CC RES 1998-054 RESOLUTION NO. 98-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DESIGNATING AUTHORIZED SIGNERS ON BANK ACCOUNTS AND
AUTHORIZING THE USE OF FACSIMILE SIGNATURES
WHEREAS, Bank of America requires authorization for the use of facsimile signatures
(signature plates) for banking transactions; and
WHEREAS, on December 15, 1992, the City Council of the City of Rancho Palos Verdes
adopted Resolution 92-123, authorizing the use of facsimile signatures; and
WHEREAS, Resolution 97-63 authorizes the City Council to designate signers on the City's
accounts with Bank of America; and
WHEREAS, in accordance with Resolution 97-63, the signatures (both facsimile and
handwritten) of Paul Bussey, City Manager, and Dennis McLean, Finance Director, shall
continue to be authorized for all transactions created through July 1, 1998;
WHEREAS, effective July 1, 1998, the signatures (both facsimile and handwritten) of Les
Evans, City Manager, and Dennis McLean, Finance Director, shall be authorized;
WHEREAS, effective July 2, 1998, the signature of Paul D. Bussey shall no longer be
authorized;
WHEREAS, on June 16, 1998, the City Council considered the use of facsimile signatures
for payments of money drawn in the name of Rancho Palos Verdes;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES THE FOLLOWING:
Bank of America, NT & SA, being the designated depository of the City of Rancho Palos
Verdes (including its correspondent banks), is as of July 1, 1998 hereby requested, authorized
and directed to honor all checks, drafts or other orders for payment of checking and savings
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 signatures of Les Evans, City Manager, and Dennis McLean, Finance Director; and
Effective July 1, 1998, Bank of America shall be entitled to honor and to charge the City of
Rancho Palos Verdes for all such checks, drafts, or other orders for the payment of money,
regardless of by when or by what means the actual or purported facsimile signature may have
been affixed thereto, if such facsimile signature resemble the signatures of Les Evans, City
Manager, and Dennis McLean, Finance Director; and
Effective July 1, 1998, Bank of America shall be entitled to honor and to charge the City of
Rancho Palos Verdes for all such checks, drafts, or other orders for the payment of money,
regardless of by when or by what means the actual or purported signature may have been
affixed thereto, if such signature resemble the signatures of any combination of two authorized
signers which includes either Les Evans, City Manager, and/or Dennis McLean, Finance
Director along with the Mayor, and in the event of the absence of the Mayor, the Mayor Pro
Tem;
Effective July 2, 1998, the signature of Paul D. Bussey shall no longer be authorized.
PASSED, APPROVED, AND ADOPTED THE 16TH DAY OF JUNE, 1998.
MO R
ATTEST:
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CITY CLERK
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 98-54 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on June 16, 1998.
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CITY 'LERK
Resol. No. 98-54