HomeMy WebLinkAboutResolution 93 - 03 FundsRESOLUTION 93.3
CERTIFICATE OF CORPORATE RESOLUTION TO
OBTAIN VISA CARD ACCOMMODATIONS.
WHEREAS, this corporation, City of Rexburg, incorporated under
the laws of the state of Idaho ("Corporation") , desires to obtain
financial accommodations from FIRST SECURITY BANK OF IDAHO,
National Association ("Bank"), through the use of one or more VISA
Cards issued to this Corporation in the name of certain of its
employees and agents; and
WHEREAS, this Corporation intends to authorize certain of its
employees and agents to use such VISA Cards for and in connection
with corporate business; and
WHEREAS, BANK will not extend such accommodations and issue
such VISA Cards unless this Corporation agrees to all the terms and
conditions of the BANK'S Corporate VISA Card Application and
Agreement, including (without limitation) that this Corporation assume
sole responsibility (and liability) for the use of such VISA Cards
(whether or not such use and the indebtedness incurred thereby was
authorized by Corporation) and this Corporation shall repay the same,
plus finance charges, in accordance with the terms and conditions of
the BANKS Cardholder Agreement and Disclosure Statement; and
WHEREAS, it is deemed in the best interest of this Corporation to
obtain the financial accommodations offered by BANK on the terms and
conditions hereinbefore set forth;
NOW THEREFORE, BE IT RESOLVED that this Corporation apply to
BANK for the issuance of one or more VISA Cards in the name of those
employees and agents as, in the judgement of the officer or officers
hereinafter authorized, this Corporation may from time to time require;
RESOLVED FURTHER that Nile L. Boyle, Mayor, or Richard R.
Horner, the financial officer, and Rose Bagley, the City Clerk, or Glen
Pond hereby are authorized, directed, and empowered, in the name of
this Corporation, to select from time to time those employees and
agents of the Corporation in whose names such Cards are to be issued,
and apply to BANK for the issuance of such VISA Cards, and to
execute such application forms and agreements in connection therewith
as BANK may require, and to pay all indebtness incurred by use of
such VISA Cards, whether authorized or unauthorized.
RESOLVED FURTHER, that BANK is authorized to act upon this
resolution until written notice of its revocation is delivered to BANK
and the agreements executed by Corporation in connection therewith are
terminated as therein provided, and that the authority hereby granted
shall apply with equal force and effect to the successors in office of
the officers herein named.
I, Nile L. Boyle, Mayor of the City of Rexburg, a corporation,
incorporated under the laws of the State of Idaho, do hereby certify
that the foregoing is a full, true and correct copy of a resolution of
the Board of Directors of said Corporation, duly and regularly passed
and adopted at a meeting of the Board of Directors of said Corporation
which was duly and regularly called and held in all respects as
required by law, and by the bylaws of said Corporation, at the office
thereof on the 3rd day of February 1993, at which meeting a majority
of the Board of Directors of said Corporation was present and voted in
favor of said resolution, and that that resolution has not been
modified or rescinded, and is in full force and effect.
Mayor ( f
IN WITNESS WHEREOF, I have hereunto set my hand as such
City Clerk, and affixed the corporate seal of said Corporation, this
3rd day of February, 1993.
Corporate Seal
City Cler ,