CCR2020046-Public Depositories
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #046-2020
RESOLUTION DESIGNATING PUBLIC DEPOSITORIES
AND AUTHORIZING WITHDRAWAL
OF CITY MONIES
By the Common Council of the City of Muskego Wisconsin (the “City”), be it
RESOLVED that the following institutions (“Bank” or “Banks”):
First Business Bank-Milwaukee
U.S. Bank
Waukesha State Bank
BMO Harris Bank
Landmark Credit Union
Local Government Investment Pool (LGIP)
WaterStone Bank
Wisconsin Investment Series Cooperative (WISC)
qualified as public depositories under CH. 34, Wis. Stats., are hereby designated as
depositories in which the funds of this City may from time to time be deposited; an
account opened and maintained in the name of this City with these institutions are
subject to the rules and regulations of the Bank from time to time in effect; that the
person(s) and the number thereof designated by title per account signature card are
hereby authorized, for and on behalf of this City, to sign order checks as provided in
§66.0607, Wis. Stats., for payment or withdrawal of money from said account(s) and to
issue instructions regarding the same and to endorse for deposit, negotiation, collection
or discount by said Banks 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 City;
that the endorsement for deposit may be in writing, by stamp, or otherwise, with or
without designation of signature of the person so endorsing; and that any officer, agent
or employee of this City is hereby authorized to make oral or written requests of the
Bank for the transfer of funds or money between accounts maintained by this City at
each Bank.
FURTHER RESOLVED, that each Bank be and is hereby authorized and directed to
honor, certify, pay and charge to any of the accounts of this City, all order checks for the
payment, withdrawal or transfer of funds or money deposited in the accounts or to the
credit of this City for whatever purpose or to whomever payable, including requests for
conversion of such instruments into cash as well as for deduction 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 City, when signed, accepted, endorsed or
approved as evidenced by original or facsimile signature by the person(s), and the
number thereof, designated by title opposite the designation of the accounts described
in the foregoing resolution, and to honor any request(s) made in accordance with the
foregoing resolution, whether written or oral and including but not limited to, request(s)
Reso. #046-2020 Page 2
made by telephone or other electronic means for the transfer of funds or money
between accounts maintained by this City at each Bank, and each 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 of application or use of proceeds thereof.
FURTHER RESOLVED, that each 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 which, in the
Bank’s opinion, another person or entity claims an interest in any of these accounts and
each Bank may, at its option and without liability, thereupon refuse to honor orders to
pay or withdraw sums from these accounts and may hold the balance therein until
Process is disposed of to Bank’s satisfaction.
FURTHER RESOLVED, that any one of the persons holding the offices of this City
designated above is hereby authorized (1) to receive for and on behalf of this City,
securities, currency or any other property of whatever nature held by, sent to, consigned
to or delivered to each Bank for the account of or for delivery to this City, and to give
receipt therefore, and each Bank is hereby authorized to make delivery of such property
in accordance herewith, (2) 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,
consigned to or delivered to the Bank for the account of or for delivery to this City, and
to receive and/or apply the proceeds of any such sale to the credit of this City in any
such manner as he/she/they deem(s) proper, and the Bank is hereby authorized to
make a sale or transfer of any of the aforementioned property in accordance herewith,
and (3) pursuant to §34.07 Wis. Stats., to accept such security and to execute such
documents as said officer deems proper and necessary to secure the funds of this City
and to issue instructions regarding the same.
FURTHER RESOLVED, that the withdrawal or disbursement from any one of the above
named depositories shall be only by order check, as provided in Section 66.0607 of the
Wisconsin Statutes: that in accordance therewith all order checks shall be signed by the
following persons.
City of Muskego Clerk-Treasurer and Mayor
FURTHER RESOLVED, that in lieu of their personal signature(s) a facsimile signature
may be affixed.
FURTHER RESOLVED, that this City assumes full responsibility for any and all
payments made or any other actions taken by each Bank in reliance upon the
signatures, including facsimiles thereof, of any person or persons holding the offices of
this City designated above regardless of whether or not the use of a facsimile signature
was unlawful or unauthorized and regardless of by whom or by what means the
purported signature or facsimile signature may have been affixed to any instrument if
such signatures resemble the specimen or facsimile signatures provided to each Bank,
for refusing to honor any signatures not provided to each Bank, for honoring any
requests for the transfer of funds or money between accounts or for the instructions
from the persons designated in the foregoing resolutions regarding security for the
Reso. #046-2020 Page 3
accounts notwithstanding any inconsistent requirements of this City not expressed in
the foregoing resolutions, and that this City agrees to indemnify and hold harmless each
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, subject to §893.80 Wis. Stats.
FURTHER RESOLVED, that the City be and hereby is authorized and directed to certify
to each Bank the foregoing resolutions, that the provisions thereof are in conformity with
law, the names, incumbencies and specimen or facsimile signatures(s) on signature
cards of the officer or officers named therein, and that the foregoing resolutions and
signature cards and the authority thereby conferred shall remain in full force and effect
until this City notifies the Cashier of each Bank to the contrary in writing; and the Bank
may conclusively presume that such resolutions and signature cards are in effect and
that the persons identified therein from time to time as officers of the City have been
duly elected or appointed to and continue to hold such offices.
TH
DATED THIS 9 DAY OF JUNE, 2020.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #046-2020, which
was adopted by the Common Council of the City of Muskego.
_________________________
Deputy Clerk