City Council Resolution 1999-05RESOLUTION 99- 5
CITY OF MONTICELLO
BANKING RESOLUTION
Depositor: CITY OF MONTICELLO
PO BOX 1147
MONTICELLO, MN 55362
Financial MARQUETTE BANK
Institution: 200 WEST 6TH STREET
MONTICELLO, MN 55362
BE IT RESOLVED, that the Financial Institution named above at any one or more of its offices
or branches, be and it hereby is designated as a Financial Institution of and depository for the
funds of this Municipal Corporation, which may be withdrawn on checks, drafts, advices of
debit, notes, or other orders for the payment of monies bearing the following appropriate number
of signatures: Any one (1) of the following named officers or employees of this Corporation
("Agents"), whose actual sig4atures are shown below:
X
Rog Belsaas, Mayor
Catherine Shuman'. Finance Assistant
x i,.c / /CoLAA-t J
Sue T.' odeaux, Bookkeeper
yf
�t
x G°
Richard Wolfstell , City Administrator
and that the Financial Institution shall be and is authorized to honor and pay the same whether or
not they are payable to bearer or to the individual order of any Agent or Agents signing the same.
BE IT FURTHER RESOLVED, that the Financial Institution is hereby directed to accept and
pay without further inquiry any item drawn against any of the Corporation's accounts with the
Financial Institution bearing the signature or signatures of Agents, as authorized above or
otherwise, even though drawn or endorsed to the order of any Agent signing or tendered by such
Agent for cashing or in payment of the individual obligation of such Agent or for deposit to the
Agent's personal account, and the Financial Institution shall not be required or be under any
obligation to inquire as to the circumstances of the issue or use of any item signed in accordance
with the resolutions contained herein, or the application or disposition of such item or the
proceeds of the item.
BE IT FURTHER RESOLVED, that any one of such Agents is authorized to endorse all
checks, drafts, notes, and other items payable to or owned by this Corporation for deposit with
the Financial Institution, or for collection or discount by the Financial Institution; and to accept
drafts and other items payable at the Financial Institution.
Resolution 99- 5
Page 2
BE IT FURTHER RESOLVED, that the above named agents are authorized and empowered to
execute such other agreements, including, but not limited to, special depository agreements and
arrangements regarding the manner, conditions, or purposes for which funds, checks, or items of
the Corporation may be deposited, collected, or withdrawn and to perform such other acts as they
deem reasonably necessary to carry out the provisions of these resolutions.
BE IT FURTHER RESOLVED, that the authority hereby conferred upon the above named
Agents shall be and remain in full force and effect until written notice of any amendment or
revocation thereof shall have been delivered to and received by the Financial Institution at each
location where an account is maintained. Financial Institution shall be indemnified and held
harmless from any loss suffered or any liability incurred by it in continuing to act in accordance
with this resolution. Any such notice shall not affect any items in process at the time notice is
given.
WE FURTHER CERTIFY that the persons named above occupy the positions set forth
opposite their respective names and signatures; that the foregoing Resolutions now stand of
record on the books of the Corporation; that they are in full force and effect and have not been
modified in any manner whatsoever.
Adopted this 8th day of March, 1999.
ATTEST:
City Administrator