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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: