1610 Bill No 610 Bank Accounts

 AN ORDINANCE AUTHORIZING INDIVIDUALS OF CERTAIN POSITIONS AS AUTHORIZED SIGNERS FOR BANKING PURPOSES ON ACCOUNTS NOW REGISTERED OR HEREAFTER REGISTERED IN THE NAME OF THE CITY OF RICH HILL OR USING THE CITY OF RICH HILL’S FEDERAL IDENTIFICATION NUMBER.

________________________________________________________________

 

BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RICH HILL, MISSOURI, AS FOLLOWS:

 

  1. MAIN OPERATING ACCOUNT: Be It Resolved that the agents listed below are hereby authorized to sign or otherwise authorize checks, drafts or other payment orders (“instruments”) drawn for payment of money on the main operating account with Security Bank of Rich Hill, Missouri;

 

Further, Security Bank of Rich Hill, Missouri, is authorized to pay such checks, drafts or other payment orders drawn on the main operating account so long as such instruments bear the signature or facsimile thereof, of the below listed individuals and such signatures match the signatures on file with Security Bank of Rich Hill, Missouri.

  1. Mayor
  2. President of the Board
  3. City Clerk
  4. Assistant City Clerk
  5. Clerk

 

  1. ALL ACCOUNTS USING THE FEDERAL IDENTIFICATION NUMBER OF THE CITY OF RICH HILL:

Be It Further resolved that the agents listed below are authorized to sign or otherwise authorize checks, drafts or other payment orders (“instruments”) drawn for payment on all accounts under the federal identification number of the City of Rich Hill held at Security Bank of Rich Hill, Missouri.

 

Security Bank of Rich Hill, Missouri, is authorized to pay checks, drafts or other payment orders drawn on all accounts using the federal identification number of the City of Rich Hill so long as such instruments bear the signature of any two listed individuals and such signatures match the signatures on file with Security Bank of Rich Hill, Missouri.

  1. Mayor
  2. City Clerk
  3. Assistant City Clerk

 

 

 

 

  1. PERPETUAL CARE ACCOUNT: Be It Further resolved that the agents listed below are authorized to sign or otherwise authorize checks, drafts or other payment orders (“instruments”) drawn for payment on the Perpetual Care Account of the City of Rich Hill held at Security Bank of Rich Hill, Missouri.

 

Security Bank of Rich Hill, Missouri, is authorized to pay such checks, drafts or other payment orders drawn on the Perpetual Care Account so long as such instruments bear the signature of any listed individuals and such signatures match the signatures on file with Security Bank of Rich Hill, Missouri.

  1. Mayor
  2. City Clerk
  3. Assistant City Clerk

 

  1. FUND TRANSFER AGENT: Be It Further resolved, that any one of the agents listed below (“Fund Transfer Agent”) are authorized to make or verify written, telephonic or verbal requests for the transfer of funds, including wire transfers and ACH debits from the Account to other accounts of the depositor or to third parties; to enter into agreements with Security Bank of Rich Hill, Missouri, providing such fund transfers: and to designate other Fund Transfer Agents.

 

Security Bank of Rich Hill, Missouri, is authorized to honor all such fund transfers when given or purported to be given by a Fund Transfer Agent.

  1. Mayor
  2. City Clerk
  3. Assistant City Clerk

 

  1. CITY INVESTMENT AGENT: Be It Further Resolved that the City Clerk is designated as the City investment agent and is authorized to buy, sell, assign, transfer and/or deliver any and all securities owned or hereafter acquired by the City of Rich Hill. The City Clerk is authorized to enter into any agreement with Security Bank of Rich Hill, Missouri, relating to securities and investments. The City Clerk is authorized to provide Security Bank of Rich Hill, Missouri, with instructions regarding the sale, purchase or transfer of any securities held in the name of the City of Rich Hill and to receive communications from Security Bank of Rich Hill, Missouri, and sign all documents relating to the securities or investment transactions. The agents listed below are also authorized to sign all documents related to securities and investment transactions.
  2. Mayor
  3. City Clerk

 

All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed.

 

This ordinance shall be in force and affect from and after its passage and approval as provided by law.

 

Read 1st time this 1st day of August 2016.

Read 2nd time this 1st day of August 2016.

This Ordinance was read, passed, and approved this 1st day of August 2016.

 

 

Attest:

 

_____________________________                        _______________________                                              

Jennifer Perkey-Ewing, Mayor                                  Brittany Schenker, City Clerk                       

 

 

 

Ayes:   Humble, Robb, Rich

Nays:  None

Pilcher was absent

 

CERTIFICATION BY THE CLERK

 

STATE OF MISSOURI         )

) ss:

COUNTY OF BATES         )

 

I, Brittany Schenker, City Clerk of the CITY OF RICH HILL, in the County and State aforesaid, do hereby certify that the above and foregoing ordinance is a true and correct copy of the Ordinance No. 1610 duly adopted by the Board of Alderman of the CITY OF RICH HILL, Missouri at their special meeting on the 1st day of August 2016.

 

IN WITNESS WHEREOF, I hereby set my hand and affix the seal of the said City at my office in Rich Hill, Missouri.

 

 

_­­­­____________­­­­­_______________________

Brittany Schenker

City Clerk of City of Rich Hill, Missouri

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