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CCR1996206COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #206-96 DESIGNATING PUBLIC DEPOSITORY AND AUTHORIZING WITHDRAWAL OF CORPORATE DEPOSITORY RESOLUTION MONEY (Firstar Bank) BE IT RESOLVED that the Common Council of the City of Muskego, upon the recommendation of the Finance Committee, does hereby approve the attached Corporate Depository Resolution and Corporate Resolution for Facsimile Signatures designating Firstar Bank as a depository and authorizing signatures for withdrawal of money. BE IT FURTHER RESOLVED that the Mayor and Clerk-Treasurer are authorized to execute the attached Resolutions which have been reviewed and approved by the City's auditors. DATED THIS 10th DAY OF September , 1996. SPONSORED BY: FINANCE COMMITTEE Ald. Domonic D'Acquisto Ald. David J. Sanders Ald. Mark Suhr This is to certify that this is a true and accurate copy of City of Muskego. Resolution #206-96 which was adopted by the Common Council of the 9/96 jmb BANK CORPORATE DEPOSITORY RESOLUTION a Rv the i oard of directors nf ,-* -.. .= M,,skoon ommon Council " a Governmental corporation, hereinafter called "Corporation," whose principal place of business is located at w182 58200 Racine Avenue Muskego, WI 53150 RESOLVED, that Firstar Bank Milwaukee, N.A. depository in which the funds of this Corporation may from time to time be deposited; that the following described (the "Bank") is hereby designated as a accountfsl be opened and maintained in the name of this Corporation with the Bank subject to the rules and regulations of the Bank from time to time in effect: that the personk) and the number thereof designated by title opposite the following designation of accountfs) are hereby authorized, for and on behalf of this Corporation, (11 to sign checks, drafts, notes, insrrucrions regarding the same, lZl to direct, orally or in writing or electronically, or through any other medium agreed to bills, certificates of deposit and other orders for payment or withdrawal of funds from said accountls) and to issue effected upon instructions from others identifying themselves in accordance with procedures approved by such designated by said designated personkl and the Bank. the wire transfer of such funds and (31 to arrange for such wire transfers to be persons (all of the foregoing being "Withdrawal Orders"), and to endorse for deposit. negotiation. collection or discount by the Bank any and all checks, drafts, notes, bills. certificates of deposit or other instruments or orders for the payment of money owned or held by said Corporation; that the endorsement for deposit may be in writing, by stamp or otherwise, with or without designation or signature of the person so endorsing (except that, notwithstanding any other provision of these resolutions, no endorsement on behalf of this Corporation shall be required for deposit of any of such instruments or orders to an account of this Corporation with the Bank); and that any officer, agent or employee of this Corporation is hereby authorized to make requests of the Bank for the transfer of funds or money between accounts maintained by this Corooration at the Bank. Designation Number of of Account Signatures Required Persons Authorized to Sian Names or Titles of 1 See attached list 2 1, ,lean ~dwda Clerk-Treasurer David L. De Anaelis Mavor L. L. FURTHER RESOLVED, that the Bank be and is hereby authorized and directed to honor, certify, pay and charge to any of the accounts of this Corporation all checks, drafts, notes. bills. certificates of deposit or orders for the payment, purpose or to Whomever payable, including requests for conversion of such instruments into cash as well as for deduction withdrawal or transfer of funds or money deposited in these accounts or to the credit of this Corporation, for whatever from and payment of cash out of any deposit, and whether or not payable to, endorsed or negotiated by or for the credit of any persons signing such instrument or payable to or for the credit of any other officer, agent or employee of this Corporation, when signed, accepted, endorsed or approved as evidenced by original or facsimile signature by the person(s1 and the number thereof, designated by title opposite the designation of the accounts described in the foregoing resolution. and to honor any requestls) made in accordance with the foregoing resolution, whether written or oral, and including but not limited to requestlsl made by telephone or other electronic means for the transfer of funds or money between accounts maintained by this Corporation at the Bank, and the Bank shall not be required or under any duty to inquire as to the circumstances of the issuance or use of any such instrument or request or the application or use of proceeds thereof. FURTHER RESOLVED, that to the extent that any Withdrawal Orders executed by the persons designated herein to effect same on behalf of this Corporation exceed collected balances of this Corporation on deposit with the Bank. the honor such Withdrawal Orders, and to the extent that the Bank so elects, this Corporation hereby agrees that such excess Bank may, in its sole discretion but without any obligation on its part to do so. and without notice to this Corporafion. payment shall constitute an obligation and liability of this Corporation to the Bank. payable upon demand of the Bank together with interest thereon until paid at a rate equal to two percent (2%) per annum in excess of the prime rate announced by the Bank and in effect from time to time (with the rate on such obligation and liability changing as and when such prime rate changes). hereby authorized to execute, on behalf of this Corporation, account contracts with the Bank in the usual form thereof FURTHER RESOLVED, that any one or more of the persons holding the offices of this Corporation designated above isiare provided by the Bank for each account of this Corporation and other account agreements necessary or desirable to permit aggregation of various accounts for purposes of determining total account balances or to facilitate cash management plans for this Corporation. FURTHER RESOLVED, that the Bank be and is hereby authorized to comply with any process, summons, order, injunction. execution. distraint, levy, lien, or notice of any kind (hereafter called '"Process") received by or served upon the Bank. by option and without liability, thereupon refuse to honor orders to pay or withdraw sums from these accounts and may hold which, in the Bank's opinion, another person or entity claims an interest in any of these accounts, and the Bank may, at its the balance therein until Process is disposed of to the Bank's satisfaction. hereby authorized 11) to receive for an on behalf of this Corporation, securities, currency or any other propeny of whatever FURTHER RESOLVED, that any one or more of the persons holding the offices of this Corporation designated above isiare nature held by, sent to, consigned to or delivered to the Bank for the account'of or for delivery to this Corporation, and to give receipts therefor, and the Bank is hereby authorized to make delivery of such property in accordance herewith and 121 to sell, transfer, endorse for sale or otherwise authorize the sale or transfer of securities or any other property of whatever nature held by. sent to, cosigned to or delivered to the Bank for the account of or delivery to this Corporation, and to receive and/or apply the proceeds of any such sale to the credit of this Corporation in any such manner as helthey deeds) proper, and the Bank is hereby authorized to make sale or transfer of any of the aforementioned property in accordance herewith. FURTHER RESOLVED, that the chief executive officer, president, secretary or any assistant secretary of this Corporation be and hereby is authorized and directed to certify to the Bank the foregoing resolutions, that the provisions thereof are in conformity with the Articles of Incorporation, bylaws (if any) and shareholder control agreement fit anyl of this Corporation and to provide the names and specimen or facsimile signatures on incumbency cenificates and/or signature cards if cards and the authority thereby conferred shall remain in full force and effect until this Corporation notifies the Bank to the requested of the personfsl authorized therein, and that the foregoing resolutions, incumbency certificates and signature contrary in writing, and the Bank may conclusively presume that such resolutions, incumbency certificates and signature cards are in effect and that the persons identified therein from time to time as officers of the Corporation have been duly elected or appointed to and continue to hold such offices. payments made or any other actions taken by the Bank in reliance upon the signatures, including facsimiles thereof, of any FURTHE3 RESOLVED, that this Corporation assumes full responsibiliw and holds harmless the Bank for any and all person or persons holding the offices of this Corporation designated above regardless of whether or not the use of a facsimile signature may have been affixed to any instrument if such signatures resemble the specimen or facsimile facsimile signature was unlawful or unauthorized and regardless of by whom or by what means the purported signature or signatures as provided to the Bank or for refusing to honor any signatures not provided to the Bank or for honoring any requests for the transfer of funds or money between accounts, and that this Corporation agrees to indemnify and hold harmless the Bank against any and all claims, demands, losses, costs, damages or expenses suffered or incurred by the Bank resulting from or arising out of any such payment or other action. records and seal (if anyl of the above-named Corporation; that the foregoing is a true and correct copy of resolutions duly I hereby certify that I am the duly elected, qualified and acting C 1 e r k-T r e a s u r e r and the custodian of the adopted in accordance with law and the Articles of Incorporation, bylaws (if anyl and shareholder control agreement (if any) of said Corporation bv consent of the reauired number of directors or shareholders. or at a meetino of a auorum of the board of directors*or shareholders on , and that said resolutions, not being in conflict with those Articles of Incorporation, bylaws and shareholder control agreement, are now in full force and effect. -~ ~. ,- 1 AFFIX SEAL HERE or the corporation - has no seal Executed this day of 2- Title: Clerk-Treasurer ACCOUNT TITLE General Fund Tax Account Sanitary Sewer Utility Water Utility Big Muskego Lake Bass Bay Rehab Distr and Protection Distr Park and Recreation Dept ACCOUNT NUMBER 121498968 121495177 112005703 112045748 112024592 112033245 FIRSTAR BANK MILWAUKEE, N.A. CORPORATE RESOLUTION FOR FACSIMILE SIGNATURES 1, Jean K. Marenda, City Clerk-Treasurer of the City of Muskego , a corporation organized and existing under the laws of the State of Wi s c oris in , do hereby certify that the following resolution was duly adopted the Board of Directors of said corporation on the day of , 199 2" , and IS now In full force and effect: RESOLVED. that Firstar Bank Milwaukee. N.A. as a designated depository of this corporation be and is hereby requested, authorized and directed to honor checks, drafts or other orders for the payment of money drawn in this corporation's name, onits accounts per attached list accaunt(s), including those payable to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signature($ Of any 2 of the following: David L. DeAngelis, Mayor Jean K. Marenda, Clerk-Treasurer, Countersigned by: and Firstar Bank Milwaukee, N.A. shall be entitled to honor and to charge this corporation for such checks, drafts or other orders, regardless of by whom or by what means the acual or purported facsimile signature or signatures thereon may have been affixed thereto, if such signature or signatures resemble the facsimile specimens duly certified to or filed with Firstar Bank Milwaukee. N.A. by the Secretary or other officer of this corporation, and this corporation agrees to indemnify and hold Firstar Bank Milwaukee, N.A. harmless from and against any and all loss. cost, damage and expense, including attorneys' fees and consequential damages, resulting from payment of any items bearing facsimile signatures or any other claim against Firstar Bank Milwaukee, N.A. by any person or entity in connection with such items authorized pursuant to this Resolution. IN WITNESS WHEilEOF. I have hereunto set my hand and the seal of said corporation. this dayof August 96 , 19- Clerk-Treasurer (Corporate Seal) 3M3E5 5 (271)