HomeMy WebLinkAboutResolution No. 2000-16 . , � RESOLUTI�N N0. R2000-16 Page of '
� NEW A RESOLUTION OF THE CITY OF FRIENDSWOOD,
❑ REPLACEMENT TEXAS , . AS7TH:ORI'!�ING TH�; .CIT.Y TO�.'OPE'N A �
CONT'1�'OLLED DISBURSEDI'ENT' A�C'OU?�T �'AT� CHA�E'' `
BANK ' , �
9•
CERTIFICATE REGARDING ACCOUNT(S) �
(SPECIAL ENTITIES)
CUSTOMER NAME: CITY OF FRIENDSWOOD —��`S b�,.s er+��-�' �c�u-� (the "Customer")
This Certif�cate Regarding Accounl(s) is provided to Chase Bank of Texas, N.A. (the "Bank") with respecl to the
following (check either"Single Account" or"Multiple Accounts" below):
L"J SINGLE ACCOUNT: If this certificate applies to only one account, complete the following blanks (if this
certificate applies to more than one account, do not complete the account styling and account number blanks, but
check the box for Multiple Accounts below):
ACCOUNT STYLING: City of Friendswood—Disbursement Account
ACCOUNT NUMBER: O�n30d O S3 ��� (the "Account")
❑ MULTIPLE ACCOUNTS: If this certificate applies to more than one account, list Account numbers and Accounf
stylings below (it is not necessary to complete this section if this certificate applies to only one account). The
Taxpayer identification Number must be the same for each account listed. The Account(s) listed below are
collectively called the "Accounts".
Accounl Number Account Styling
1. Certification. The undersigned, as (check applicable box): ❑ Secretary or ❑ Assistant Secretary or ❑
(indicate capacity in which the undersigned gives this certificate) Ma,yor ,
of the Customer (the "Certifying Officer"), certifies that; (a) the governing body (the "Governing Body") of Customer is
(check applicable box): � a Board of Directors or � (name of Customer's governing body)
the City Council or ❑ ihere is no
governing body of the Customer; (b) if a Governing Body exists, resolutions authorizing the agreements and other
matters contained in this certificate have been duly adopted by the Governing Body of the Customer, as required by
the charter and other organizational documents of the Customer, and are recorded in the minute books of the
Cuslomer, and have not been rescinded, modified or amended, or if no Governing Body exists, the Certifying Officer
has lhe authorily to make the agreements and certifications contained in this certificate.
2. Bank as Depositor�%. The Bank has been selected as a depository for the funds of ihe Customer. The Bank
may obtain information from any sources, including credit investigations, as it deems appropriate. Opening any
Account wili constitute the Customer's agreement to the Bank's Terms and Conditions of Deposit Accounts (as they
may be amended from time to time) and to each of the agreements reflected in this certificate.
3. Authorized Persons. The Bank may allow funds to be withdrawn from any Account on the check, drah, or
other order o( payment bearing the Account number(s) (and any indebtedness thereby created will be the
indebledness of the Customer)when signed by (SPECIFY NUMBER OF SIGNATURES REQUIRED)�_ of the
following persons ("Authorized Persons") (if this certificate applies to multiple accounts, all Authorized Persons and
Special Instructions for each Authorized Person must be the same for all of the Accounts):
PLEASE TYPE OR PRINT PLAINLY BELOW THE NAMES OF THE AUTHORIZED PERSONS
NAME FACSIMILE SPECIAL INSTRUCTIONS, IF ANY
(type YES i(appliCable)
Ronald E, Cox Yes
Roger C, Roecker Yes
Harold L. Whitaker
Deloris A. McKenzie
C-440•00231 (Rev. 7/98)
MQ00231C.FRP
. . "" �` Page �of •
4. Facsimile Signat..,es. The Bank may honor checks, drafts or other orders for payment bearing or purporting to
bear the facsimile signature of any of the Authorized Persons whose name above is followed by the word "YES"
under the Facsimile column, regardless of by whom or by what means the actual or purported facsimile signature
may have been affixed, if the signature resembles the facsimile specimen on file with the Bank (if the Authorized
Person is to have only facsimile signing authority, with no manual signature authority, type "FACSIMILE ONLY"
under Special Instructions). To induce the Bank to accept items bearing facsimile signatures, the Customer
agrees that there is no commercially reasonable method by which the Bank can determine the authenticity
or authority of facsimile signatures, and the Customer assumes all risk of forged or unauthorized items
bearing such a facsimile signature and agrees that the Bank will not be liable for payment of such items.
5. Changes in Authorized Persons.
(SPECIFY NAME OF INDIVIDUAL)
may instruct the Bank to add or delete signatories to an Account by a written notice to the Bank (a "Change
Certificate"), certifying the signature of each additional signatory and setting forth any limitations on the authority of
signatories. Upon receipt of a Change Certificate the Bank may (a) make conforming additions and deletions to any
signature card on flle with the Bank (whether the signature card was provided to the Bank prior to or after the date of
this certificate), and (b) treat any of the persons then authorized on an Account as Authorized Persons under this
certificate for all purposes.
6. Authority on Accounts. Each Authorized Person, acting alone, may (a) endorse checks and drafts for deposit
or encashment and demand and receive the proceeds thereof, (b) sign for and receive the Account statements and
appoint agents to sign for and receive those documents, (c) stop payment against checks of the Customer, (d) give
instructions to the Bank regarding the Accounts (except instructions relating to adding and deleting authorized
signers if more than one signature is required on a Change Certificate), and (e) otherwise bind the Customer by
signing any agreement with the Bank affecting any Account.
7. Oral Instructions. The Bank, at its option, may honor any telephonic or other oral instructions from any
Authorized Person concerning any Account, including instructions regarding wire transfers and intrabank transfers to
and from any Account, without requiring a signature of an Authorized Person (unless the Bank has agreed to
restrictions on such transfers in a separate agreement with the Customer). The Bank has no duty to inquire about
the circumstances of such instructions, even if the instructions involve a transfer to the individual order of, or in
payment of any individual obligation of, any Authorized Person or other officer, agent, employee or representative of
the Customer or otherwise.
8. Conflicting Instructions. If at any time any two or more Authorized Persons or other persons purporting to be
authorized to act on behalf of the Customer give the Bank conflicting instructions regarding the authority of other
persons named in this certificate, the Bank may (a) honor one or more of such instructions which are consistent with
this certificate, (b) refuse to honor any such instructions until the Bank receives jointly agreed instructions from all
persons who had issued conflicting instructions, or (c) interplead the funds in the Account(s) subject to conflicting
instructions. The Bank will not be liable to the Customer or any other persons for following any of these options.
9. Continued Effectiveness. This certificate will continue in full force and effect until the Bank actually receives
written notice from the Customer revoking or modifying this certificate, and the Bank may conclusively presume that
this certificate is in effect and that the persons identified from time to time as officers of the Customer by certificate of
the Certifying Officer have been duly elected or appointed and continue to hold such offices.
Executed this 2lstday of February 2000
Customer Name: City of Friendswood
Signature of Certifying Officer: Signature: /�
Typed/Printed Name: Harold L. Whitaker
Title: Mayor