HomeMy WebLinkAboutRESOLUTIONS-1979-035-R-79•
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7/13/79
35-R-79
A RESOLUTION
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Metropolitan Life Insurance
Company Board Resolution
WHEREAS, the City of Evanston has made arrangements with
Metropolitan Life Insurance Company ("Metropolitan") where Metropolitan will
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'administer certain disability benefits under the Employee Benefit Plan of the
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(I City of Evanston; and
I WHEREAS, to facilitate the administration of the medical care
coverages under the Employee Benefit Plan of the City of Evanston, the City
desires to open accounts with the Chase Manhattan Bank (Metropolitan Branch), ;
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("Bank"), with withdrawals therefrom to be subject to the directions of
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Metropolitan;
NOW, THEREFORE, BE IT RESOLVED that the City of Evanston open de-
posit accounts with the Bank to be entitled City of Evanston Health Plan or
such other name as may be designated by the Finance Director or the City
'+ Manager of the City of Evanston (such accounts each separately hereinafter
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�i referred to as the "Account") and that certain officers and agents of the
�! City of Evanston be and hereby are authorized to deposit certain funds of the
'i City of Evanston in the Account and that certain officers and agents of
(� Metropolitan be and hereby are authorized to deposit certain funds of
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I; Metropolitan in the Account.
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• BE IT FURTHER RESOLVED that, until the further order of the City
;+ Council of the City of Evanston, any of the funds of the City of Evanston or
of Metropolitan deposited in the Account be subject at any time, and from
35-R-79 !
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• II time to time, to withdraw or charge upon checks, drafts, or other orders for
the payment of money drawn in the name of the City of Evanston and bearing they
al signature of such person as may be designated W the Bank from time to time `
by the City Manager of the City of Evanston or any Vice -President of Metro-
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j politan or when.bearing or purporting to bear the facsimile signature of such
person.
BE IT FURTHER RESOLVED, that the Bank is hereby authorized to pay
any such instrument or make any such charge, regardless of by whom or by what
!! means the actual or purported facsimile signature or signatures thereon may
i have been affixed thereto, and also to receive the same from the payee or any
other holder without inquiry as to the circumstances of issue or the disposi-
tion of the proceeds even if drawn to the individual order of Metropolitan or i
Ii of any signing person, or payable to the Bank of others for its or his account
• II or tendered in payment of its or his individual obligation and, at the option
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�I of the Bank, even if the Account shall not be in credit to the full amount of
such instrument of charge.
BE IT FURTHER RESOLVED, that the Bank is authorized and directed
'1 (a) to send to Metropolitan drafts purporting to be drawn by the City of
---__ Evanston upon itself which are made.payable through the Bank; and (b) to ac-
cept instructions from the persons designated by the City Manager of the City
of Evanston or any Vice -President of Metropolitan to charge the Account and
pay the drafts designated by such persons or, upon return of any of such
drafts to the Bank with instructions riot to pay them, to return such drafts,
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j unpaid, to the presenter.
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BE IT FURTHER RESOLVED, that all statements of account in connection
• with the Account shall be addressed -and delivered to the Finance Director of
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the City of Evanston, with copies thereof to Metropolitan and that all can-
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i celed vouchers and correspondence in connection with the Account shall be
addressed and delivered or sent to Metropolitan with copies sent to the Finance
Director of the City of Evanston.
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{� 35-R-79
i; BE IT FURTHER RESOLVED, that this Resolution be and hereby is
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j� not to take effect until receipt by the City of Evanston for any unauthorized I
i" payments of a duly signed indemnification agreement from Metropolitan to the
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City of Evansotn.
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Mayor74
li ATTEST:
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�, City Cl eft
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Adopted: 1979
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