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Home My WebLink AboutR-94-60 RESOLUTION NO. R-94-60 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE MAYOR TO EXECUTE AND THE CITY CLERK TO ATTEST, ON BEHALF OF THE CITY, A BARNETT BANK CORPORATE RESOLUTION FOR THE PURPOSE OF PROVIDING A PAYROLL IMPREST BANK ACCOUNT FOR THE CITY OF SEBASTIAN; PROVIDING FOR REPEAL OF RESOLUTIONS OR PARTS OF RESOLUTIONS IN CONFLICT HEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Sebastian awarded the bid for payroll services on October 12, 1994; and WHEREAS, the City Council desires to enter into a banking arrangement with Barnett Bank for the purpose of providing a payroll imprest bank account for the City of Sebastian. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, THAT: SECTION 1. AGREEMENT. The City Council of the City of Sebastian, Indian River County, Florida, hereby agrees to establish a payroll imprest bank account with Barnett Bank identified as Exhibit "A" to this Resolution, and by this reference incorporated herein. The City Council hereby provides that the facsimile signatures of the City Manager and Finance Director are to be the authorized signatories for the payroll imprest account. SECTION 2. EXECUT'ION. The Mayor of the City of Sebastian is hereby authorized to execute, and the City Clerk to attest, the Barnett Bank Corporate Resolution as agents for the City of Sebastian, SECTION 3. CONFLICT. All resolutions or parts of resolutions in conflict herewith are hereby repealed. SECTION 4. SEVERABILITY. In the event a court of competent jurisdiction shall hold or determine that any part of this Resolution is invalid or constitutional, the remainder of the Resolution shall not be affected and it shall be presumed that the City Council of the City of Sebastian did not intend to enact such invalid or unconstitutional provision. It shall further be assumed that the City Council would have enacted the remainder of this Resolution without such invalid and unconstitutional provision, thereby causing said remainder to remain in full force and effect. EFFECTIVE DATE. This Resolution shall take effect immediately upon SECTION 5. its adoption. The foregoing Resolution was moved for adoption by Councilmember The motion was seconded by Councilmember and, upon being put into a vote, the vote was as follows: Mayor Arthur L. Firtion Vice Mayor Carolyn Corum Councilmember Norma J. Damp Counciimember Robert Freeland Councilmember Francis J. Oberbeck The Mayor thereupon declared this Resolution duly passed and adopted this day of~, 1994. CITY OF SEBA_.S~TIAN, FLORIDA____- .................... -. Arthur L. Firtion Mayor ATTEST: Kathr~n M~/O'.Halloran~ ' CMC/AAE City Clerk " (SEAL) Approved 'as to Form and Content: Clifton A. McClelland, Jr. City Attorney ORPORATE RESOLUTION indian a MUhtetpal Ci<ta/poration duly held on November:: , at which a quorum was present and acting throughout, the following resolutions wore adopted, that the resolutions have been entered upon the regular minute book of this corporation, are in accordance with the Articles of Incorporation and By-Laws, have not been modified or amended, and are now in full force and effect. Resolved: 1, That (City) SebaStian?', :, (State) ("Bank") is hereby designated as a depository of this corporation subject to the rules and regulations set forth in the signature cards of Bank, and amendments thereto, and that the officers of this corporation or any of them are hereby authorized to open a bank account or accounts with Bank, for and in the name of this corporation, and to deposit with Bank in the account from time to time any and all checks, notes, drafts, bills of exchange, monies, acceptances, orders and other items of any kind. 2. (Designate the number of signatures required and authorized signers by title or by name if untitled,) (Number of signatures required -- Check appropriate block.) [] One [] Two [] Three [] Other ,: :' : are hereby authorized to sign (either by actual or facsimile signature) any and all checks, drafts, notes, acceptances, bills of exchange, orders or other instruments for the withdrawal of any and all monies, credits, items and property at any time held by the Bank for account of this corporation. Bank shall be entitled to honor as genuine, and shall be indemnified and held harmless by this corporation against any and all loss, cost, damage or expense suffered or incurred by tbe Bank resulting from or arising out of the payment of all instruments bearing the purported facsimile signatures of officers or agents of this corporation authorized in this resolution, even though the facsimile signatures are actually affixed without authority. 3 That Bank is hereby authorized to pay or cash any instruments payable to or held by this corporation when endorsed as provided herein, 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 ~f drawn, endorsed or payable to cash, bearer or to the individual order of any signing officer or tendered in payment of his individual obligation. 4. (Designate the number of signatures required and authorized signers by title or by name if untitled,) (Number of signatures required -- Check appropriate block.) [] One [--~Two [] Three [] Other That the following: '' of this corporation are hereby authorized to borrow money and to obtain credit for this corporation from Bank on stJch terms as may seem to them advisable, and to make and deliver notes, drafts, acceptances, agreements and any other obligations d this corporation therefor, in form satisfactory to Bank, s gned by J~: :: ~ and as secunty therefor to pledge, withdraw, exchange and substitute any property et this corpor~t on with full authority to endorse or guarantee the same in the name of the corporation, to execute and deliver all instruments and assignments, and to affix the corporate seal, and also to discount any bills receivable or paper of any kind (negotiable or otherwise) with full authority Io endorse same in the name of this corporation· 5. 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 Bank for credit or for collection or otherwise may be made by any one of the foregoing officers, or by rubber stamp. 6. That all prior authorizations in centlicl herewith are hereby revoked except as to acts performed prior to the effective date hereof. 7. That all authorizations contained herein shall continue in full force and effect until revoked or modified by written notice actually received by Bank, setting forth a resolution to lhat effect stated to have been adopted by lhe Board of Directors of this corporation and signed bythe secretary of the assistant secretary of this corporation: and Bank is hereby authorized and directed to at all times rely upon the last resolution of which Bank has actual written notice as to the authorization contained therein and as to the persons who from time to time are its officers, and their signatures, when such notice is signed by one purporting to be the secretary or assistant secretary of this corporation. 8. That tora period of 2 business days after actual receipt of written notice by Bank or a revocation or modification of the authorizations contained in this resolution Bank is authorized to honor as genuine, and shall be indemnified and held harmless by this corporation against any and all loss, cost, damage or expense s~ftered or incurred by the Bank resulting from or arising out of the payment of, any instruments bearing the signature or the purported facsimile signature of any officer or agent of this corporation authorized by this resolution to sign such instruments, even though such authorization has been revoked or modified by this corporation. I turther certify that the foregoing resolutions are fully in accord with and pursuant to the Articles of Incorporation and By-Laws of this corporation. I turther certify that the following persons, whose genuine signatures appear below, are officers of this corporation in the capacity sel opposite their respective signatures, to-wit: (PRINT OR TYPE) City In witness whereof, I have hereunto subscribed my name and affixed the corporate seal, this ?"...;!' 'il' "t3'~L~h ~*~';~,~::' : , t~ ~r~ ~ .::j Seal of Colrporetlon CW 1 2 3 4 5 6 7 8 9 10 ~ P~ious ~i{ions are ~l~e day of 116149 Rev 01gO' (0943) PA