Resolution No. 5117
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RESOLUTION NO. 5117
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
3 OF VERNON AUTHORIZING FLEMING & ASSOCIATES
TO ESTABLISH A CITY OF VERNON WORKERS'
4 COMPENSATION TRUST ACCOUNT WITH CROCKER
NATIONAL BANK AND AUTHORIZING THE EXECUTION
5 OF CHECKS OR OTHER INSTRUMENTS NECESSARY
FOR THE ADMINISTRATION OF THE CITY OF VERNON
6 WORKERS' COMPENSATION PROGRAM
7 WHEREAS, the City of Vernon wishes to establish a
8 City of Vernon Workers' Compensation Trust Account; and
9 WHEREAS, Bruce V. Malkenhorst, City Administrator/
10 City Clerk has determined that said account should be
11 established with Crocker National Bank.
12 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
13 THE CITY OF VERNON AS FOLLOWS:
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SECTION 1: That Crocker National Bank is hereby
15 selected and designated as a depository of funds of the City
16 of Vernon and that such deposit account or accounts be
17 established and maintained by and in the name of the City of
18 Vernon and at such office or offices of the Bank and upon and
19 subject to such terms and conditions as the City Clerk may
20 from time to time agree upon with the Bank.
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SECTION 2: That all checks, drafts, orders, receipts,
22 and other instruments drawn, accepted, or given by the City of
23 Vernon for payment from any such accounts or at any such office
24 be signed on behalf of the City of Vernon by any two ~bf the
25 following named persons:
26 WM. EDWARD FLEMING, President - Fleming & Associates,
Administrators
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DONALD G. ANDERSON, Vice President
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G. DAVID MARCEAU, Vice President
WILLIAM A. LANGE, Data Processing Manager
SECTION 3: That the Bank may accept for deposit or
collection any check, draft, order, or other instrument for the
payment of money, whether or not endorsed in the name of the
City of Vernon by written or stamped endorsement and with or
without designation or signature of the persons making such
endorsement.
SECTION 4: That the Bank be and hereby is requested
and authorized to honor, receive, certify, or pay any such
check, draft, order, receipt, or other instrument signed or
endorsed in accordance with this Resolution and the certifi-
cation then in effect as provided for in this Resolution,
including any thereof presented for negotiation, encashment, or
payment by, or drawn or endorsed to the personal order of, any
person signing or endorsing the same.
SECTION 5: That the City Council of the City of Vernon
hereby approves the Account Agreement with Crocker National
Bank, a copy of which has been presented to the City Council
concurrently with this Resolution and the City Council hereby
orders said Agreement to be received and filed by the City Clerk.
SECTION 6: That the City Council of the City of Vernon
hereby authorizes the City Clerk to execute said Agreement for,
and on behalf of, the City of Vernon.
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SECTION 7: The City Clerk of the City of Vernon shall
2 certify to the passage of this Resolution and thereupon and
3 thereafter the same shall be in full force and effect.
4 APPROVED AND ADOPTED this 19th day of ~une, 1984.
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BRUCE V. MALKENHORST, City Clerk
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I,BRUCE V.MALKENHORST, City Clerk of the City of
1 STATE OF CALIFORNIA )
) ss.
2 COUNTY OF LOS ANGELES )
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Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 5117 ,was duly adopted by the City Council of
the City of Vernon, and was approved by the Mayor of said City
an adjourned
at a regular meeting of the City Council held on Tuesday,
, 19 84
(SEAL)
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