CC - 1990-48 - Telephone Wire Transfer Agreement With Sanwa Bank CA• s
RESOLUTION NO. 90-48
A RESOLUTION OF THE Crl-Y COUNCIL OF THE
CITY OF ROSEMEAD APPROVING A TELEPHONE
WIRE TRANSFER AGREEMENT WITH SANWA BANK
CALIFORNIA
THE CI'T`Y COUNCIL OF THE CITY OF ROSEMF_AD HEREBY RESOLVES
AS FOLLOWS:
ecti. n 1 The Mayor of the City of Rosemead is hereby authorized by, and
directed in the name of the City of Rosemead to execute an agreement (the
"Agreement"), attached hereto as Exhibit "A", with Sanwa Bank California ("Samoa
Bank") for the purpose of requesting wire transfers by telephone.
Section 2. The following individuals are hereby authorized by the City of
Rosemead to request, by telephone, transfers of funds up to the sum of $1,000,000 (One
Million Dollars) from one of this City's bank accounts to another entity designated at
the time of such transfers:
HUBERT E. FOUT Z, City Treasurer
FRANK G. TRIPFPI, City Manager
DONALD. J. WAGNER, Assistant. City Manager
Section That the authority given hereunder shall be deemed retroactive and
any and all acts authorized hereunder performed prior to the passage of this resolution
are hereby approved and ratified. The authority herein conferred shall continue in full
force and effect until written notice of its revocation shall be received by Sanwa Bank at
its Rosemead, California office.
Section 4. That any one of such officers listed in Section 2 hereof is also
authorized to execute any other written change or addition to the Agreement with Samoa
Bank.
Dated: August 14, 1990
MAYOR
I hereby certify that the foregoing Resolution No. 90-48
was duly and regularly adopted by the City Council of the
ATTEST: City of Rosemead at a regular meeting thereof held on the
14th day of August, 1990 by the following vote:
CITY CLERK
Yes: Taylor, McDonald, Bruesch, Imperial
No: None Absent: DeCocker Abstain: None
u Gc-~-,~.s~✓
Y CLERK
6A
I, JANICE WARNER, the duly appointed and acting City Clerk of the City of.
Rosemead hereby certify that the foregoing is a true and complete copy of Resolution
No. 90-48 duly adopted by the City Council of the City of Rosemead at a meeting of said
Council duly held on August 14, 1990, and that said resolution has not been modified or
rescinded and is full force and effect.
Janice Warner, City Clerk