HomeMy WebLinkAbout94-68 Resolution No. 94-68
RESOLUTION
AUTHORIZING EXECUTION OF A BUSINESS CREDIT CARD
AGREEMENT AND APPLICATION
WHEREAS, there has been presented to this meeting of the
City Council of the City of Elgin a form of Business Credit
Card Agreement and Application by and between the City of
Elgin and NBD Bank (herein called "Bank" ) among other things ,
for the issuance of MasterCard or VISA credit cards by Bank to
the City of Elgin for use by persons designated by the City of
Elgin and for payment by the City of Elgin of all credit
extended on the basis of such credit cards .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ELGIN, ILLINOIS, that the Application and Agreement be
and are approved in all respects and that the City of Elgin
agrees to the terms and conditions stated therein.
BE IT FURTHER RESOLVED that the officer who completes ,
executes and delivers the Application and Agreement, including
any amendments thereto, and any other documents or instruments
deemed necessary by the Bank in connection with the issuance
or use of such credit cards, has been duly authorized and
empowered to so act and the City of Elgin shall hold Bank
harmless and indemnify Bank from any and all losses, claims,
costs, etc . that may arise after reliance on said documents .
BE IT FURTHER RESOLVED that the above mentioned officers
of the City of Elgin be, and each of them are, hereby
authorized on behalf of the City of Elgin, at any time, and
from time to time hereafter, and without further action by the
City Council of the City of Elgin, to designate to Bank such
persons as shall now or in the future be authorized to use
such credit cards under said Application and Agreement .
BE IT FURTHER RESOLVED that Bank be and hereby is
authorized to rely on the continuing effect of these
resolutions until receipt by Bank of notice in writing from
the City of Elgin of any amendments , revocations or alterations
thereto. Said amendments, revocations or alterations shall be
effective 30 days after receipt.
s/ George VanDeVoorde
George VanDeVoorde, Mayor
Presented: April 13 , 1994
Adopted: April 13, 1994
Vote : Yeas 7 Nays 0
Attest:
s/ Dolonna Mecum
Dolonna Mecum, City Clerk