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HomeMy WebLinkAbout#5088 Region 9 MABAS 53 Team RESOLUTION NO. 5088 A RESOLUTION APPROVING THE BANK OF FARMINGTON AS THE INVESTMENT BANK FOR THE REGION 9 MABAS 53 TECHNICAL RESCUE TEAM FUND WHEREAS, the Region 9 MABAS 53 Technical Rescue Team is made up of the Canton Fire Department, Monmouth Fire Department, Macomb Fire Department and Galesburg Fire Department. WHEREAS, each participant in the Region 9 MABAS 53 Technical Rescue Team contributes $1,000.00 per year to a fund for equipment maintenance and purchase. WHEREAS, the Canton Fire Department is the controlling entity for the monies contributed to this fund. WHEREAS, the City of Canton Finance Department has determined and recommended that the funds be held in its own money market account. WHEREAS, the City of Canton Finance Department requested quotes from local banks and credit unions for interest, fees, and regulations on money market accounts. WHEREAS, the Bank of Farmington responded with the highest interest rate and lowest fees of all quotes received. WHEREAS the Finance Committee of the City of Canton, has determined that it is in the best interests of the City of Canton to hold the Region 9 MABAS 53 Technical Rescue Team monies that it receives from other fire departments in a money market account at the Bank of Farmington with the interest, fees and regulations as seen in Exhibit A, attached hereto. WHEREAS, the City Council has reached a similar determination to deposit the Region 9 MABAS 53 Technical Rescue Team monies into a money market account at the Bank of Farmington with the terms attached hereto in Exhibit A. NOW THEREFORE, be it resolved by the City Council of the City of Canton, Fulton County, Illinois, as follows: I. That the Finance Department shall open a money market account at the Bank of Farmington with the terms attached hereto and incorporated herein as Exhibit A in the name of"Region 9 MABAS 53 Technical Rescue Team Fund." 2. That this Resolution shall be in full force an effect immediately upon its passage by the City Council of the City of Canton, Fulton County, Illinois and approval by the Mayor thereof. NLR Documents/Resolutions 3/16/2017 PASSED by the City Council of the City of Canton, Fulton County, Illinois, at a regular meeting this 21st day of March 2017, upon a roll call vote as follows: AYES: Aldermen Justin Nelson, Gerald Ellis,John Lovell, Angela Hale, Craig West, Ryan Mayhew NAYS: None ABSENT: None ABSTAIN: Alderman Tad Putrich APPROVED: (�Jy��� Jeffrey A. •• , Mayor ATTEST: n Diana P. rr NLR Documents/Resolutions 3/16/7017 BANK OF FARMINGTON 2115 NORTH MAIN STREET, P.O. BOX 428 CANTON, IL 61520 TRUTH IN SAVINGS DISCLOSURE Terms following a 0 apply Only if checked. MctFREMIER MONEY MARKET BUSIWWII Met 1:701 394 Frequency of rate change Date: 3/16/9017 S We may change the Interest rate on your account at • The interest rate and annual percentage yield stated below Dur discretion are mourns as of the date printed above.If you would like more ❑ Your Initial interest rate will not change current rate and yield Information Mme call us at (3091 64n-1500 This disclosure contains the rules which govern your deposit We may change the interest rate on your account at that time account. Unless it would be Inconsistent to do ac, words and phrases used M this disclosure should be construed so that the andeft Pr 17-11-7016 thereafter. singuler Includes the plural and the plural includes the singular. limitations on rate Manges We reserve the right to at any time require not les than 0 The interest rate for your account will not days notice In writing before any withdrawal from an interest by mon than each bearing account. 0 The Interest rate will not be less than % ❑ FIXED RATE or more than %. ❑ The interest rate for your account Is 96 with 0 The interest rate will not an annual percentage yield of %.We will pay this rate the Interest rate initially disclosed to you. We will not decrease thie rate unless we first give you at Minimum Balance Regdremente leen 30 days notice in writing. ® To open the account. You must deposit at lust ❑ The 'Menet rete end annual percentage yield for your 05.000.00 to open this account. account depend upon the applicable rate tier. We will pay ® To avoid imposition of fees. these rates To avoid the imposition of the mi nl mum balance fee you must meet She following requirements: We will not decrease these rates unless we first give you n ® A ma n+mum ha l ance feeof 110 00 least 30 days notice In waling, will be Imposed everyet atement ryrle ® VARIABLE RATE if the balance in the account falls below $5.000.00 IH The interest rate far your account is 0.65n% with any day of the statement curl e an annual percentage yield of 0.65 %. Your Interest 0 A of 110 00 rate and annual percentage yield may chane. will be imposed every ® The Interest rate and annual percentage yield for your If the average daily balance for the account depend upon the applicable rate tier. The interest fella below $ .The rate and annual percentage yield for Mese Sera may change. average daily below.is calculated by adding the principal in the account for each day of the period and dividing that figure Determination of rate by the number of days in the period. S At our discretion, we may change the Interest rate on The period we use is your account. To avoid the Imposition of the you ❑ The interest rate for your account must meat following requirements ❑ A oft will be imposed for transaction (withdrawal, check paid, automatic transfer or payment out of your account) If the balance in the account ❑ The fixed Initial rate Is not determined by this rule. ❑ The Initial Interest rate on your account falls below $ any day of the ❑ A of$ will be imposed for transaction (withdrawal, check paid, automatic transfer or Subsequent rates payment out of your account)if the average doily balance for the falls below Tut In Sevlree Disclosure Tp 711512011 eleWNW Kluwer NnMYBervIue 01902,2011 Page I an 1 .The average daily balance is calculated Transaction Limitations by adding the principal in the account for each day of the Period and dividing that figure by the number of days in the ❑ The minimum amount you may deposit is Puled. 1 The period we use is ❑ The minimum amount you may withdraw ie MI To obtain the annual percentage yield disclosed. 1 ® You must maintain a minimum balance of ® During any month • 45. 000.00 in the account each day to obtain you may not make mon than 6 the dbclosed annual percentage yield. withdrawals or transfers to another account of yours or to a ❑ You must maintain a minimum average daily balance of third party by means of a pnauthorlad or automatic transfer or i to obtain the disclosed annual telephone order or instruction, computer transfer, or by check, percentage yank.The average daily balance is calculated by adding the principal in the account for each day of the period draft,debit card or similar order to a third party and dividing that figure by the number of day.in the period. ❑ The period we use I. Compounding and Crediting ® frequency•Intercityil l be compoundedmnnt h I y 'Merest will be credited to your account monthly. ® Effect of closing an account If you close your account before interest is credited, you will receive the accrued interest. Balance Computation Method ® Deily Balance Method. We use the daily balance method to calculate the 'Merest on your account. This method applies s 0 You may only make deposits into your account each daily periodic rate to the principal In the account each day. statement cycle. ❑ Average Daily Balance Method. Ws us* the average daily 0 You may only make ATM balance method to cabulna interest on your account. This your account sash statement cyclo. method applies a periodic rate to the average daily balance In the account for the period. The average daily balance is calculated 0 You may only make pietist/tensed transfers by addingthe principal in the ac account for eh day of the period and dividng that figura by the number of days In the period. Your account each statement cycle. Additional Terme The period we use is A per check fee of $10.00 will be Accrual of intens on noncash deposits charged for each debit transaction ❑ Interest be ins to accrue no later than the business day we (withdrawal, check paid, automatic receive credit for the deposit of noncash hems 'for example. transfer or checks). payment out of this account) in excess of six (61 during a statement ® Interest begins to accrue on the business day cycle. you deposit noncash items'for example checks). B onuses ❑ You will as a bonus ❑ You must maintain a minimum of a to obtain the bonus. ❑ To earn the bonus. B .s$Vni1wwa,r. Tse rnsno,l.*r .esu Welts Kluwer FI.Fl.I Suvpn C 1992 2011 PIP.2 ell Terms and Conditions of Your Account Agreement. This document, along with any other any additional reasonable charges for services you request documents we give you pertaining to your a count(s),is a which are not covered by this agreement. contract that establishes rules which control your account(s) Bach of you also agrees to be jointly and severally with us. Please read this carefully and retain it for future (individually)liable for any account shortage resulting from reference. If you sign the signature card or open or continue charges or overdrafts, whether caused by you or another to use the account,you agree to these rules. You will with access to this account. This liability is due receive a separate schedule of rates, qualifying balances, and immediately, and can be deducted directly from the account fees if they are not included in this document. If you have balance whenever sufficient funds are available. You have any questions,please call us. no right to defer payment of this liability, and you are liable This agreement is subject to applicable federal laws, the regardless of whether you signed the item or benefited from laws of the state of Illinois and other applicable rules such as the charge or overdraft. the operating letters of the Federal Reserve Banks and You will be liable for our costs as well as for our reasonable payment processing system rules(except to the extent that attorneys' fees, to the extent permitted by law, whether this agreement can and does vary such rules or laws). The incurred as a result of collection or in any other dispute body of state and federal law that governs our relationship involving your account. This includes, but Is not limited to, with you, however, is too large and complex to be disputes between you and another joint owner; you and an reproduced here, The purpose of this document is to: authorized signer or similar party; or a third party claiming 1. summarize some laws that apply to common an interest in your account. This also includes any action transactions; that you or a third party takes regarding the account that 2. establish rules to cover transactions or events which the causes us,in good faith, to seek the advice of an attorney, law does not regulate; whether or not we become involved in the dispute. All costs 3. establish rules for cettain transactions or events which and attorneys' fees can be deducted from your account when the law regulates but permits variation by agreement; they are incurred, without notice to you. and Deposits. We will give only provisional credit wail 4. give you disclosures of some of our policies to which collection is final for any items,other than cash, we accept you may be entitled or in which you may he interested. for deposit(including items drawn "on us"). Before If any provision of this document is found to be settlement of any item becomes final, we act only as your unenforceable according to its terms, all remaining agent, regardless of the form of Indorsement or lack of provisions will continue in full force and effect. We may indorsement on the item and even though we provide you permit sane variations from our standard agreement, hut we provisional credit for the item. We may reverse any must agree to any variation in writing either on the signature provisional credit for items that are lost, stolen, or returned, card for your account or in some other document. Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in As used in this document the words "we," "our," and "us" U.S. dollars. We are not responsible for transactions by mean the financial institution and the words "you" and mail or outside depository until we actually record them. "your" mean the account holders)and anyone else with the We will treat and record all transactions received after our authority to deposit, withdraw, or exercise control over the "daily cutoff time" on a business day we are open,or funds in the account. However, this agreement does not received on a day we are not open for business, as if intend, and the terms "you' and "your" should not be initiated on the next business day that we are open. At our interpreted, to expand an individual's responsibility for an option, we may take an item for collection rather than for organization's liability. If this account is owned by a deposit. If we accept a third-party check for deposit, we corporation,partnership or other organization, individual may require any third-party indorsers to verily or guarantee liability is determined by the laws generally applicable to their indorsements, or indorse in our presence. that type of organization. The headings in this document arc Withdrawals.for convenience or reference only and will not govern the interpretation of the provisions. Unless it would be Generally. Unless clearly indicated otherwise on the inconsistent to do so, words and phrases used in this account records, any of you, acting alone, who sips to document should be construed so the singular includes the open the account or has authority to make withdrawals plural and the plural includes the singular. may withdraw or transfer all or any pan of the account Doherty. You agree, for yourself(and the person or entity balance at any time. Each of you(until we receive you represent if you sign as a representative of another)to written notice to the contrary)authorizes each other the terms of this account and the schedule of charges. You person who signs or has authority to make withdrawals authorize us to deduct these charges, without notice to you, to indorse any item payable to you or your order for directly front the account balance as accrued. You will pay deposit to this account or any other transaction with us. Tams en2<adtionNL Bankers Bin TC4L 6909013 Woks*KWMI Annelid Bowan 02009,2012 Pope 1 e1? Postdated Checks. A postdated check is one which how frequently or under what circumstances we have bears a date later than the date on which the check is paid overdrafts on your account in the past. We can written. We may properly pay and charge your account change our practice of paying overdrafts on your account for a postdated check even though payment was made without notice to you. You can ask us if we have other before the date of the check, unless we have received account services that might be available to you where we written entice of the postdating in time to have a commit to paying overdrafts under certain circumstances, reasonable opportunity to act. Because we process checks such as an overdraft protection line-of-credit or a plan to mechanically, your notice will not be effective and we sweep funds from another account you have with us. will not be liable for failing to honor your notice unless You agree that we may charge fees for overdrafts. For it precisely identifies the number, date, amount and consumer accounts, we will not charge fees for payee of the item. overdrafts causal by ATM withdrawals or one-time debit Checks and Withdrawal Rules. Ifyou do not card transactions if you have not opted-in to that service. your check blanks from us, must be certain We may use subsequent deposits,orother vrng direct purchaseyouto cdepover of social draftita nerd aftgovernment. benefits, that wny aor byou purchase.h Weomay to cover such overdrafts and overdraft fees. refuse any withdrawal or transfer request which you attempt on forms not approved by us or by any method Multiple Signatures, Electronic Check Conversion, we do not specifically permit. We may refuse any and Similar Transactions. An electronic check withdrawal or transfer request which is greater in conversion transaction is a transaction where a check or number than the frequency permitted, or which is for an similar item is converted into an electronic fund transfer amount greater or less than any withdrawal limitations. as defined in the Electronic Fund Transfers regulation. We will use the date the transaction is completed by us In these types of transactions the check or similar item is (as opposed to the date you initiate it)to apply the either removed from circulation(truncated)or given frequency limitations. In addition, we may place back to you. As a result, we have no opportunity to limitations on the account until your identity is verified. review the check to examine the signatures on the item, Even if we honor a nonconforming request, are not You agree that, as to these or any items as to which we violate the s, weet have no opportunity to examine the signatures, you required to do so laterIf you transaction limitations (if any), in our discretion we may waive any requirement of multiple signatures. close your account or reclassify it as a transaction Notice of Withdrawal. We reserve the right to require account. If we reclassify your account, your account will not less than 7 days' notice in writing before each be subject to the fees and earnings rules of the new withdrawal from an interest-bearing account other than a account classification. time deposit, or from any other savings account as If we are presented with an item drawn against your defined by Regulation D. (The law requires us to reserve account that would be a "substitute check,' as defined by this right, but it is not our general policy to use it.) law, but for an error or defect in the item introduced in Withdrawals from a time account prior to maturity or the substitute cheek creation process, you agree that we prior to any notice period may be restricted and may be may pay such item. subject to penalty. See your notice of penalty for early withdrawal. See the tondo availability policy disclosure for Ownership of Account and Beneficiary information about when you can withdraw funds you Designation. These rides apply to this account depending deposit. For those accounts to which our fulls on the form of ownership and beneficiary designation, if availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be any, specified on the account records. We make no available for witha de . We may determine the amount representations as to the appropriateness or effect of the ownership and beneficiary designations, of available fus in your account for the purpose of he except as they funds deciding whether to return an item for insufficient funds determine to whom we pay the account funds. at any dine between the time we receive the item and Individual Account.This is an account in the name of when we return the item or send a notice in lieu of one person. return. We need only make one determination, but if we Joint Account • With Survivorship (And Na[As choose to make a subsequent determination, the account balance at the subsequent time will determine whether Tenants In Common). This Is an account in the name of there are insufficient available funds. two or more persons. Each of you intend that when you at our Overdrafts. You understand that we may, die the balance in the account(subject to any previous ypledge to which we have agreed)will belong to the discretion, honor withdrawal requests that overdraw your survivor(s). If two or more of you survive,you will account. However, the fact that we may honor own the balance in the account as joint tenants with withdrawal requests that overdraw the account balance survivorship and not as tenants in common. does not obligate us to do so later. So you can NOT rely on us to pay overdrafts on your account regardless of terms em ewwonwIL Wf✓e Srereme. Tal an 012013 Waltws FbWer Pwehl 6xeku•2002,2012 Pigs 2 at Joint Account - No Survivorship (As Tenants hi payment order expires. A release of the stop-payment Common). This is owned by two or more persons, but request may be made only by the person who initialed the none of you intend(merely by opening this account)to stop-payment order. create any right of survivorship in any other person. We If you stop payment on an item and we incur any damages encourage you to agree and tell us in writing of the or expenses because of the stop payment, you agree to percentage of the deposit contributed by each of you. indemnify us for those damages or expenses,including This information will not, however, affect the "number attorneys' fees. You assign to us all rights against the payee of signatures" necessary for withdrawal. or any other holder of the item. You agree to cooperate with Revocable Trust or Pay-On-Death Account. if two us in any legal actions that we may take against such or more of you create this type of account, you own the persons. You should be aware that anyone holding the item account jointly with survivorship, Beneficiaries of either may he entitled to enforce payment against you despite the of these account types cannot withdraw unless: (1)all stop-payment order. persons creating the account die, and(2) the beneficiary our slop-payment cutoff time is one hour after the opening is then living. If two or more beneficiaries are named of the next banking day after the banking day on which we and survive the death of the owner(s)of the account, receive the item. Additional limitations on our obligation to such beneficiaries will own this account in equal shares, stop payment are provided by law(e.g., we paid the item in without right of survivorship. The person(s)creating cash or we certified the item). either a Pay-On-Death or Revocable Trust account reserves the right to: (1)change beneficiaries, (2) Telephone Transfers. A telephone transfer of funds from change account types, and(3) withdraw all or part of the this account to another account with us, if otherwise account funds at any time. arranged for or permitted, may be made by the same persons and under the same conditions generally applicable Business, Organization and Association to withdrawals made in writing. Unless a different limitation Accounts. Earnings in the form of interest,dividends, or is disclosed in writing, we restrict the number of transfers credits will he paid only on collected funds, unless from a savings account to another account or to third otherwise provided by law or our policy. You represent that parties, to a maximum of six per month(less the number of you have the authority to open and conduct business on this "preauthorized transfers"during the month). Other account account on behalf of the entity. We may require the transfer restrictions may be described elsewhere. governing body of die entity opening the account to give us a separate authorization telling us who is authorized to act Amendments and Termination. We may change any on its behalf. We will honor the authorization until we term of this agreement. Rules governing changes in Interest actually receive written notice of a change from the rates are provided separately in the Truth-in-Savings governing body of the entity. disclosure or in another document. For other changes, we will give you reasonable notice in writing or by any other Stop Payments. Unless otherwise provided,the rules in method permitted by law. We may also close this account at this section cover stopping payment of items such as checks any time upon reasonable notice to you and tender of the and drafts. Rules for slopping payment of other types of account balance personally or by mail. Items presented for transfers of hinds, such as consumer electronic fund payment after the account is closed may be dishonored. transfers, may be established by law or our policy. If we When you close your summit you are responsible for have not disclosed these rules to you elsewhere, you may leaving enough money in the account to cover any ask us about those rules. outstanding items to be paid front the account. Reasonable We may accept an order to stop payment on any item front notice depends on the circumstances, and in some cases such any one of you. You must make any stop-payment order in as when we cannot verify your identity or we suspect fraud, the manner required by law and we must receive it in time it might be reasonable for us to give you notice after the to give us a reasonable opportunity to act on it before our change or account closure becomes effective. For instance, stop-payment cutoff time. Because stop-payment orders are if we suspect fraudulent activity with respect to your handled by computers, to he effective, your stop-payment account, we might immediately freeze or close your account order must precisely identify the number,date, and amount and then give you notice. You agree to keep us informed of of the item, and the payee. your current address at all times. Notice from us to any one of you is notice to all of you. If we have notified you of a You may stop payment on any item drawn on your account change in any term of your account and you continue to whether you sign the item or not Generally, if your stop- have your account after the effective date of the change, you payment order is given to us in writing it is effective for six have agreed to the new term(s). months. Your order will lapse atter that time if you do not Statements. renew the order in writing before the end of the six-month period. If the original stop-payment order was verbal your Your Duty to Report Unauthorized Signatures, stop-payment order will lapse ager 14 calendar days if you Alterations and Forgeries. You must examine your do not confirm your order in writing within that time statement of account with "reasonable promptness." If period. We are not obligated to notify you when a stop- you discover(or reasonably should have discovered)any TSeamy win*S Codllbmll cul t140/2013WaltoWaltonKY .,FFln.n}M S.rvin.°200B,2012 PK.3 et 7 unauthorized signatures or alterations, you must use any other legal remedy to recover the amount of our promptly notily us of the relevant facts. As between you liability. and us, if you fail to do either of these duties,you will Temporary Account Agreement. If this option is have to either share the loss with us, or bear the loss selected, this is a temporary account agreement. Each entirely yourself(depending on whether we used ordinary care and, if not, whether we substantially person who signs to open the account or has authority to contributed to the loss). The loss could be not only with make withdrawals (except as indicated to the contrary)may respect to items on the statement but other items with tIn business re this account. However, we may at sane unauthorized signatures or alterations by the same time in We future restrict or prohibit further use of this wrongdoer account if you fail to comply with the requirements we have imposed within a reasonable time. You agree that the time you have to examine your Set-Off. We may (without prior notice and when permitted statement and report to us will depend on the by law)set off the fume in this account against any due and circumstances, but will not, in any circumstance, exceed payable debt you owe us now or in the future,by any of a total of 30 days from when the statement is first sent you having the right of withdrawal, to the extent of such or made available to you. persons' or legal entity's right to withdraw. If the debt You further agree that if you fail to report any arises from a note, "any due and payable debt" includes the unauthorized signatures, alterations or forgeries in your total amount of which we are entitled to demand payment account within 60 days of when we first send or make under the terms of the note at the time we set off,including the statement available, you cannot assert a claim against any balance the due date for which we properly accelerate us on any items in that statement, and as between you under the note. and us the loss will be entirely yours. This 60-day This right of set-off does not apply to this account if limitation is without regard to whether we used ordinary prohibited by law, For example, the right of set-off does not care. The limitation in this paragraph is in addition to apply to this account if: (a)it is an Individual Retirement that contained in the first paragraph of this section. Account or similar tax-deferred account, or(b)the debt is Your Duty to Report Other Errors. In addition to created by a consumer credit transaction under a credit card your duty to review your statements for unauthorized Plan(but this does not affect our rights under any signatures,alterations and forgeries,you agree to consensual security interest), or(c)the debtor's right of examine your statement with reasonable promptness for withdrawal only arises in a representative when capacity. We will any other error-such as an encoding error. You agree not be liable for the dishonor of any checkthe that the time you have to examine your statement am dishonor occurs because we set off a debt against this report to us will depend on the circumstances. However, account. You agree to hold us harmless from any claimsuch time period shall not exceed 60 days. Failure to arising as a result of our exercise of our right of set-off. examine your statement and report any such errors to us Check Processing. We process items mechanically by within 60 days of when we first send or make the relying solely on the information encoded in magnetic ink statement available precludes you from asserting a claim along the bottom of the items. This means that we do not against us for any such errors on items identified in that individually examine all of your items to determine if the statement and as between you and us the loss will be item is properly completed, signed and indorsed or to entirely yours. determine if it contains any information other than what is Errors Relating to Electronic Fund Transfers or encoded in magnetic ink, You agree that we have not failed Substitute Checks (For consumer accounts only). For to exercise ordinary care solely because we use our information on errors relating to electronic fund automated system to process items and do not inspect all transfers(e.g., computer, debit card or ATM items processed in such a manner. Using an automated process helps us keep costs down for you and transactions)refer to your Electronic Fund Transfers all account disclosure and the sections on consumer liability and holders. error resolution. For information on errors relating to a Check Cashing. We may charge a fee for anyone that does substitute check you received, refer to your disclosure not have an account with us who is cashing a check,draft or entitled Substitute Checks and Your Rights. other instrument written on your account. We may also Direct Deposits. If we are required for any reason to require reasonable identification to cash such a check, draft oreimburse the federal government for all or any portion of a e rother instrument. We can decide what identification is benefit payment that was directly deposited into your reasonable under the circumstances and such identification account, you authorize us to deduct the amount of our a thumbprintay documentary or or physical and may include collecting liability to the U.S. Government from the account or from a or fingerprint. any other account you have with us, without prior notice Truncation, Substitute Checks, end Other Check and at any time, except as prohibited by law. We may also Images. If you truncate an original check and create a substitute check, or other paper or electronic image of the original check, you warrant that no one will be asked to Term.and CaMi.ML Batten n.n R.Miw✓Rwfi+i$"nen•x009,2012 TC-IL P . el7 v9.•nl make payment on the original check, a substitute check or institution may rely on the identifying number to make any other electronic or paper image, if the payment payment. We may rely on the number even if it identifies a obligation relating to the original check has already been financial institution, person or account other than the one paid. You also warrant that any substitute check you create named, You agree to be bound by automated clearing house conforms to the legal requirements and generally accepted association rules. These rules provide, among other things, specifications for substitute checks. You agree to retain the that payments made to you, or originated by you, are original check in conformance with our internal policy for provisional until final settlement is made through a Federal retaining original checks. You agree to indemnify us for any Reserve Bank or payment is otherwise made as provided in loss we may incur as a result of any truncated check Article 4A-403(a)of the Uniform Commercial Code. If we transaction you initiate, We can refuse to accept substitute do not receive such payment, we are entitled to a refund checks that have not previously been warranted by a bank or from you in the amount credited to your account and the other financial institution in conformance with the Check 21 party originating such payment will not he considered to Act. Unless specifically stated in a separate agreement have paid the amount so credited. If we receive a payment between you and us, we do not have to accept any other order to credit an account you have with us by wire or electronic or paper image of an original check. ACH, we are not required to give you any notice of the Remotely Created Checks. Like any standard check or payment order or credit. draft, a remotely created check(sometimes called a Facsimile Signatures. Unless you make advance teiecheck, preauthorized draft or demand draft)is a check or arrangements with us, we have no obligation to honor draft that can be used to withdraw money from an account. facsimile signatures on your checks or other orders. If we Unlike a typical check or draft, however, a remotely created do agree to honor items containing facsimile signatures, you check is not issued by the paying bank and does not contain authorize us, at any time, to charge you for all checks, the signature of the account owner(or a signature purported drafts, or other orders, for the payment of money, that are to be the signature of the account owner). In place of a drawn on us. You give us this authority regardless of by signature, the check usually has a statement that the owner whom or by what means the facsimile signature(s)may have authorized the check or has the owner's name typed or been affixed so long as they resemble the facsimile signature printed on the signature line. For example, if a person specimen filed with us, and contain the required number of provides an account number in response to a telephone signatures for this purpose. You must notify us at once if solicitation, the telephone solicitor can use the account you suspect that your facsimile signature is being or has number to issue a remotely created check to withdraw been misused. money from that account. Convenience Depositor (Individual Accounts oily). A You warrant and agree to the following for every remotely single individual is the owner. The convenience depositor S created check we receive from you for deposit or collection: merely designated to conduct transactions on the owner's (I)you have received express and verifiable authorization to behalf. The owner does in give up any rights to act on the create the check in the amount and to the payee that appears account, and the convenience depositor may not in any on the check; (2)you will maintain proof of the manner affect the rights of the owner or beneficiaries, if authorization for at least 2 years from the date of the any, other than by withdrawing funds from the account. The authorization,and supply us the proof if we ask; and(3)if a owner is responsible for any transactions of the convenience check is returned you owe us the amount of the check, depositor. We undertake no obligation to monitor regardless of when the check is returned. We may take transactions to determine that they are on the owner's funds from your account to pay the amount you owe us, and behalf. The owner may terminate the authorization at any if there are insufficient funds in your account, you still owe time, and the authorization is automatically terminated by us the remaining balance. the death of the owner. However, we may continue to honor Unlawful Internet GamblingNotice. Restricted the transactions of the convenience depositor until: (a)we have received written notice or have actual knowledge of the transactions as defined in Federal Reserve Regulation GG termination of authority, and(b) we have a reasonable are prohibited front being processed through this account or opportunity to act on that notice or knowledge. We may relationship. Restricted transactions generally include, but refuse to accept a convenience depositor. are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by Restrictive Legends. The automated processing of the gambling businesses in connection with the participation by large volume of checks we receive prevents us from others in unlawful Internet gambling. inspecting or looking for special instructions or"restrictive ACH and Wire This is subject to legends" on every check. Examples of restrictive legends Article4Aof the Transfers.asrn CThis agreementcial Code-Fund placed on checks are "must he presented within 90 days" or Transfers as adopted in the state in which you have your not ore for more ono$1,000.00.any restrictive For Wind reason,platwe n account with us. If you originate a fund transfer and you are not required to less any in rit writing to the identifybyname and number a beneficiaryfinancial checks you write unless whave agreedfor in losses, l s strestriction We are not responsible for any claims, institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial •.ms and c.wawk WaSysteme' cul 4/30(20,3 th Kluwer Fn.Ciel Service•3001,.2012 r•gs 5 of 7 damages, or expenses that result from your placement of account(s)dies or becomes legally incompetent. We may these or other special instructions on your checks. continue to honor your checks, items, and instructions until: Account Transfer. This account may not be transferred or (a)we know of your death or incompetence, and(b)we Account without ow is accountitten may have had a reasonable opportunity to act on that knowledge. You agree that we may pay or certify checks drawn on or Indorsements. We may accept for deposit any item before the date of death or legal incompetence for up to ten payable to you or your order, even if they are not indorsed (10)days after your death or legal incompetence unless by you. We may give cash back to any one of you. We may ordered to stop payment by someone claiming an interest in supply any missing indorsemem(s)for any item we accept the account. for deposit or collection, and you warrant that all Fiduciary Accounts. Accountsmay be openedbya person indorsements are genuine. acting in a fiduciary capacity. A fiduciary is someone who Is To ensure that your check or share draft is processed appointed to act on behalf of and for the benefit of another. without delay, you must indorse it (sign it on the back)in a This account may be opened and maintained by a person or specific area. Your entire indorsement(whether a signature persons named as a trustee under a written trust agreement, or a stamp)along with any other indorsement information or as executors, administrators, or conservators under court (e.g., additional indorsements, ID information, driver's orders. You understand that by merely opening such an license number,etc.)must fall within 1 1/2"of the "trailing account, we are not acting in the capacity of a trustee in edge" of a check. Indorsements must be made in blue or connection with the trust nor do we undertake any obligation black ink, so that they are readable by automated check to monitor or enforce the terms of the trust or letters. processing equipment. Credit Verification. You agree that we may verify credit As you look at the front of a check, the "trailing edge" is and employment history by any necessary means, including the left edge, When you flip the check over, be sure to keep preparation of a credit report by a credit reporting agency. all indorsement information within 1 1/2" of that edge. Legal Actions Affecting Your Account. If we are served Hwa 7654 with a subpoena, restraining order, writ of attachment or MM0 ...car,sus. —rot_ execution, levy, garnishment, search warrant, or similar P.v out s_ order relating to your account(termed "legal action" in this ° mar, section), we will comply with that legal action. Or, in our Barr,Name discretion, we may freeze the assets in the account and not and nonan allow any payments out of the account until a final court Memo determination regarding the legal action. We may do these 0171551 Hi 94 96 5% things even if the legal action involves less than all of you. $ FRONT OF CHECK In these cases, we will not have any liability to you if there are insufficient funds to pay your items because we have TRAILING EWE withdrawn funds from your account or in any way restricted rota INOORBEMEN7 sxa7 access to your funds in accordance with the legal action. r BE wimor scum Any fees or expenses we incur in responding to any legal action(including, without limitation, attorneys' fees and our internal expenses)may be charged against your account. The list of fees applicable to your account(s)provided elsewhere may specify additional fees that we may charge f"^''-4.4 Nap el!he0nis for certain legal actions. Security. It is your responsibility to protect the account numbers and electronic access devices (e.g., an ATM card) we provide you for your account(s). Do net discuss, escKacHfcK It is important that you confine the indorsement information compare, or share information about your account to this area since the remaining blank space will be used by mumber(s)with anyone unless you are willing to give them others in the processing of the check to place additional full use of your money. An account number can be used by needed indorsements and information. You agree that you thieves to encode your number on a false demand draft will indemnify, defend, and hold us harmless for any loss, which looks like and functions like an authorized check. If liability, damage or expense that occurs because your you furnish your access device and grant actual authority to indorsement, another indorsement, or information you have make transfers to another person(a family member or printed on the back of the check obscures our indorsement. coworker, for example)who then exceeds that authority, These indorsement guidelines apply to both personal and you are liable for the transfers unless we have been notified business checks. that transfers by that person are no longer authorized. Your account number can also be used to electronically remove Death or Incompetence. You agree to notify us promptly money from your account. If you provide your account if any person with a right to withdraw funds from your number in response to a telephone solicitation for the Tama.N CorWKur.'IS BxYr.Sv"lST^ TCX 640/1013 W. .rs 4.m'.r FMTW Serving 42009,2012 Pp.6 N 7 purpose of making a transfer(to purchase a service or Address or Name Changes. You are responsible for merchandise, for example), payment can be made from your notifying us of any change in your address or your name. account even though you did not contact us directly and Unless we egret otherwise, change of address or name must order the payment. You must also take precaution in be made in writing by at least one of the account holders. safeguarding your blank checks. Notify us at once if you Informing us of your address or name change on a check believe your checks have been lost or stolen. As between reorder form is not sufficient. We will attempt to you and us, If you are negligent In safeguarding your communicate with you only by use of the most recent checks, you must bear the loss entirely yourself or share the address you have provided to us. If provided elsewhere,we loss with us(we may have to share sane of the loss if we may impose a service fee if we attempt to locate you. failed to use ordinary care and if we substantially Resolving Account Disputes. We may place an contributed to the loss). administrative hold on the funds in your account(rehae You agree that if we offer you services appropriate for your payment or withdrawal of the funds)ti'it becomes subject to account to help identify and limit fraud or other a claim adverse to (1)your own interest;(2)others claiming unauthorized transactions against your account, such as an interest as survivors or beneficiaries of your account; or positive pay or commercially reasonable security (3) a claim arising by operation of law. The hold may he procedures, and you reject those services,you will be placed for such period of time as we believe reasonably responsible for any fraudulent or unauthorized transactions necessary to allow a legal proceeding to determine the which could have been prevented by the services we merits of the claim or until we receive evidence satisfactory offered,unless we acted in bad faith or to the extent our to us that the dispute has been resolved. We will not be negligence contributed to the loss. liable for any items that are dishonored as a consequence of Telephonic Instructions. Unless required by law or we placing a hold on funds in your account for these reasons. have agreed otherwise in writing, we arc not required to act Waiver of Notices. You waive any notice of non-payment, upon instructions you give us via facsimile transmission or dishonor or protest regarding any items credited to or leave by voice mail or on a telephone answering machine. charged against your account. Claim of Loss. If you claim a credit or refund because of a Additional Terms. forgery, thermion, or any other unauthorized withdrawal, you agree to cooperate with us in the Investigation of the loss, including giving us an affidavit containing whatever reasonable information we require concerning your account, the transaction, and the circumstances surrounding the loss. You will notify law enforcement authorities of any criminal act related to the claim of lost, missing,or stolen checks or unauthorized withdrawals. We will have a reasonable period of time to investigate the fails and circumstances surrounding any claim of loss. Unless we have acted in bad faith, we will not be liable for special or consequential damages, including loss of profits or opportunity,or for attorneys' fees incurred by you. You agree that you will not waive any rights you have to recover your loss against anyone who is obligated to repay, insure,or otherwise reimburse you for your loss. You will pursue your rights or, at our option, assign them to us so that we may pursue them. Our liability will be reduced by the amount you recover or are entitled to recover from these other sources. Early Withdrawal Penalties (and involuntary withdrawals). We may impose early withdrawal penalties on a withdrawal from a time account even if you don't initiate the withdrawal. For instance, the early withdrawal penalty may be imposed if the withdrawal is caused by our setoff against funds in the account or as a result of an attachment or other legal process. We may close your account and impose the early withdrawal penalty on the entire account balance in the event of a partial early withdrawal. See your notice of penalty for early withdrawals for additional information. Tuna is cmflbHLBonham nes rex enollOu Wolin aL rMantltl Bovine•2000.0014 Pan)b City of Canton General Fund Bids Amount=$34,267.61 Purpose=Bank Account for placement of Technical Rescue Funds Financial Institution Proposals &WIkNI®i Bats Account Service Fees Account Type Ipava State Bank 0.50% None Money Market Bank Name Bats Account$ervi.r uses Account Type Bank of Farmington 0.65% None Money Market Bank Name Bate Account Service Fees Account Tv'@ Triumph 0.50% None if above 4500 Money Market 1 Bank Name Bets Account Service Fees Account Type Mid America 0.10% None Now Account Banc Name Bats Account Service Fees Account Type CEFCU 0.15% None Savings+Dividend Checking Bank Name Bats Account ServiceFees Account Type Wells Fargo (No response)