HomeMy WebLinkAbout12710
~ .
"
.-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RESOLUTION NO. /~7/t!)
RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
EXECUTION OF AN AGREEMENT WITH SECURITY PACIFIC NATIONAL BANK
PROVIDING FOR THE TRANSFER OF FUNDS BETWEEN ACCOUNTS BY THE CITY
WITH SAID BANK UPON TELEPHONE REQUESTS.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The City Treasurer and the Mayor of the City of
San Bernardino are authorized to enter into an agreement on behalf
of said City with Security Pacific National Bank providing for
the transfer of funds between accounts maintained by the City with
said Bank upon telephone requests, upon such terms and conditions
as may be agreed upon between said Officers and the Bank; to
designate the accounts of said City subject to such agreement; and
to appoint such persons, from time to time, who may request such
transfers on behalf of said City in accordance with such agree-
ment, a copy of which is attached hereto, marked Exhibit "A" and
incorporated herein by reference as though set forth at length.
SECTION 2. The authority herein conferred shall continue
in full force and effect until written notice of its revocation
shall be received by said Bank and its banking office at San
Bernardino (307), California.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Be=rdino at ""'" 7~:;;;:;;t;,~ ~etin9 th=eof. held
on the /.yf!! day of! ~.~~ ' 1977, by the following
vote, to wit:
.
. .
.
ABSENT:
councilmen t::.d-:j/ A"": ';/.~/hA-{; ?7~A/C.
~c2/~ U-I ~~'--d~ _ "~n.~_."
~.../--/;~ ~~/../- ~./
7.:t,--- fiI./
AYES:
NAYS:
/7
~~
~~ ;'
~-"4"1f~ c .' rk
The foregoing resolution is hereby approved this /~~ day
-:??~k/ , 1977.
to form:
M~.J
rney
FILED
WAIl ~ . to71
,~ ,/
~.4~){<~,J ~
~~'
."-~
"
-j-.
--;-.' ,..
.
!. ...;~,l':; ,0 ,:...C!..:OJ''-~.
;.IF. r::l'tTt0(
IV
Ps
(
, . i -' .
.. -'! '.';;. r~'J,,,{;.",':n~ .. ,:~
-.~.~ - C~;' ~:"::f
REI'-\DYTRAr'-~SFER AGRt:E\~'Er.!T
SEC1..;;:r:-y PACIFIC NATIONAL BANK
~_~_rnardino Off.e.
_ ReatlyTransf<!f Te,:?phone No.
S"!C...l'.:'1 P..ci!ic Nation.}1 Bnnk is hereb"j authorized ;:0 trJnsf'!r fund,> be:v,;een the "':c:o~,,~s of :he und....:siqrH!d (he,;:!'"..)t",,;! :..et,)w. upon
t~.-:-;-~h-:"I"l.~ r,;-ClUbh made by .:Illy on~ of the ptlfSc.ns authorized, from time to time, to exe,::u!i: c"~ci.;,s or ~.:ner !ti'r'PS fer the '.'ilrhd!~~&.:.: of
fures from Silid accounts, whether alone or join:I", pursuant to the signa..ure authorizations on We with Dank fOf the .i:'spec:;ve accounts.
;....cr' ;:>i?f!lCf'S b~lOg herein called "Au:horized Ptlrsons:'
Najp~s of ;'.l,;COunts
City of San Bernardino-Active
IJ.oyd E. Burcham-Treasurer
C"'~Cj."H19 Acco~nt No.
120..006
Reg:.!'ar Sa".ings Account No. 2l.0-503
Th~ unde~signed agree that all Alithoriz~d Persons shall at aU timei be id.:ontical on each account. and are prE:scnt!\' tha foUc~...i~g:
(T,,';;e r;at(:es or iJ/J aurhorized personsi
"Lloyd E. Burcham......... Treasurer
."Doran C. Fischer....Ch. Deputy- Cj,!:j Treas.
...Edy J. Rose....Deputy
.....~!rew Romero..Deputy
At the time of each request Bank will be giv=n the id~ntification of the OlCCOunts and the respective ucco~nt numbers. Co:"",iirm-a:6on 0:- e~h
tr~:)S~~r will be mailed by Bank on the day thereof to the curr~!lt mailing address specified for the checking account.
TrcOlsfer r.?q:.aests may be made only during Bank's regular posted lobby hours. Transfers from the savings account wi!1 be made only from
co!:ected funds therein and shall be available for withdrawal from the checking account at the opening of Bank"s next b::mking day. 11'\ the
event a returned item to the checking account creates an overdraft, Bank. shall transfer sufficient funds from the savings acco~nt to cover
th'i!' o':!:rd:'2~t.
Federal Regulations prohibit, as a normal practice, tr3mfers of funds from the savings account to the check.ing account to cover ov~rdrahs.
Eac!1 transfer shall ba: considered as the equivalent of a deposit, check Of withdr;;tWJI ordP.r 01'\ the respeoctive eccount for the purposes o!
Bank'S service charges. .
Th.? authority given herein shall continue until ....riaen revocation is rece;ved at your office where the accounts are maintained.
IT !S UN:lERSTOOD THAT THE FUNDS TRA:\:SFER SERVICE IS PROVIDED AS A CONVENIENCE TO THE UNDERSI(lio4'ED AND
THAT BANK SHALL NOT BE LIABLE FOR ANY OF THE FOLLOWING:
1. Transfers of funds between the accounts upon telephone requests which the recipient thereof believed in good faith to have been
gi.",.=o by an a:Jthorized person.
2. The diS'positiQn of funds transferred b~t......~en the accounts which are withdrawn th~refrom by che:k or withdra~ar order exe-.
eu;:~d in acco(d~nce witli the signature authoriza:lort for the respective account on file with Bank.
3. errori> or irregUlarities in any transfer \....h:ch are not reponed to Bank on the day o~ receipt of a confirmation of transfer.
4. Yhe good faith refusal of Bank to honor any reCluest for transfer.
The unciersign.:-d 3(;knowled~es receipt of a coPy of this agreemer,t.
OAT=O, ~_
-y---------
Lloyd E. J~)lI'cham-TrE:>asurer-Cj.ty of San Bernardino
IMuil b? signed by ac.cnunt owner or own~rs of tnd;vidual. sole o~'~ncrsbr or joint :'CCO~l.;t~: in ,he JJ<trlilCrship. o~m~ by all gC'ner.:i1 p.-lr{".f'r;.
of pa~tni:rship accounts; in Ihe corporate name by 1he officers nurned in ~ specl;): 1.:s.(Jlutie;n vf ce,,-porute accounts.)
EXHIBIT "A"