2591_00001RESOLUTION NO.2591
A RESOLUTION NAMINGTHOSE EMPLOYEES AUTHORIZED TOSIGN INVEST-MENTACCOUNT APPLICATIONS AND INVESTMENT SAFE KEEPINGAGREE-MENTS
RECITALS:
1.For thecontinued efficient administration of the finances of the City of Moses Lake,it is necessary todesignateindividualswhoareauthorizedtosigninvestmentaccountapplicationsorinvestmentsafekeepingagreements.
2.The individuals referred to in thisresolution can sign investment account applications or investment
safe keeping agreements on behalf of theCity of Moses Lake.
RESOLVED:
1.On behalf and in the name of the City of Moses Lake either theCity Manager,Finance Director,orAssistantFinanceDirector,individually or collectively islare authorized to (a)direct,orally or inwriting,
orelectronicallyorthroughanyother mediumagreed toby said individuals,and thecorporate treasurydivisionofU.S.Bank NA("Treasury"),open an investmentaccount(s)and invest municipal funds and
securities and/or timedeposits withand/or throughTreasury throughsuch account(s)(b),execute onbehalfofthemunicipality,contracts or agreements in connection with such investment account(s)in
the usual form provided by Treasury for such account(s)generally,(c)receive regarding saidinvestmentaccount(s)confirmation,receipts,notices,demands,reports,and communications ofanykind,(d)receive regarding said investment account(s)money,securities,timedeposits,and propertyofeverykindanddisposeofthesame,(e)endorse and deliver for deposit negotiation,transfer,pledge,
or sale,and identify or guarantee signatures or endorsements,on,notes,certificates of deposits,checks,and securities of all kinds,either belonging to or coming into the possession of the CityofMosesLake,and (f)authorizes,orallyor in writingor through any other mediumagreed to by said
employees and Treasury thedebiting and/or crediting by Treasury oftheCityof Moses Lake's depositaccount(s)at any financial institution for the purpose ofaffecting such transaction,
2.The Finance Director of the City of Moses Lake is authorized and directed tocertifyto Treasury theforegoingresolutionandthattheprovisionsoftheresolutionisinconformitywiththerulesand
operating procedures of theCity of Moses Lake and certify to Treasury the names of the person nowholdingtheofficesreferredtoaboveandanychangesinthepersonsholdingsaidofficestogetherwith
specimens ofthesignature ofsuch present and future employees.
3.The authority grantedtothe employees oftheCityofMoses Lake shallcontinueinfullforce and effectandTreasurymayrelyonthisauthorityindealingwithsuchemployeesunlessanduntilwrittennoticeofanychangeinorrevocationofsuchauthorityshallbedeliveredtoTreasurybyanauthorizedemployeeoftheCityofMosesLake,and anyactiontakenbysaid employees and relied on byTreasury
pursuant to the authority granted inthis resolution tothereceipt ofsuch writtennoticeshallbe fullyandconclusivelybindingontheCityofMosesLake.
4.The actions ofany employee oftheCityof Moses Lake taken in opening an investment account(s)withTreasuryandintheinvestmentofCityofMosesLake's funds throughsuch account,be,and thesameherebyareinallrespects,ratified,confirmed,and approved.
5.AIIpriorresolutions ofthe City of Moses Lake authorizingthe opening of investment account(s)withTreasuryandintheinvestmentoftheCityofMosesLake's fundsthroughsuch account(s),be,andthesamearerescindedandsupercededastoallsuchtransactionwithrespectaffectedafterthedateoftheadoptionofthisresolution.
Adopted by the City Council on December 23,2003.
ATTEST:layor
Finance Director