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AgdaPkt 2015-08-24 Joint SA and PAF
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AgdaPkt 2015-08-24 Joint SA and PAF
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Last modified
9/8/2015 9:02:17 AM
Creation date
8/20/2015 7:19:56 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
8/24/2015
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25 <br />may require identification acceptable to Bank and not prohibited by the laws <br />governing this Agreement, including a fingerprint of the person presenting <br />the Paper Item. Bank may dishonor the Paper Item if the person refuses to pay <br />this fee or provide the identification Bank requests. <br /> <br />Large Cash Withdrawals. <br />If Company wants to cash a check (or make a cash withdrawal from <br />Company’s Account) for a very large amount, Bank may require five (5) <br />Business Days’ advance notice so that it can order the cash from its vault. <br />Bank may, but is not obligated to, require that Company provide adequate <br />security when Company picks up the cash and may also require Company <br />to pick up the cash at Bank’s central vault or other location. <br /> <br />Withdrawals at Affiliates. <br />Company may make withdrawals from Company’s Account at an Affiliate, <br />provided the Affiliate agrees. If an Affiliate cashes an Item for Company, <br />Bank may place a hold on Company’s Account(s) for a corresponding amount <br />of funds. If the Item is later returned to the Affiliate for any reason, Bank may <br />debit one or more of Company’s Accounts for the amount of the Item. <br /> <br />Items Resulting From Company’s Disclosure of Company’s <br />Account Number. <br />If Company voluntarily discloses Company’s Account number to another <br />person orally, electronically, in writing, or by some other means, and Bank <br />determines that the context of such disclosure implies Company’s <br />authorization to debit Company’s Account, Bank may treat such disclosure <br />as Company’s authorization to that person to issue Items drawn on <br />Company’s Account. <br /> <br />Missing Signatures; Alterations; Forgeries. <br />Bank will have no responsibility for reviewing the number or combination of <br />signatures on an Item drawn on Company’s Account. This means that if <br />Company has indicated that more than one signature is required in <br />connection with an Item drawn on Company’s Account, <br />Bank will have no liability to Company if a transaction is conducted on or <br />through Company’s Account contrary to the signature requirements <br />Company has specified, provided at least one of the required signatures <br />appears on the Item. Bank will have no liability to Company for failing to <br />detect a forgery of the signature of an Authorized Signer or an alteration of <br />one of Company’s Items, if the forgery or alteration is such that a reasonable <br />person could not reasonably be expected to detect it. <br />6.1.D. - Page 67
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