CC Resolution 1992-070C_ RESOLUTION NO. 92 70
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA TO OBTAIN CREDIT CARD ACCOMMODATIONS
WHEREAS, this corporation, City of La Quinta, desires to
obtain financial accommodation from Bank of America NT & SA
hereinafter called Bank"), pursuant to the use of a number of
Bank's Credit Cards by the officers and agents of this corporation;
and
WHEREAS, this corporation intends to authorize its
officers and agents to use such Credit Cards for and in connection
with corporate business; and
WHEREAS, Bank will not extend such accomodations by
issuing such Credit Cards unless this corporation agrees to assume
sole responsibility for the use of such Credit Cards or any of
them, and to pay Bank for all indebtedness incurred by use of such
Credit Cards or any of them, whether such use or indebtedness was
authorized or unauthorized by the corporation.
NOW, THEREFORE, be it resolved that this corporation
apply to Bank for the Issuance of Credit Cards in the name(s) of
officers and agents of this corporation.
RESOLVED FURTHER, that the Mayor, Mayor Pro Tempore, City
Manager, or City Treasurer of this corporation is authorized to
designate to which officers and agents of this corporation Credit
Cards are initially to be issued, and to make additions to or
deletions from such list of officers and agents authorized to use
such Credit Cards and to so notify Bank in writing. In the case of
additions,*such notice to Bank shall authorize Bank to issue such
Credit Cards in the names of said additional officers and agents.
In the case of deletions, this corporation shall be liable for the
use of such Credit Cards in the names of said additional officers
and agents. In the case of deletions, this corporation shall be
liable for the use of such Credit Cards or any of them until said
Credit Cards or any of them are returned to Bank or Bank is
notified of the loss or theft of said Credit Cards or any of them.
RESOLVED FURTHER, that Bank is authorized to act upon
this resolution until written notice of its revocation is delivered
to Bank, and that the authority hereby granted shall apply with
equal force and effect to the successors in office of the officers
herein named.
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C_ ADOPTED, SIGNED1 AND APPROVED this 4th day of
August 1990 by the following votes:
AYES: Council Members Bohnenberqer, Franklin, Rushworth, Sniff,
Mayor Pena
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:
APPROVE AS TO FORM:
Dawn Hon
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