HomeMy WebLinkAboutResolution 95 - 14 FundsRESOLUTION 95.14
WHEREAS, this Municipality City of Rexburg (hereinafter called "Municipality")
incorporated under the laws of the state of Idaho, desires to obtain financial
ccommodations from FIRST SECURITY BANK OF REXBURG, IDAHO ("BANK"), through the use of
ine or more VISA Cards issued to this Municipality in the name of certain of its employees
and agents; and
WHEREAS, this Municipality intends to authorize certain of its employees and agents
to use such VISA Cards for and in connection with municipal business; and
WHEREAS, BANK will not extend such accommodations and issue such VISA Cards unless
this Municipality agrees to all the terms and conditions of the BANK'S VISA CARD
APPLICATION and AGREEMENT, including (without limitation) that this Municipality 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 Municipality) and the
Municipality shall repay the same, plus finance charges, in accordance with the terms and
conditions of the BANK'S CARDHOLDER AGREEMENT and DISCLOSURE STATEMENT; and
WHEREAS, it is deemed in the best interest of this Municipality to obtain the
financial accommodations offered by BANK on the terms and conditions hereinbefore set
forth;
NOW THEREFORE, BE IT RESOLVED that this Municipality 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 Municipality may from time to time
require.
RESOLVED FURTHER, that Nile L. Boyle, Mayor or Glen Pond, Council President and
Rose Bagley, the City Clerk, for the City of Rexburg, hereby are authorized,
directed and empowered, in the name of this Municipality, to select from time to time
those employees and agents of this Municipality 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 indebtedness 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 the City
of Rexburg 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 or the officers herein named.
I, Rose Bagley, City Clerk, City of Rexburg, a Municipality 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 City Council of tl:e City of Rexburg, duly and regularly passed and
adopted at a meeting of the City Council of said Municipality which was duly and regularly
called and held in all respects as required by law, and by the bylaws of said
Municipality, at the City Hall thereof on the 6th day of December, 1995, at which
meeting a majority of the City Council of said Municipality was present and voted in favor
of said resolution, and that resolution has not been modified or rescinded, and is in full
force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand as such City Clerk, and affixed the
municipal seal of said Municipality, this day of 1995.
.unicipal Seal
Rose Ba ley, City C;' rk