R-4919
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RESOLUTION NO. 4919 (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 munlcipal
corporation, establishes in its name one or more deposit accounts wlth
the Santa Monica Bank. the Bank of America National Trust and Savlngs
Association, the United California Bank, the Security Pacific National
Bank, City National Bank, Union Bank. the Chase Manhattan Bank, New York.
New York; Crocker Natlonal Bank. the California First Bank. Lloyd's Bank.
Wells Fargo Bank. the Bank of California. and the Ocean State Bank upon
such terms and conditlons 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 Monlca, a municipal corpor-
ation, establishes in its name one or more deposit accounts with American
Savings and Loan Associatlon, California Federal Savings and Loan Association,
Century Federal Savings and Loan Association, Coast Federal Savings and
Loan Association, Culver Federal Savlngs 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 Associatlon. Home Savings and loan Association. Imperial
Savings and Loan Association. Llncoln Savings and Loan Association. State
Savings and Loan Associatlon. State Mutual Savings and Loan Association.
and World Savings and Loan Assoclation. upon such terms and condltions as
are provided by the Statues of the State of California governing public
deposits; and that Robert H. Nash, Director of Finance-City Controller. and
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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 slgn the same.
SECTION 4. That the Santa Monica office of the Santa Monica Bank,
United_ California Bank, the Bank of Amer1ca Nat10nal 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 bear1ng 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
sa1d banks by the City hereby are continued in full force and effect as
amplified hereby.
SECTION 5. That the said banks, including their correspondent
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 facsim1le 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 corporation,
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.
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SECTION 7. Resolution No. 4421 (CCS); Resolution No. 3671 (CCS);
Resolution No. 4420 (CCS); Resolution No. 4700 (CC5). and Resolution No.
4854 (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 13th day of _. SepteIl\ber ,1977.
/JJ~ )~,L
MAYOR
ATTEST:
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{; CITY CL.ERK
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I hereby certify that the foregolng resolution was
duly adopted at a regular Council meeting on the 13th day
of September, 1977 by the following vote of the City
Council.
AYES:
Councilmembers: Bambrick, Reed, Scott,
van den Steenhoven,
Mayor Swink
NOES:
Councilmembers: None
ABSENT:
Councilmembers: Cohen, Trives
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V-/CitYC1erk -~
APPROVED AS TO FO~I:
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Richard Knlckerbocker, City Attorney
BY: SAMUEL I. STREICH!1AN,
ASSlstant City Attorney
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