Res 997 - Repeal Res 944
COUNCIL BILL NO. 1221
RESOLUTION NO. 997
A RESOLUTION ESTABLISHING DEPOSITORIES FOR CITY FUNDS, AUTHORIZING WITHDRAWALS
THEREFROM BY CERTAIN OFFICERS, AND REPEALING RESOLUTION NO. 944.
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. That the following banks, at anyone or more of their
offices or branches, are hereby designated as depositories of funds for the City
of Woodburn:
First Interstate Bank of Oregon
United Stated National Bank
Key Bank of Oregon
Seafirst Bank
Williamsburg Savings Bank
Benjamin Frankl in Savings & Loan
First Security Bank
Pacific First Bank
Deposited funds may be withdrawn on checks, drafts, receipts, or advices of debit
given or signed in the name of the City of Woodburn by any two (2) individuals
in the following positions:
Mayor
City Administrator
Finance Director
Deputy Recorder
Nancy A. Kirksey
Michael 1. Quinn
Carolyn J. Murray
Mary E. Tennant
and that said banks shall be and are authorized to honor and pay the same whether
or not they are payable to bearer or to the individual order of any person or
persons signing the same.
Section 2, That aforesaid persons are authorized and empowered to
make, collect, discount, negotiate, endorse and assign, in the name of the City
of Woodburn, all checks, drafts, notes, and other paper payable to or by the City
of Woodburn; to make and enter into any and all agreements, including but not
limited to, Special Depository Agreements and Arrangements with reference to the
manner in which, the conditions under which, or the purposes for which
Page 1 - COUNCIL BILL NO. 1221
RESOLUTION NO. 997
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funds, checks, or other items of the City of Woodburn may be deposited,
collected, or withdrawn; to delegate to others such authority in connection with
any Special Depository arrangement that may be deemed appropriate, and to do and
perform such other and further acts and things in connection with or pertaining
to the establishment of any account or the transaction of any banking business
with said banks as they may consider proper.
Sect i on 3. That the authority hereby conferred upon the above
individuals shall remain in full force and effect until written notice of the
revocation thereof shall have been delivered to and received by the bank(s) at
the branch(es) or office(s) where such account(s) is (are) maintained.
Section 4, That Resolution No. 944 is hereby repealed and revoked.
Approved as to
form: II.~ ~/j
City Attorney
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Date
APPROVE~~d~~1
NANCY A. KI EY, MAYOR /
/
Passed by the Council
May 14, 1990
May 16, 1990
May 16, 1990
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
May 16, 1990
ATTEST /J~L:.-~d
Mary en~nt, Deputy Recorder
City of Woodburn, Oregon
Page 2 - COUNCIL BILL NO. 1221
RESOLUTION NO. 997
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