R-4854
RESOLUTION NO. 4854 (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA AUTHORIZING THE
ESTABLISHMENT, USE, AND INVESTMENT OF
ONE OR MORE DEPOSIT ACCOUNTS WITH CERTAIN
BANKS AND SAVINGS AND LOAN ASSOCIATIONS;
AUTHORIZING FACSIMILE SIGNATURES BY
ROBERT H. NASH AND KAY WATANABE; AND
AUTHORIZING CERTAIN OFFICERS AND
EMPLOYEES TO ENTER SAFE DEPOSIT BOX "B"
AT THE UNITED CALIFORNIA BANK.
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE
AS FOLLOWS:
SECTION 1. That the City of Santa Monica, a municipal
corporation, establishes in its name one or more deposit accounts
with the Santa Monica Bank, the Bank of America National Trust and
Savings Association, the United California Bank, The Security Pacific
National Bank, City National Bank, Union Bank, the Chase Manhattan
Bank, New York, New York; Crocker-Citizens National Bank, the Calif-
ornia First Bank, Lloyd's Bank, Wells Fargo Bank, The Bank of
California, and the Ocean State Bank upon such terms and conditions
as are provided by the Statutes of the State of California governing
public deposits; and that Robert H. Nash, Director of Finance-City
Controller, and Kay Watanabe, Assistant Director of Finance/City
Treasurer, be and they hereby are authorized by establishing such
accounts.
SECTION 2. That the City of Santa Monica, a municipal
corporation, establishes in its name one or more deposit accounts with
American Savings and Loan Association, California Federal Savings and
Loan Association, Century Federal Savings and Loan Association, Coast
Federal Savings and Loan Association, Culver Federal Savings and Loan
Association, First Federal Savings and Loan Association of Santa Monica,
Gibraltar Savings and Loan Association, Glendale Federal Savings and
Loan Association, Great Western Savings and Loan Association, Imperial
Savings and Loan Association, Lincoln Savings and Loan Association,
State Mutual Savings and Loan Association, and World Savings and Loan
Association, Home Savings and Loan Association, upon such terms and
conditions as are provided by the Statutes of the State of California
governing public deposits; and that Robert H. Nash, Director of Finance-
City Controller, and Kay Watanabe, Assistant Director of Finance/City
Treasurer, be and they hereby are authorized by establishing such
accounts.
SECTION 3. That Robert H. Nash, Director of Finance-City
Controller, and Kay Watanabe, Assistant Director of Finance/City
Treasurer, be and they hereby are authorized to withdraw funds from
said accounts upon warrants and/or checks signed as provided herein
with signatures duly certified to said banks by the City Clerk of the
City of Santa Monica, and said banks are hereby authorized to honor
and pay any and all warrants and/or checks so signed, including those
drawn to the individual order or any officer or other person authorized
to sign the same.
SECTION 4. That the Santa Monica Office of the Santa Monica
Bank, United California Bank, and Bank of America National Trust and
Savings Association, as designated depositories of the City, be and
they, including their correspondent banks, hereby are requested,
authorized, and directed to honor all checks, drafts, or other orders
for the payment of money 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 Robert H. Nash
and Kay Watanabe in lieu of said person's manual signature; provided
that all previous authorizations for the signing and honoring of checks,
drafts, or other orders for the payment of money drawn on said banks by
the City hereby are continued in full force and effect as amplified hereby.
SECTION 5. That the said banks, including their correspond-
ent banks, shall be entitled to honor and charge the City for all such
checks, drafts, or other orders for the payment of money, regardless of
by whom or by what means the actual or purported facsimile signature
thereon may have been affixed thereto, if such facsimile signature
resembles the facsimile specimens from time to time filed with said banks
by an officer of the City.
SECTION 6. That the City of Santa Monica, a municipal cor-
poration, has rented safe deposit box "B" at the United California Bank,
and that Robert H. Nash, Director of Finance-City Controller or
Ray Randolph, Accounting Supervisor, jointly with Kay Watanabe, Assistant
Director of Finance/City Treasurer, or Vera Graves be and they are
hereby authorized to enter said safe deposit box.
SECTION 7. Resolution No. 4421 (CCS); Resolution No. 3671
(CCS); Resolution No. 4420 (CCS); and Resolution No. 4700 (CCS) and all
other resolutions in conflict herewith are hereby repealed.
SECTION 8. The City Clerk shall certify to the adoption of
this resolution, and thenceforth and thereafter the same shall be in full
force and effect.
ADOPTED AND APPROVED this 12th day of
April
, 1977.
, r-;--
--;y j$,i~1 . /~
Mayor
ATTEST: