or F NA (1) Exercise all of the powers listed in this resolution. ABCDEF (2) Open any depositor share account(s) in the name of the Corporation. ABCDEF (3) Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit with this Financial Institution. NA (4) Borrow money on behalf and in the name of the Corporation, sign, execute and deliver promissory notes or other evidences of indebtedness. NA (5) Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks, bonds, real estate or other property now owned or hereafter owned or acquired by the Corporation as security for sums borrowed, and to discount the same, unconditionallyguarantee payment of all bills received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and notice of non-payment. ABCDEF (6) Enter into a written lease for the purpose of renting, maintaining, accessing and terminating a Safe Deposit Box in this Financial Institution. NA (7) Other LIMITATIONS ON POWERS The following are the Corporation's express limitations on the powers granted under this resolution. Indicate number of signatures required 1 1 1 EFFECT ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated NA If not completed, all resolutions remain in effect. CERTIFICATION OF AUTHORITY further certify that the Board of Directors of the Corporation has, and at the time of adoption of this resolution had, full power and lawful authority to adopt the resolutions on page 2 and to confer the powers granted above to the persons named who have full power and lawful authority to exercise the same. (Apply seal below where appropriate.) ® If checked, the Corporation is a non-profit corporation. In. WAngo/ Nhoreof, I have subscribed my name_to4gs document and affixed the seal of t po larbn Janua 840_2_Q99"1*. (date). ne Other 0 icer Secretary e 0 1985, 1997 Bankers Systems, Inc., St. Cloud, MN Form CA/ -5/11 003 /page 1 of 2) RESOLUTIONS The Corporation named on this resolution resolves that, (1) The Financial Institution is designated as a depository for the funds of the Corporation and to provide other financial accommodations indicated in this resolution. (2)This resolution shall continue to have effect until express written notice of its rescission or modification has been received and recorded by the Financial Institution. Any and all prior resolutions adopted by the Board of Directors of the Corporation and certified to the Financial Institution as governing the operation of this corporation's account(s), are in full force and effect, until the Financial Institution receives and acknowledges an express written notice of its revocation, modification or replacement. Any revocation, modification or replacement of a resolution must be accompanied by documentation, satisfactory to the Financial Institution, establishing the authority for the changes. (3) The signature of an Agent on this resolution is conclusive evidence of their authority to act on behalf of the Corporation. Any Agent, so long as they act in a representative capacity as an Agent of the Corporation, is authorized to make any and all other contracts, agreements, stipulations and orders which they may deem advisable for the effective exercise of the powers indicated on page one, from time to time with the Financial Institution, subject to any restrictions on this resolution or otherwise agreed to in writing. (4)AII transactions, if any, with respectto any deposits, withdrawals, rediscounts and borrowings by or on behalf of the Corporation with the Financial Institution prior to the adoption of this resolution are hereby ratified, approved and confirmed. (5)The Corporation agrees to the terms and conditions of any account agreement, properly opened by any Agent of the Corporation. The Corporation authorizes the Financial Institution, at any time, to charge the Corporation for all checks, drafts, or other orders, for the payment of money, that are drawn on the Financial Institution, so long as they contain the required number of signatures for this purpose. (6)The Corporation acknowledges and agrees that the Financial Institution may furnish at its discretion automated access devices to Agents of the Corporation to facilitate those powers authorized by this resolution or other resolutions in effect at the time of issuance. The term "automated access device" includes, but is not limited to, credit cards, automated teller machines (ATM), and debit cards. (7)The Corporation acknowledges and agrees that the Financial Institution may rely on alternative signature and verification codes issued to or obtained from the Agent named on this resolution. The term "alternative signature and verification codes" includes, but is not limited to, facsimile signatures on file with the Financial Institution, personal identification numbers (PIN), and digital signatures. If a facsimile signature specimen has been provided on this resolution, (or that are filed separately by the Corporation with the Financial Institution from time to time) the Financial Institution is authorized to treat the facsimile signature as the signature of the Agent(s) regardless of by whom or by what means the facsimile signature may have been affixed so long as it resembles the facsimile signature specimen on file. The Corporation authorizes each Agent to have custody of the Corporation's private key used to create a digital signature and to request issuance of a certificate listing the corresponding public key. The Financial Institution shall have no responsibility or liability for unauthorized use of alternative signature and verification codes unless otherwise agreed in writing. Pennsylvania. The designation of an Agent does not create a power of attorney; therefore, Agents are not subject to the provisions of 20 Pa,C.S.A. Section 5601 et seq. (Chapter 56; Decedents, Estates and Fiduciaries Code) unless the agency was created by a separate power of attorney. Any provision that assigns Financial 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 et seq. (Chapter 56; Decedents, Estates and Fiduciaries Code). FOR FINANCIAL INSTITUTION USE ONLY Acknowledged and received on (date) by (initials) ❑ This resolution is superseded by resolution dated Comments: M 0 1986,1997 Bankers Systems, Inc., St. Cloud, MN Form CA -1 6/1/2003 /page 2 of 21 BANKSacramento. Elk Grove. Galt . Lodi- Linden. Stockton • Modesto • Turlock . Hilmar WherreBanking is Easy,! ELECTRONIC TRANSFER CORPORATE RESOLUTION I, Raneii .Tnhl city Clerk , (Name) (Title) of Citv of Lodi , a corporation organizedunder the laws of the (Name of Corporation) State of California ,hereby certify that the following is a full and true copy of a resolution adopted at a meeting of the Board of Directors of said Company, duly held on the 7th (Dar) day of January , 20 09 (Month) (Year) . Electronic Transfer Resolution "RESOLVED i that Blair King, Jordan Ayers, Kirk.E s laerue%y authorized to make, (Name) execute and approve on behalf of this Company, any and all electronic transfer contracts and to execute and approve on behalf of this Company, other instruments, a part of or incident to such contracts; effective until otherwise ordered by the Board of Directors." AND I DO FURTHER CERTIFY that the above resolution has not been in any way altered, amended or repealed, and is now in full force and effect. IN WITNESS WI1EREOF, I have hereunto set my hand, City of Lodi this 8th day of January 20, 09 (Name of Corporation) (Day) (Month) (Yea) (Signatwa) City Clerk (Title) Farmers & 1!Mrhrts Berk of Central California. Confidential -All Ruts Peseried (3/05)