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HomeMy WebLinkAboutCity Council Resolution 2278 RESOLUTICN NO. 2278 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARA~ CONCERNING THE USE OF FACSIMILE SIGNATURES FOR ORDERS FOR THE PAYMENT OF MONEY THROUGH PACIFIC VALLEY BANK NOW, THEREFORE, BE IT RESOLVED, that Pacific Valley Bank as a designated depositary of this corporation be and it (including its correspondent banks) is hereby requested, authorized and directed to honor all checks, drafts or other orders for the payment of money drawn in this corporation's name on its payroll accounts (including those drawn to the individual order of any person or persons whose names appear thereon as signer or signers thereof) when bearing or purporting to bear the facsimile signature(s) of both of the following: MARRY R. PEACOCK C~O. FORD and Pacific Valley Bank (including its correspondent banks) shall be entitled to honor and to charge this corporation for all such checks, drafts or other orders for the payment of money, regardless of by whom or by what means the actual or purported facsimile signature or signa- tures thereon may have been affixed thereto, if such facsimile signa- ture or signatures resemble the facsimile specimens from time to time filed with Pacific Valley Bank by the Secretary or other officer of this corporation; and BE IT FURTHER RESOLVED, that all previous authorizations for the signing and honoring of checks, drafts or other orders for the payment of money drawn on the said Pacific Valley Bank by this corporation are hereby continued in full force and effect as amplified hereby. The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the second day of October, 1985, by the following vote: AYES: Councilmembers Callcn, Hlava and Mayor Clevenger lqOES: None ABSENT: Councilmembers Fanelli and Moyles ATI?bT: Deputy City ( I, Grace E. Cory, Deputy City Clerk of the City of Saratoga, a munici- pal corporation organized and existing under the laws of the State of California, do hereby certify that, at a meeting of the City Council duly held on the second day of October 1985, at which a quorum was present and acting throughout, the above resolution was adopted and is now in full force and effect. Deputy city Cle"rk ~