HomeMy Public PortalAbout2003-001 Resolution Designated Authorized Signers & Granting Certain Powers for Conducting Business at FSBMember Workman introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.03-01
RESOLUTION DESIGNATED AUTHORIZED SIGNERS
AND GRANTING CERTAIN POWERS FOR CONDUCTING
BUSINESS AT THE FARMER'S STATE BANK OF HAMEL
WHEREAS, the City Council has designated the Farmer's State Bank of Hamel as its official
depository; and
WHEREAS, the City Council of the City of Medina has bank accounts at the Farmers State bank
of Hamel; and
WHEREAS, the City from time to time needs to update those allowed to conduct business on
behalf of the City of Medina and under what terms,
NOW, THEREFORE, BE IT RESOLVED that the City Council of Medina hereby designates
the follow persons as authorized signers on the acct 00-03690 and 00-15042,
A. Philip K. Zietlow, Mayor
B. James S. Lane, Acting Mayor
C. Chad M. Adams, Administrator
D. Laura L Sulander, Deputy Clerk -Treasurer
BE IT FURTHER RESOLVED that the powers granted to the above authorized signers are
restricted as follows:
For account 00-03690 (General Checking Account)
1. Two signatures from A and C above are required to open any deposit or share account(s) in
the name of the City.
2. Two signatures from A or B and from C or D above are required to endorse checks and
orders for the payment of money or otherwise withdraw or transfer funds on deposit,
3. Two signatures from A and C above are required to enter into a written lease for the purpose
of renting, maintaining, accessing and terminating a Safe Deposit Box in this Financial
Institution.
4. No other powers are granted by the resolution.
For account 00-15042 (Imprest Fund)
1. Two signatures from A and C above are required to open any deposit or share account(s) in
the name of the City.
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2. One signature from A, B, C, or D above are required to endorse checks and orders for the
payment of money or otherwise withdraw or transfer funds on deposit.
3. The balance of this account shall not exceed 2,100.
4. No other powers are granted by the resolution.
Dated: January 7, 2003
Philip K/Zietlow, ,PGtayor
ATTEST:
cc 4(cru4
Chad. M. Adams, Administrator/Clerk-Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by member
Lane and upon vote being taken thereon, the following voted in favor thereof:
Zietlow, Workman, Lane and Brinkman
and the following voted against same: None Absent: Smith
Whereupon said resolution was declared duly passed and adopted.
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