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HomeMy WebLinkAboutCity of Tamarac Resolution R-71-035CITY OF TAMARAC, FLORIDA RESOLUTION # Z WHEREAS, the Charter of the City of Tamarac, Section 175, provides that the City Council shall, from time to time, designate the bank or banks or trust company or trust companies to act as City depositories, and WHEREAS, the City Council is now desirous of repealing its previous resolution authorizing and designating The First National Bank of Margate to be the City depository, and WHEREAS, the City Council is now desirous of appointing and authorizing the Lauderdale Lakes National Bank as the official City depository. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: 1. That the previous resolution designating the First National Bank of Margate as the official City depository is hereby repealed. The City Manager is hereby instructed to close all accounts and withdraw all sums of money deposited in said depository. However, the City Manager may leave with said depository all certificates of deposit until they are fully matured before with- drawing said funds. 2. The Lauderdale Lakes National Bank is hereby appointed and authorized to act and be the official City depository for the City of Tamarac, Florida. 3. The City Manager is hereby instructed and authorized to open any and all accounts that are deemed necessary to implement and carry out the fiscal policies of the City of Tamarac, Florida. 4. The City Council, by resolution, shall, hereafter, from time to time, designate, pursuant to the Charter of the City of Tamarac, those signatures necessary for withdrawal on any account or those signatures necessary on any checks. PASSED, ADOPTED AND APPRO,H, this �} day of , 1971. r` ATTEST,: CITY CLERK -MANAGER City Manager -Clerk I, the undersigned Zaaa as of the City of Tamarac a Corporation organized and existing under the laws of the State of Florida DO HEREBY CERTIFY that at a meeting of the Board of Directors of said Corporation, duly held on 20 April , 19 71, a quorum being present, the following resolutions were adopted and that the said resolutions have been entered upon the regular minute book of said Corporation, are in accordance with the By -Laws and are now in full force and effect, to -wit: RESOLVED, that Lauderdale Lakes National Bank, Lauderdale Lakes, Florida (hereinafter referred to as Bank), be and it hereby is designated as a depository of this Corporation subject to the rules and regulations set forth on the signature cards of said Bank, and any amendments thereto, and that the officers of this Corporation or either or any of them be and they hereby are authorized to open a bank account or accounts with the Bank for and in the name of this Corporation, and to deposit with the said Bank in the said account from time to time any and all checks, notes, drafts, bills of exchange, moneys, acceptances, orders and other items of any kind. Further, RESOLVED, that the _ r City Ma;. -a and _� Manager Clerk (Please insert above titles (not names) of officers, for example: President, Treasurer, etc., also, if more than one is inserted, indicate whether they are to sign singly, any two, jointly, or otherwise.) and their successors in office, (or either) (or any of them) be and they are hereby authorized to sign any and all checks, drafts, notes, acceptances, bills of exchange, orders or other instruments for the payment and withdrawal of any and all moneys, credits, items and property at any time held by the Bank for account of this Corporation. Further, RESOLVED, that the Bank is hereby authorized to pay or cash any such instruments and any instru- ments payable to or held by this Corporation when endorsed as aforesaid, and also to receive the same for credit to the account of or in payment from the payee or any other holder (including any officer of this Corporation), without inquiry as to the circumstances of issue or endorsement thereof, or the disposition of the proceeds, even if drawn, endorsed or payable to cash, bearer or to the individual order of any signing officer or tendered in payment of his individual obligation. Further, RESOLVED, that the hereinafter specified officers of this Corporation are hereby authorized to bor- row money and to obtain credit for this Corporation from said Bank on such terms as may seem to them advisable, and to make and deliver notes, drafts, acceptances, agreements, and any other obligations of this Corporation therefor, in form satisfactory to the Bank, signed by Mayor and City Manager—Cl Prk (Please insert above titles (not names) of officers, for example: President, Treasurer, etc., also, if more than one is inserted, indicate whether they are to sign singly, any two, jointly, or otherwise.) and as security therefor to pledge and trustee, withdraw, exchange and substitute any stocks, bonds, bills and accounts receivable, bills of lading, warehouse receipts, or any other property of this Corporation, with full autho- rity to endorse or guarantee the same in the name of this Corporation, to execute and deliver all instruments and assignments and transfer and to affix the Corporate seal; and also to discount any bills receivable or paper of any kind (negotiable or otherwise) with full authority to endorse same in the name of this Corporation. Further, RESOLVED, that endorsements on behalf of this Corporation upon any and all commercial paper of any kind deposited by or on behalf of this Corporation with the Bank for credit or for collection or otherwise may be made by any one of the foregoing officers, or by rubber stamp. Further, RESOLVED, that all the foregoing authorities shall be and continue in full force and effect until revoked or modified by written notice actually received by the Bank, setting forth a resolution to that effect stated to have been adopted by the Board of Directors of this Corporation, and signed by the secretary or assistant secre- tary of this Corporation and bearing this Corporation's seal; and the Bank is hereby authorized and directed to at all times rely upon the last notice received by it of any resolution as to the foregoing authorities and as to the per- sons who from time to time are its officers, and their signatures, when such notice bears this Corporation's seal and is signed by one purporting to be its secretary or assistant secretary. I FURTHER CERTIFY that the foregoing resolutions are fully in accord with and pursuant to the by-laws of said Corporation. I FURTHER CERTIFY that the following persons, whose names appear below, are officers of said Corpora- tion in the capacity set opposite their respective names, to -wit: I. H. WILDERMAN; MAYOR Pres. (City Manager -Clerk ^ ? r SEC IN WITNCSS WHERWF, I have hereunto subscribed my name and affixed this 2 3 rd day of April , 19 71 /7 (Sealyof`.Corj oration) H . D C R cl eoss CITY MANAGER -CLERK I of said Corporation, ��,.,l,lt o.:"\c.04%