HomeMy WebLinkAboutRES CC 1998 1561 1998 1216RESOLUTION NO. 98 -1561
A RESOLUTION OF THE CITY COUNCIL OF
MOORPARK, CALIFORNIA, CERTIFYING TO
AUTHORIZED TO ACT ON BEHALF OF 7
REGARDS TO ITS TRUST ACCOUNTS WITH
TRUST COMPANY AND TO ENTER INTO
AGREEMENT THEREWITH.
THE CITY OF
INDIVIDUALS
'HE CITY IN
BNY WESTERN
A CUSTODY
WHEREAS, the City of Moorpark has certain trust
accounts with the Bank of New York Western Trust Company
(BNY); and
WHEREAS, BNY has requested the City to certify those
individuals authorized to act on behalf of the City of
Moorpark in dealing with its accounts, including entering
into custody agreements and making deposits and withdrawals
from said accounts;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the Steven Kueny, City Manager of the
City of Moorpark, be and hereby is authorized and empowered
to enter into a Custody Agreement with BNY Western Trust
Company substantially in the form attached hereto as
Exhibit "A" and made a part hereof with such changes
thereto as the person executing the same shall deem
advisable from time to time. The execution of such
Agreement by such person to be conclusive evidence of such
approval.
SECTION 2. That any two (2) of the following persons
acting jointly, be and hereby are authorized from time to
time to designate in writing to BNY Western Trust Company
those officers, employees and other agents of this City
authorized to issue instructions under such Agreement,
including, without limitation, with respect to the deposit
or withdrawal of cash and the deposit, withdrawal, purchase
or sale of securities and other property without limitation
as to price, items or conditions and otherwise to deal
Resolution No. 98 -1561
Page 2
therewith, all pursuant to the provisions of such Custody
Agreement:
Steven Kueny City Manager
John E. Nowak City Treasurer
Wayne Boyer Accounting Manager
SECTION 3. That notice of any change in this
resolution shall be communicated in writing to BNY Western
Trust Company, and until BNY Western Trust Company has
actually received such notice, it is authorized to act
pursuant to this resolution.
SECTION 4. The City Clerk shall certify to the
adoption of this resolution and shall cause a certified
resolution to be filed in the book of original Resolutions.
PASSED AND ADOPTED this 1
ATTEST:
■•
,Tnter, Mayor
Deborah S. Traffens edt, City Cler
Resolution No. 98 -1561
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA )
CITY OF MOORPARK )
ss.
I, Deborah S. Traffenstedt, City Clerk of the City of
Moorpark, California, do hereby certify under penalty of
perjury that the foregoing Resolution No. 98 -1561 was
adopted by the City Council of the City of Moorpark at a
meeting held on the 16th day of December, 1998, and that
the same was adopted by the following vote:
AYES: Councilmembers Evans, Harper, Rodgers,
Wozniak and Mayor Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City
this 19th day of December, 1998.
Deborah S. Traffens dt, City Clerk
(seal)