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R-7365 .. .. e e council Meeting January 27, 1987 Santa Monica, California RESOLUTION NO. 7365(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, SAVINGS AND LOAN ASSOCIATIONS AND BROKER/DEALERS 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 Alliance Bank of Culver city, American City Bank, American Pacific State Bank, Bank of America National Trust and savings Association, Bank of Beverly Hills, Bank of Marina Del Rey, Bankers Trust Company, Brentwood Bank, California First Bank, California Korea Bank, Century Bank, city National Bank, Chase Manhattan Bank, Columbia National Bank, First Interstate Bank of California, First National Bank of Chicago, First Pacific Bank, First Women's Bank of California, Imper ial Bank, Manufacturers Hanover Trust, Olympic National Bank, Republic Bank of Dallas, Santa Monica Bank, sanwa Bank of California, Security Pacific National Bank, Sumitomo Bank of California, Union Bank, Wells Fargo Bank, and Western Bank of Commerce, upon such terms and conditions as are provided by the statutes of the state of California governing public deposits; and that Charles M. Dennis, - 1 - .A- e e Director of Finance/City Controller, and Ralph E. Bursey, city Treasurer/Revenue Manager, be and they hereby are authorized to establish 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, Bel-Air Savings and Loan Association, Beverly Hills Savings and Loan Association, Brentwood Savings and Loan Association, California Federal savings and Loan, Centurion Savings and Loan Association, century Federal Savings and Loan Association, Coast Federal Savings and Loan Association, Fidelity Federal Savings and Loan Association, First Federal Savings Bank, First Nationwide Savings and Loan Association, Gibraltar Savings and Loan Association, Glendale Federal savings and Loan, Great Western Savings and Loan Association, Hawthorne Savings and Loan Association, Home Federal savings and Loan Association, Home Savings of America, Imperial Savings and Loan Association, Lincoln Savings and Loan Association, Los Angeles Federal Savings, Marina Federal Savings, Mercury savings and Loan Association, Pacific Federal Savings Bank, Perpetual Savings and Loan Association, Provident Federal savings and Loan Association, Sears Savings Bank, Southern california Savings and Loan Association, Southwest Savings and Loan Association, Westdale Savings and Loan, Western savings and Loan, and World savings and Loan Association, upon such terms and condi tions as are provided by the statutes of the state of California governing public deposits~ and that Charles M. Dennis, Director of Finance/City Controller, and Ralph E. Bursey, city - 2 - e e Treasurer/Revenue Manager be and they hereby are authorized to establish such accounts. section 3. That the city of Santa Monica, establishes in its name one or more investment/deposit accounts with First Boston Corporation, Goldman Sachs & Company, Kidder Peabody & Company, Inc. , Merrill Lynch Government securi ties Inc. , Prudential-Bache Securities, and Dean Witter Reynolds; and that Charles M. Dennis, Director of Finance/City Controller, and Ralph E. Bursey, city Treasurer/Revenue Manager be and they hereby are authorized to establish such accounts. section 4. That the Santa Monica office of the Santa Monica Bank, First Interstate Bank and the 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 Charles M. Dennis and Ralph E. Bursey 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 city of Santa Monica, a municipal corporation, has rented safe deposit box liB" at the First - 3 - -" . e Interstate Bank, and that Charles M. Dennis, Director of Finance/City Controller, or Ralph E. Bursey, City Treasurer/Revenue Manager, jointly with William R. Ramsey, Assistant Director of Finance, or Esmeralda Kelley be and they are hereby authorized to enter said safe deposit box. section 6. The provisions of this Resolution shall be efective Jan. 27, 1987 Resolution Number 7186 and all other Resolutions in conflict herewith are repealed effective Jar.. 27, 1987 Section 7. The City Clerk shall certify to the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and effect. APPROVED AS TO FORM: ~ k..... ~ l- ROBERT M. MYERS 0------ city Attorney jresl1386 - 4 - - e 27th day of January, 1987. ----- I hereby certify tha foregoing Resolution No. 7365(CCS) was ncil of the city of Santa Monica at a meeting thereof held on January 27, 1987 by the following Council vote: Ayes: Councilmembers: Finkel, Jennings, A. Katz, H. Katz, Reed, Zane and Mayor Conn Noes: councilmembers: None Abstain: Councilmembers: None Absent: Councilmembers: None - -'\.. - ATTEST :..... "- ~ 'A"~' City--clerk -::~. ".