CC RES 1992-123RESOLUTION NO. 92 -123
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AUTHORIZING THE USE OF FACSIMILE SIGNATURES
WHEREAS, Bank of America has requested Council authorization
for the use of facsimile signatures for banking transactions; and
WHEREAS, on December 15, 1992, the City Council considered the
use of facsimile signatures for payments of money drawn in the name
of Rancho Palos Verdes;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DOES HEREBY RESOLVE AS FOLLOWS:
Section 1: That Bank of America, NT & SA as a designated
depository of the City of Rancho Palos Verdes be and it '_including
its correspondent banks), is hereby requested, authorized and
directed to honor all checks, drafts or other orders for payment of
money drawn in the City of Rancho Palos Verdes' name on its
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
Brent Mattingly, Finance Director; and
Section 2: 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 or
signatures thereon may have been affixed thereto, if such facsimile
signature or signatures resemble the facsimile specimens from time
to time filed with Bank of America, NT & SA, by the Finance
Director of Rancho Palos Verdes; and
Section 3: That all previous authorizations for the signing
and honoring of checks, drafts or other orders for payment of money
drawn on the said Bank of America, NT & SA by Rancho Palos Verdes
are hereby continued in full force and effect as amplified hereby.
PASSED, APPROVED, AND ADOPTED THE 15TH DAY OF DECEMBER, 1992.
May r
ATTEST:
� 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. 92 -123 was duly and
regularly passed and adopted by the said City Council at a regular
meeting thereof held on December 15, 1992.
CITY CLERK, CITJ4 OF RANCHO PALOS VERDES