HomeMy WebLinkAbout2002-4 - Custodial Services with The Bank of New YorkRESOLUTION NO. 2002 - 4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
AUTHORIZING AN AGREEMENT FOR CUSTODIAL SERVICES WITH
THE BANK OF NEW YORK.
The undersigned hereby certifies to BNY WESTERN TRUST COMPANY that the City of
Newport Beach duly adopted the following resolution on the 81h day of January, 2002, and that
such resolution is in full force and effect:
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Newport
Beach that the City Treasurer whose name appears below, be and hereby authorized and
empowered to enter into a Custody Agreement with BNY Western Trust Company substantially
in the form attached hereto with such changes thereto as the person executing the same shall
deem advisable. The execution of such Agreement by such person to be conclusive evidence of
such approval.
Name Title
Dennis C. Danner Administrative Services Director
BE IT FURTHER RESOLVED that any one of the following persons, acting alone, 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 municipality who will be 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 therewith,
all pursuant to the provisions of such Custody Agreement:
Name Title
Dennis C. Danner Administrative Services Director
Richard C. Kurth Deputy Administrative Services Director
Dan Matusiewicz Accounting Manager
BE IT FURTHER RESOLVED that notice of any change in this resolution 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 these resolutions.
ATTEST:
CITY CLERK
ADOPTED the 81h day of January, 2002.
MAYOR
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, LAVONNE M. HARKLESS, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2002 -4 was duly and regularly introduced before and adopted by the
City Council of said City at a regular meeting of said Council, duly and regularly held on the 8th day
of January, 2002, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, Bromberg, Glover, Adams, Proctor, Mayor Ridgeway
Noes: None
Absent: O'Neil
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 9th day of January, 2002.
(Seal)
City Clerk
Newport Beach, California