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R E S O L U T I O N N O . 0 3 - 9 6
A R e s o l u t i o n d e s i g n a t i n g d e p o s i t o r i e s f o r C i t y f u n d s :
Z i o n F i r s t N a t i o n a l B a n k
P . O . B o x 2 4 9 F i r s t S e c u r i t y B a n k o f U t a h
P . O . B 4 N o r t h M a i n S t r e e t
M o a b , U t a h 8 4 5 3 2 M o a b , U t a h 8 4 5 3 2
U t a h P u b l i c T r e a s u r e r ' s I n v e s t m e n t F u n d
2 1 5 S t a t e C a p i t o l
S a l t L a k e C i t y , U t a h 8 4 1 1 4
W H E R E A S , a t a R e g u l a r M e e t i n g o f t h e M o a b C i t y C o u n c i l o f t h e C i t y
o f M o a b h e l d o n t h e 2 3 r d d a y o f J a n u a r y 1 9 9 6 , a t w h i c h a q u o r u m w a s
p r e s e n t , t h e f o l l o w i n g o f f i c e r s w e r e d u l y a p p o i n t e d f o r t h e e n s u i n g
y e a r a n d u n t i l t h e i r s u c e s s o r s s h a l l b e a p p o i n t e d a n d s h a l l h a v e
q u a l i f i e d ; t o h a v e s i g n a t u r e a u t h o r i t y f o r M o a b C i t y C o r p o r a t i o n a t t h e
a b o v e m e n t i o n e d f i n a n c i a l i n s t i t u t i o n s w h i c h h o l d c i t y ( p u b l i c ) f u n d s :
T r e a s u r e r , M a r g e t A . S n y d e r
D e p u t y - T r e a s u r e r , L a u r i e M . R a m s t e t t e r
R e c o r d e r , J o h n W . W e s t
D e p u t y - R e c o r d e r , S a n d r a E . B e a u r e g a r d
` - ` ( ��' c c . - Q e e r
L
C i t y C o u n c i l m e m b e r , W i l l i a m D . M c D o u g a l d
N O W T H E R E F O R E , B E I T R E S O L V E D , T H A T u n d e r t h e r u l e s o f t h e C i t y o f
M o a b a n y f u n d s d e p o s i t e d t o i t s c r e d i t w i t h t h e Z i o n ' s F i r s t N a t i o n a l
B a n k o f M o a b o r t h e F i r s t S e c u r i t y B a n k o f M o a b m a y b e w i t h d r a w n b y t h e
c o m b i n e d s i g n a t u r e s o f o n e ( 1 ) R e c o r d e r o r D e p u t y - R e c o r d e r a n d o n e ( 1 )
T r e a s u r e r o r D e p u t y - T r e a s u r e r w h o a r e a u t h o r i z e d t o e n d o r s e a n d s i g n
c h e c k s , d r a f t s , a n d o r d e r s f o r p a y m e n t o f m o n e y i n a c c o r d a n c e w i t h
s i g n a t u r e c a r d s a c c o m p a n y i n g t h i s a u t h o r i z a t i o n . I n t h e a b s e n c e o f
e i t h e r b o t h t h e R e c o r d e r a n d D e p u t y - R e c o r d e r o r b o t h t h e T r e a s u r e r a n d
D e p u t y - T r e a s u r e r t h e a b o v e m e n t i o n e d C i t y C o u n c i l m e m b e r s h a l l b e
a u t h o r i z e d t o e n d o r s e a n d s i g n c h e c k s , d r a f t s , a n d o r d e r s f o r p a y m e n t
o f m o n e y i n a c c o r a d a n c e w i t h s i g n a t u r e c a r d s a c c o m p a n y i n g t h i s
a u t h o r i z a t i o n b y t h e c o m b i n e d s i g n a t u r e s o f o n e ( 1 ) R e c o r d e r o r
D e p u t y - R e c o r d e r a n d o n e ( 1 ) C i t y C o u n c i l m e m b e r o r o n e ( 1 ) T r e a s u r e r o r
D e p u t y - T r e a s u r e r a n d o n e ( 1 ) C i t y C o u n c i l m e m b e r .
P A S S E D , A D O P T E D , A P P R O V E D A N D E F F E C T I V E t h i s 2 3 r d
J a n u a r y , 1 9 9 6 i n o p e n C o u n c i l a t M o a b , U t a h .
A t t e s t :
C i t y R e c o r d e r
A p p r o v e d :
c _ m ( / , 9 / g
h o m a s
M a y o r
A . S t o c k s
c
First
ecurity
Bank,
Account Authorization
(Corporation or Public/Governmental Organization)
BE IT ORDERED AND RESOLVED, by the Board of Directors of MOAB CITY COUNCIL
, a corporation (the "Corporation") or by the governing body of MOAB
CITY a CORPORATION
that each of the following officers and employees individually, namely:
1.
2.
3.
WILLIAM D. MC DOUGALD
Name (print)
MARGET A. SNYDER
JOHN W. WEST
Name (print)
Name (print) LAURIE M. RAMSTETTER TitleDEPUTY TREASURER
or any one designated by
(the "Organization"),
COUNCILMAN
Title
TREASURER
Title
RECORDER
Name (print) Title
4 SANDRA E. BEAUREGARD DEPUTY RECORDER
(Strike out this proviso if not desired)
shall be and are hereby authorized for and in behalf of the Corporation or the Organization and in its name to:
Deposit all or any part of the moneys and funds of the Corporation or the Organization in its name with First
Security Bank of T11AH (the "Bank") at its banking offices in one or more commercial or checking
accounts, or one or more savings accounts, or both and/or in any other class or form of account or deposit,
including certificates of deposit and cashier's checks, all on such terms and conditions as the person making
the deposit may agree with the Bank.
Assign, endorse and/or guarantee, in writing or by stamp or otherwise, and on such terms and conditions
as the person so acting may agree with the Bank, all checks, drafts, bills of exchange, certificates of deposit,
cashier's checks, and other orders for the payment of money, payable to or belonging to the Corporation or
the Organization, and to deliver the same to the Bank for deposit as aforesaid, or for collection, negotiation,
or in exchange for money and the Bank is authorized and directed to accept all instruments so assigned,
endorsed or guaranteed.
Sign checks and orders for the payment of money withdrawing funds so deposited, and that the Bank shall
be and it is hereby authorized to honor and pay any checks so drawn, when so signed, whether such checks
be payable and whether they are deposited to the individual credit of the officer signing them, or to the
individual credit of any of the officers of the Corporation or the Organization, or not.
BE IT FURTHER ORDERED AND RESOLVED, that this resolution remain in full force and effect until notice
in writing is given the Bank to the contrary, and that the Secretary of the Corporation or the RECORDER
of the Organization certify to the Bank under his/her hand and the seal of the Corporation or the Organization
(if seal exists); the foregoing resolution as evidence of the authority herein granted, and to the fact that there
are no provisions of the articles of incorporation, applicable rules, regulations, articles or by-laws conflicting
herewith.
(continued on reverse)
ID-31 R 1/93 10Y