HomeMy WebLinkAbout2003-38 Bank Secrecy Act .ESO.U~.O..O. ~00~-U~
^ RESOLUT,O. ^DO.T,.~ ^. ,.VEST~E.T
RESOLUTION FOR U.S. BANK TO MEET THE
REQUIREMENTS OF THE BANK SECRECY ACT.
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1. The attached resolution entitled "Investment Resolution" is adopted.
SECTION 2. This resolution takes effect upon signing by the Mayor.
This resolution was read by title only in accordance with Ashland Municipal Code
§2.04.090 duly PASSED and ADOPTED this
Barbara Christensen, City Recorder
day of December , 2003.
SIGNED and APPROVED this
day of ~,2003.
R,e~iewed as to form:
Paul Nolte, City Attorney
Alan W. DeBoer, Mayor
1- INVESTMENT RESOLUTION G:\legal\Office\ORD\l\lnvestment Reso USBank.wpd
INVESTMENT RESOLUTION
RESOLVED, that any _
Financial Manager
(Name of Municipality)
t~ of the officers of this municipality designated below:
Treasurer
Other:
is/are authorized, on behalf of and in the name of this municipality, (a) to direct, orally or in
writing or electronically or through any other medium agreed to by said officer(s) and the
Corporate Treasury Division of U.S. Bank N.A. ("Treasury"), the opening of an investment
account and the investment of municipal funds in securities and/or time deposits with and/or
through Treasury through such account; (b) to execute, on behalf of the municipality, contracts or
agreements in connection with such investment account in the usual form provided by Treasury
for such accounts generally; (c) to receive in respect of said Investment account confirmations,
receipts, notices, demands, reports, and communications of any kind; (d) to receive in respect of
said investment account money, securities, time deposits, and property of every kind, and to
dispose of same; (e) to endorse and deliver for deposit, negotiation, transfer, pledge, or sale, and
to identify or guarantee signatures or endorsements on, notes, certificates of deposit, checks, and
securities of all kinds, either belonging to or coming into the possession of the municipality; and
(f) to authorize, orally or in writing or through any other medium agreed to by said officer(s) and
Treasury, the debiting and/or crediting by Treasury of this municipality's deposit account(s) at
any financial institution for the purpose of effecting such transaction.
FURTHER RESOLVED, that the Clerk of Council of this municipality is authorized and
directed to certify to Treasury the foregoing resolutions and that the provisions thereof are in
conformity with the Articles and Bylaws of this municipality and to certify to Treasury the
names of the persons now holding the offices referred to above and any changes hereafter in the
persons holding said offices together with specimens of the signature of such present and future
officers.
FURTHER RESOLVED, that the authority granted to the officers of this municipality shall
continue in full force and effect, and Treasury may rely thereon in dealing with such officers,
unless and until written notice of any change in or revocation of such authority shall be delivered
Customer Number 777-224557
to Treasury by an officer of this municipality, and any action taken by said officers and relied on
by Treasury pursuant to the authority granted herein to its receipt of such written notice'shall be
fully and conclusively binding on this municipality.
FURTHER RESOLVED, that the actions of any officer of this municipality heretofore taken in
opening an investment account with Treasury and in the investment of municipality funds
through such account, be, and the same hereby are in all respects, ratified, confirmed, and
approved.
FURTHER RESOLVED, that all prior resolutions of this municipaltiy authorizing the opening
of an investment account with Treasury and the investment of municipality funds through such
account, be, and the same hereby are, rescinded and superseded as to all such transactions with
respect thereto effected after the date of adoption of these resolutions.
CERTIFICATE
I hereby certify that I am the duly elected, qualified and acting
Clerk of Council and the custodian of the records of
/ 0
good standing under the laws of the State of ~
, a municipality organized and existing and in
I further certify that set forth below are the true titles, names and genuine signatures of the duly
elected or appointed, qualified and acting officers of the municipality presently holding such
offices who are authorized under the foregoing resolutions:
NAME* SIGNATURE*
Mayor /~///~
/
Customer Number 777-224557
City Manager
Finance Manager
Treasurer
Deputy Treasurer
Clerk of Council
Other
Other
Other
Title and Name
* Only the names and signatures of officers who will act in this transaction need be inserted.
IN WITNESS WHEREOF, I have affixed by name in my official capacity as
~-~ gr/~ ~ Clerk of Council on this .~ dayof
, oo,J.
Clerk of Council
Customer Number 777-224557