99-096RESOLUTION NO. 99R- 96
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM (i) DESIGNATING DEPOSITORIES FOR CERTAIN
CITY FUNDS; (ii) AUTHORIZING THE CITY TREASURER
TO ESTABLISH ACCOUNTS WITH SAID DEPOSITORIES
AND DEPOSIT PUBLIC FUNDS OF THE CITY THEREIN; (iii)
AUTHORIZING WARRANTS, DEMANDS, DRAFTS AND
CHECKS TO BE DRAWN AGAINST ANY ACCOUNTS
ESTABLISHED WITH SAID DEPOSITORIES ON BEHALF OF
THE CITY; AND (iv) AUTHORIZING THE CITY TREASURER
TO OPEN ACCOUNTS WITH FINANCIAL INSTITUTIONS
AND CORPORATIONS FOR THE PURCHASE AND SALE OF
VARIOUS SECURITIES AND MONEY MARKET
INSTRUMENTS
WHEREAS, Section 705 of the City Charter of the City of Anaheim authorizes and requires
the City Treasurer to deposit or cause to be deposited all funds coming into his or her hands and in
such depositories as may be designated by Resolution of the City Council; and
WHEREAS, the City Council of the City of Anaheim desires to designate those certain
institutions specified herein as depositories of public funds belonging to or under control of the City
of Anaheim or any office, department or agency of the City government; and
WHEREAS, the City Council desires to authorize certain officers of the City to sign all
authorized warrants, demands, drafts and checks drawn against any accounts established with a
depository by the City; and
WHEREAS, the City Council has heretofore approved, or may hereinafier approve,
depository agreements with each of said depository institutions; and
WHEREAS, the City Treasurer and the Investment Advisory Commission of the City of
Anaheim annually prepares and delivers to the City Council a Statement of Investment Policy for
approval; and
WHEREAS, said Statement of Investment Policy provides for, among other things, the
purchase and sale of various securities and money market instruments; and
WHEREAS, the City Council has heretofore, and shall hereinafier, annually approve said
Statement of Investment Policy; and
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WHEREAS, Government Code Section 53600 et sec. directs the City Treasurer to deposit all
money paid to the City Treasurer for safekeeping in state or national banks, savings association or
federal associations, credit unions or federally insured industrial loan companies in the state (the
"Depository Institutions"), or provides that such funds may be invested in certain specified
investments with any financial institution as specified in Government Code Section 53600 et seq.; and
WHEREAS, it is the desire of the City Council to open and maintain accounts with financial
institutions and corporations for the deposit of monies and the purchase and sale of said securities and
money market instruments as authorized by law.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim as
follows:
SECTION 1.
The following institutions are hereby each designated as a depository (hereinafter
"Depository") of public funds belonging to, or under the control of, the City of Anaheim or any
office, department or agency of the city government pursuant to Section 705 of the City Charter:
2.
3.
4.
5.
Bank of America
Pacific Century Bank
Wells Fargo Bank
Union Bank
Glendale Federal Bank
A change of name, or merger or reorganization, by any Depository specified herein shall not
affect the designation of such institution as an authorized depository of the City unless such
authorization is expressly revoked by an amendment to or repeal of this resolution.
SECTION 2.
Provided the City Council has heretofore approved, or hereinafter approves, the execution of
a depository agreement for each Depository specified in Section 1 of this Resolution (the "Depository
Agreement"), the City Treasurer of the City of Anaheim, or such other officer of the City as may be
consistent with the City Charter, be, and the same is hereby, authorized to (i) sign signature cards and
deposit them with the Depository, (ii) establish City accounts with the Depository consistent with the
provisions of the Anaheim City Charter and the applicable Depository Agreement, and (iii) deposit
public funds of the City in said accounts and perform such other functions or duties as authorized or
required by the provisions of the Anaheim City Charter, the applicable Depository Agreement, or
other applicable provisions of law.
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SECTION 3.
The Mayor, Finance Director and City Treasurer be, and they are hereby, authorized to sign
signature cards and deposit them with the Depository, and that they be, and they are hereby,
authorized to sign all warrants, demands, drafts, checks and other documents consistent with all
applicable provisions of the Anaheim City Charter and necessary or required for the deposit in, or
withdrawal from, the accounts established with said Depository and within which public funds of the
City shall from time to time be deposited.
SECTION 4.
The officers hereinabove designated may affix their respective signatures to any warrants,
demands, drafts, checks or other documents through the use of a facsimile signature machine.
SECTION 5.
The City of Anaheim, a validly existing charter city under the laws of the State of California,
be and it hereby is, authorized and empowered to open and maintain accounts for the purchase and
sale of investment instruments ("Securities") consistent with the City of Anaheim Charter, State and
Federal law, and the Statement of Investment Policy, and that the City Treasurer or her or his
designated representative (as indicated in the Statement of Investment Policy) be, and hereby is,
authorized as the only person(s) authorized to buy or sell Securities.
SECTION 6.
Financial institutions and corporations which the City, at the direction of the City Treasurer,
has opened an account ("the financial institutions") are authorized to receive from the City, checks
and drafts drawn upon the funds of the City by the City Treasurer or her or his designated
representative, or monies paid to the City and to apply the same to the credit of the City or to its
account with the financial institutions and said financial institutions are authorized to receive from
said City Treasurer the City bonds or securities for the account of the City.
SECTION 7.
The City Treasurer is authorized to provide instructions to financial institutions regarding the
delivery of securities to the account of the City; and the City Treasurer shall have the fullest authority
at all times with reference to any transaction deemed by her or him to be proper to make or enter into
for or on behalf of the City with the financial institutions provided that such transactions comply with
the City of Anaheim Charter, State and Federal law, and the Statement of Investment Policy
applicable to such transactions.
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SECTION 8.
All confirmations, notices and demands upon this organization may be delivered by the
financial institutions verbally or in writing, by telegraph or telephone to the City Treasurer and she or
he is authorized to empower any person, or persons, that she or he deems proper, at any time or
times, to do any and all things that she or he is hereinbefore authorized to do.
SECTION 9.
This resolution shall supersede Resolution No. 97R-45, and the provisions of any other prior
resolution or actions of the City Council inconsistent with the provisions hereof.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City
of Anaheim this 18th day of May , 1999.
te/7~'~'~O/RO~FTHE~AHE
MAY IM
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Resolution No. 99R-96 was introduced and adopted at a regular meeting provided by law, of the
Anaheim City Council held on the 18th day of May, 1999, by the following vote of the members
thereof:
AYES:
MAYOR/COUNCIL MEMBERS: Feldhaus, Kring, Tait, McCracken, Daly
NOES:
MAYOR/COUNCIL MEMBERS: None
ABSENT:
MAYOR/COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Resolution
No. 99R-96 on the 18th day of May, 1999.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of
Anaheim this 18th day of May, 1999.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is
the original of Resolution No. 99R-96 was duly passed and adopted by the City Council of the City
of Anaheim on May 18th, 1999.
CITY CLERK OF THE CITY OF ANAHEIM