HomeMy WebLinkAboutCC RESO 15,178RESOLUTION NO. 15,178
RESOLUTION OF THE CITY COUNCIL, OF 'nit CITY OF NATIONAL CITY
AUTHORIZING AND APPROVING FUNDS ON ORAL INSTRUCTIONS
AND A FUNDS TRANSFER AGRF NT WITH THE BANK OF
AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION,
NATIONAL CITY, CALIFORNIA
WHEREAS, the Bank of America, National City Branch, has new and
specific requirements for funds transfer on oral instructions and for a
funds transfer agreement and the City of National City wishes to continue
funds transfers on oral instructions.
NOW, ARE, BE IT RESOLVED by the City Council of the City of
National City, California, as follows:
(1) The Corporation Resolution: Funds Transfer on Oral
Instructions dated December 9, 1986 is hereby approved and
adopted.
(2) The Funds Transfer Agreement dated December 9, 1986 is hereby
approved and adopted and the Mayor is hereby authorized to
execute said Agreement on behalf of the City.
(3) Schedule A, Authorized Persons, Schedule B, Authorized
Callers, Funds Transfer Supplemental Instructions and
Required Beneficiaries Section are each hereby approved and
adopted.
A copy of each of the above instruments is on file in the Office
of the City Clerk and reference is hereby made to all particulars contained
therein.
PASSED and ADOPTED this 13th day of January, 1987.
ATTEST:
Ac
George H. Waters, Mayor
Ione Campbell, City Clerk
APPROVED AS TO FORM:
GJ4,..13t
George H. riser, III - City Attorney