2003-041COPY 01/13/2003.WS
RESOLUTION NO. 2003-41
RESOLUTION AUTHORIZING THE TOWN OF WAPPINGER VISA
The following Resolution was introduced by Councilman Bettina and
seconded by Councilman Colsey.
WHEREAS, the Town of Wappinger finds that the use of a credit card in
certain transactions is necessary and proper to insure the most efficient
execution of appropriate governmental purposes; and
WHEREAS, the Town of Wappinger wishes to enter into a VISA Business
Card Credit Agreement with Fleet Bank to provide such credit privileges for
the Town of Wappinger
THEREFORE, BE IT RESOLVED, that Joseph Ruggiero, Supervisor, is
authorized to execute an agreement with Fleet Bank for the purpose of
obtaining credit card privileges with total credit limit of Twenty Thousand
Dollars ($20,000). Such limit in combination with the Town of Wappinger's
other net indebtedness does not cause the Town of Wappinger to exceed the
debt limit applicable to such Town of Wappinger, and the Town of Wappinger
resolves to take all necessary actions to ensure that such total credit card
debt limit will not, in the future, cause the Town of Wappinger to exceed its
debt limit; and
BE IT FURTHER RESOLVED, that the prime holder is authorized to
receive all statements regarding this account. The following named persons
shall be authorized to receive additional cards for their use in carrying out
their official duties in the limit set forth opposite his name;
1) Joseph Ruggiero, Supervisor
BE IT FURTHER RESOLVED, that Joseph Ruggiero, Supervisor, or his
successor, shall be authorized to amend the list of persons authorized to
receive cards as necessary from time to time; and
BE IT FURTHER RESOLVED, that the form of the Fleet Bank VISA
statement complies with all of the Town of Wappinger's claim requirements
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01/13/2003.WS
established by the Town of Wappinger pursuant to applicable law and that
the officer who incurs the expense set forth in a statement submitted from
payment shall approve such claim and verify that the services to which such
expenses were obtained by such officer; and
BE IT FURTHER RESOLVED, that the Town of Wappinger will pay out of
previously allocated funds, or funds received in the current fiscal year, for
any outstanding credit card debt incurred under the Agreement for long term
debt not fully payable out of current revenues or previously allocated funds;
the Town of Wappinger will pay the outstanding balance each month; and
WHEREAS, the Town of Wappinger finds that the use of a credit card in
certain transactions is necessary and proper to insure the most efficient
execution of appropriate governmental purposes; and
WHEREAS, the Town of Wappinger wishes to enter into a VISA Business
Card Credit Agreement (the "Agreement") with FLEET BANK to provide
such credit card privileges for the Town of Wappinger.
NOW, THEREFORE, BE IT RESOLVED, that Joseph Ruggiero,
Supervisor of the Town of Wappinger or his successor, (the "prime
holder") is authorized to execute an agreement with FLEET BANK for the
purpose of obtaining credit card privileges with a total credit limit of $20,000.
Such limit in combination with the Town of Wappinger other net
indebtedness does not cause the Town of Wappinger to exceed the debt
limit applicable to such Town of Wappinger and the Town of Wappinger
resolves to take all necessary actions to ensure that such total credit card
debt limit will not, in the future, cause the Town of Wappinger to exceed
its debt limit; and
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01/13/2003.WS
BE IT FURTHER RESOLVED, that the prime holder is authorized to
receive all statements regarding this account. The following named persons
shall be authorized to receive additional cards for their use in carrying out
their official duties in the limit set forth opposite his name;
NAME INDIVIDUAL CREDIT LIMIT
Joseph Ruggiero, Supervisor $20,000.00
BE IT FURTHER RESOLVED, that Joseph Ruggiero, Supervisor or His
successor, shall be authorized to amend the list of persons authorized to
receive credit cards as necessary from time to time; and
BE IT FURTHER RESOLVED, that the form of the Fleet Bank VISA
statement complies with all of the Town of Wappinger claim requirements
established by the Town of Wappinger pursuant to applicable law and that
the officer who incurred the expense set forth in a statement submitted for
payment shall approve such claim and verify that the services to which such
expenses relate were obtained by such officer; and
BE IT FURTHER RESOLVED, that the Town of Wappinger will pay out
of previously allocated funds, or funds received in the current fiscal year, for
any outstanding credit card debt incurred under the Agreement. The Town
of Wappinger may not use the credit card under the Agreement for long term
debt not fully payable out of current revenues or previously allocated funds;
the Town of Wappinger will pay the outstanding balance each month; and
BE IT FURTHER RESOLVED, that the Town of Wappinger hereby agrees to
pay FLEET BANK for all purchase and cash advances made on the account,
together with finance charges and other charges assessed in connection
therewith, notwithstanding that the Town of Wappinger may not be
obligated by law to pay such amount, and notwithstanding that the proceeds
of any such advance may have been used to pay an expense for which proper
appropriations, authorizations, approvals or bids had not been obtained, or
which otherwise fails to satisfy legal requirements therefor. After repaying
7
FLEET BANK, the Town of Wappinger may pursue any legal remedy
available to recover any funds expended for such unauthorized
use or
nonpublic purpose form any third party or unauthorized user.
The foregoing was put to a vote which resulted as follows:
JOSEPH RUGGIERO, Supervisor Voting
Aye
ROBERT VALDATI, Councilman Voting
Aye
VINCENT BETTINA, Councilman Voting
Aye
JOSEPH PAOLONI, Councilman Voting
Aye
CHRISTOPHER COLSEY, Councilman Voting
Aye
Dated: Wappingers Falls, New York
January 13, 2003
The Resolut'o is hereby duly de lared adopted.
x /.
GLORIA J. MTH06
O /CLERK
CERTIFICATE
I, Gloria J. Morse, Clerk of the Town of Wappinger, located in the
State of New York, hereby certify that the attached hereto as Exhibit A is a
true copy of certain resolutions duly adopted by the Town Board of the Town
of Wappinger at a meeting duly called and held on January 13, 2003, at
which a quorum was present and acting throughout, and that such
resolutions have not been amended or revoked and are in full force and effect
on the date hereof.
IN WITNESS 22E7REOF, the undersigned has executed this
Certificate this � ay of January 2003.
D
r
masiert;ara rsusinessuord uredit Agreement — Authorization
Check whichever applies,•
❑, Corporate Resolution: The undersigned
(the "Organization"), a
A' L(check as applicable):
❑ by unanimous written consent of the directors of
❑ at a meeting of the quom of the Organi
,duo,3199— , at which a quorum was present and actin
been modified or rescinded and are in full force i
❑ Partnership Resolution: The undersigned certifies
(the "Organization"), a general/limited partnership (cir
I hereby certify that at a meeting of the partners of tl
199_, at which a quorum was present and acting thr
modified or rescinded and are in full force and effect.
(circle one) of Town of Wappinger
name of
corporation, hereby certifies that
organization dated , 199 _.
ition duly called and held on the i 3 day of ,
throughout, the following resolutions were adopted and that the resolutions have not
d effect.
he/she is a general partner of
one) formed under the laws of the State of
Organization duly called and held on the day of
shout, the following resolutions were adopted and that the resolutions have not been
❑ Limited Liability Company Resolution: The undersigned certifies that he/she is an officer of
(the "Organization"), a limited liability company organs ed under the laws of the State of I hereby certify that at
a meeting of the members of the Organization duty ca led and held on the day of , 19 , at which
a quorum was present and acting throughout, the following resolutions were adopted and that the resolutions have not been modified or rescinded
and are in full force and effect.
RESOLVED, that each of the following individuals acting al,
on behalf of this Organization for rights and obligations w
annexed hereto and to agree to modifications of that Credi
to designate the "Company Representatives;' as that term
may, but is not required to, designate himself or herself a
RESOLVED, that each Company Representative so designs
and agreements as such individual deems reasonable in
"Cardholder Billing Option" or the "Company Billing Optic
terms of the Credit Agreement; (ill) to designate Cardholdf
(iv) to furnish the Bank with any information concerning tt
Agreement; (v) to terminate Cards on behalf of the Organize
and documents of whatsoever kind and nature necessary c
in the Cards. Specifically included in these powers are the pc
Name
Joseph Ruggiero
RESOLVED, that the authority granted by the foregoing re,
Bank may rely upon any act of a person set forth above, until
this authority.
The undersigned further certifies that the signatures and. title ab
IN TNESS WHEREOF, 1 have set my hand and affixed the se
l
TO BE COMPLETED BY THE BANK OFFICER ITt
FROM:
Bank RI CT NH ME NY MA El
Bank Officer Name:
Branch/Office Name
Telephone No.
❑ Please send Fulfillment Kit to the Com
k BE COMPLETED BY THE LOAN OFFICER (The
L.Alch/Service Unit Number Risk Ri
Officer # Officer Name
Next Review Date / / Officer Signature
10790 4/95 (back)
ie is hereby empowered and authorized (i) to apply to and contract with Fleet Bank "Bank"
ler.the MasterCard BusinessCard Credit Agreement (the "Credit Agreement") in the form
Agreement from time -to -time, including the establishment of the Company Credit Limit; (ii)
defined and used in the Credit Agreement proposed by the Bank and each such individual
a Company Representative; and be it further
rd, acting alone, is hereby empowered and authorized: (i) to execute such related documents
,der to effectuate the intent of the Credit Agreement; (ii) to determine whether to elect the
' (as those terms are defined in the Credit Agreement) and to select the monthly payment
3 (as that term is defined in the Credit Agreement) and establish Cardholder Credit Limits;
Organization and the Cardholders which the Bank requires in connection with the Credit
ion; and (vi) to do and perform all acts and things and to execute and deliver all instruments
incidental to or required by the Bank for the transaction of all business of this Organization
rers to set maximum credit limits for each individual Cardholder, subject to the Bank's consent.
Title , 1 Signature
Suvervisbr
)lutions may be terminated—at any time, but it shall remain in full force and effect, and the
ive (5) business days after the Bank has actually received written notice expressly terminating
are true signatures and titles of t e designated individuals.
of the Organization this �Z,? day of
L1
(Sign rel
/Printed W/1-S,
BANK USE ONLY
section must be completed)
❑ Corporate ❑ Private Bank ❑ High Net Worth
Mail Stop
F— Region
send Fulfillment Kit to me
should be completed if the request has been approved.)
Risk Rating Date -J SIC Code
Telephone #
Mail Stop
Company Credit Line $
CGI
SNF_ IeletMasterCard BusinessCard Company Application
This application is for:
50 A Total Company Card Credit Line for $ .00 ❑ A Credit Line increase from $ to $
Please select your billing and payment option:
Billing Option: Company Billing Option Or ❑ Cardholder Billing Option
Total Number of
Monthly Payment Option: R 1/48th of New Balance ($10/Card Minimum)
Or ❑ Entire New Balance
Business Cards requested 1
BUSINESS NAME (as it should appear on the cards, in 25 characters or less)
❑ Proprietorship ❑ Partnership ❑ Other
Town of Wappinger
5D Corporation ❑ Limited Liability Co},
BUSINESS ADDRESS
BUSINESS PHONE
(8297-0060
20 Middlebush Road
CITY STATE
ZIP CODE ANNUAL COMPANY SALES
Wappingers Falls N.Y.
NATURE OF BUSINESS FISCAL YEAR END (month)
YEARS ESTABLISHED NUMBER OF EMPLOYEES
PARENT COMPANY NAME AND ADDRESS
BUSINESS PHONE _
t
Banking Relationship: Is Fleet Bank your primary bank? ® Yes
❑ No Various
FLEET BANK DEPOSIT ACCOUNT NUMBER
Fleet Bank Branch/Office: 1272 Rt. 9, Wapp. Falls, NY
Bank Officer: Irene M. Reis
BANK REFERENCES: List checking and savings accounts with Banks, Savings and Loans, Finance Companies, Brokerage Firms
FINANCIAL INSTITUTION ACCOUNT NAME
ACCOUNT NUMBER BALANCE
Fleet Bank Town of Wappinger various
TRADE REFERENCES: List your largest trade creditors.
TRADE CREDITOR CONTACT NAME PHONE # TRADE TERMS HIGH CREDIT OUTSTANDING BAL. COLLATERA
nwNCOCIDRINf_IPA S/(;IIORONTORS-
NAME ADDRESS TITLE % OWNERSHIP SOCIAL SECURITY NO.
TERMS AND CONDITIONS
By signing this Application I certify that: I have full authority to sign this Application; all of the information contained herein is true and correct in all respects;
and the applicant business (the "Company") hereby agrees to and will be bound by the Fleet Bank MasterCard BusinessCard Credit Agreement (the
"Agreement'), a copy of which I have received and the terms of which are incorporated herein by reference. Fleet Bank ("Bank") is authorized to investigate
the creditworthiness of the Company. The Company agrees to assume liability for all charges inonrred by the use of any card issued pursuant to the Agreement.
The account is for business purposes only and the Company agrees to pay an annual fee for use of the account in such amount as may be fixed by the
Bank from time to time.
REQUEST AUTHORIZATION
Full Name of Comp Applicant (Company Name) Town of Wa in
Supervisor $ c
115driaturellof Authorized t0iffber Title Date - 7A
Last three fiscal year-end Financial Statements may be required.Year end Financial Statement is:
1 ❑ on file with Fleet Bank ❑ attached.
• See reverse side for additional information.
1n7an Aia� Pier, Sn cA CGt