CC RES 1997-063RESOLUTION NO, 97 -63
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 has requested 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 92 -123 authorizes the Finance Director to designate signers on the
City's accounts with Bank of America; and
WHEREAS, on July 1, 1997, 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 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 Paul Bussey, City Manager, and Dennis McLean, Finance Director; and
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 Paul Bussey, City Manager, and Dennis
McLean, Finance Director; and
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 Paul Bussey, 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; and
Resolution 92 -123 is hereby amended, whereby, the City Council only, shall designate
officials of the City who shall be valid signers on the City's bank accounts with the Bank of
America or any other financial institution.
PASSED, APPROVED, AND ADOPTED THE
ATTEST:
State of California
County of Los Angeles
City of Rancho Palos Verdes
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WIP
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I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 97 -63 was duly and regularly passed and adopted by the said City Council
at regular meeting thereof held on July 1, 1997.
CITY CLERK
CI OF RANCHO PALOS VERDES
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