HomeMy WebLinkAboutResolutions - No. 2010-66RESOLUTION NO. 2010-66
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE INTERIM CITY MANAGER 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 Interim City Manager, Konradt Bartlam, 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 Interim
City Manager, Konradt Bartlam; Deputy City Manager, Jordan Ayers; and
Management Analyst, Kirk Evans to execute Exhibit A (Corporate Authorization
Resolution) and Exhibit B (Electronic Transfer Corporate Resolution) attached hereto
on behalf of the City of Lodi.
Dated: May 19, 2010
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hereby certify that Resolution No. 2010-66 was passed and adopted by the City
Council cf the City cf Lodi in a regular meeting held May 19, 2010, by the following vote:
AYES: COUNCIL MEMBERS —Hansen, Hitchcock, Johnson, Mounce,
and Mayor Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
2010-66
CORPORATE AUTHORIZATION RESOLUTION
FARMERS & MERCHANTS BANK OF CENTRAL CA By: CITY OF LODI
PO BOX 3000 P O BOX 3006
LODI, CA 95241-1902 LODI CA 95241
Referred to in this document as- Financial Institution"
Referred to in this document as "Corporation"
1 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 arerorrect copy of the resolutions
adopted at a meeting of the Board of Directors of the Corporation duly and properly called and held on 05/19%10 (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These resolutions appear in the minutes of this meeting and have not been rescinded or modified.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
A. KONRADT BARTLAM
B. JORDAN AYERS
C. KIRK J EVANS
La
E
Signature
X
X
X
X
X
Facsimile Signature
(if used)
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 number of Agent signatures required to exercise the power.)
Indicate A, B, C,
Description of Power
Indicate number of
D, E, and/or F
signatures required
NA
(1)
Exercise all of the powers listed in this resolution.
ABCDEF
(2)
Open any deposit or share account(s) in the name of the Corporation.
1
ABCDEF
(3)
Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit
1
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, unconditionally guarantee 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
1
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.
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.)
54If checked, the Corporation is a non-profit corporation. In Witnn h� eof, J have subscribed my name o ment and affixed the seal
of th - t'�n (date).
ne 7e } etary
�peL— 0 1985, 1997 Bankers Systems, Inc., St. Cloud, MN Form CA -,'5/ 2003 (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) All transactions, if any, with respect to 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:
,f5405r ® 1985. 1997 Bankers Systems, Inc., St. Cloud, MN Form CA -1 5/1/2003 (page 2 of 21
BANKSacramento. Elk Grove . Gait . Lodi . Linden .Stockton . Modesto .Turlock . Hilmar
• WhereBanking is Easy!
I, Randi Johl
(Name)
of City of Lodi
(Name of Corporation)
ELECTRONIC TRANSFER CORPORATE RESOLUTION
, City Clerk
(Title)
, a corporation organized under the laws of the
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 19th
(Day)
day of May, 2010
(Month/Year)
Electronic Transfer Resolution
"RESOLVED, that Konradt Bartlam, Jordan Ayers, is hereby authorized to make,
Kirk
(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 WHEREOF, I have hereunto set my hand.
City of Lodi this 19 day of May 2010
(Name of Corporation)-7ay� on ear
(Signatu
City Clerk
(Title)
Farmers& Merchants Bank of Central California—Confidential (11109)