Rev. 3-13-02
CITY OF MISSION VIEJO
TIME CERTIFICATE OF DEPOSIT
DEFINITIONS:
Assignor
Person depositing funds for certificate.
Assignee
The City of Mission Viejo.
Federal Insurance Agency
Name of federal agency insuring the bank or
savings and loan association issuing certificate.
INSTRUCTIONS FOR COMPLETING CERTIFICATE OF DEPOSIT FORM:
1.
Certificate to be made payable to City of Mission Viejo.
2.
Minimum maturity date shown on certificate shall be six (6) months.
3.
Face of certificate needs to state funds will be automatically renewed after maturity date.
4.
Attach notary acknowledgements for signatures of authorized officer of bank or savings
and loan association and assignor.
5.
Submit original certificate or passbook and certificate of deposit form.
Rev. 3-13-02
CERTIFICATE OF DEPOSIT
ASSIGNMENT
TO:
CITY OF MISSION VIEJO
DATE:
Public Works Department
CERTIFICATE OF DEPOSIT NO.:
200 Civic Center
AMOUNT: $
Mission Viejo, California 92691
[Name], hereinafter referred to as "Assignor",
whose address is
, does hereby assign and set
over to City of Mission Viejo hereinafter referred to as Assignee, all right, title and interest of
whatever nature, of Assignor, in and to the insured account of Assignor in the
[Bank or Savings & Loan Association] evidenced by a time
certificate of deposit in the amount of $
, which is delivered to the Assignee
herewith. Assignor agrees that this assignment carries with it the right in the insurance of the
account by the
[Appropriate Federal
Insurance Agency] and includes and gives the right to the Assignee to redeem, collect, and
withdraw the full amount of such account at any time without notice to the Assignor. Assignor
agrees that this assignment is given as security for the following:
Completion of Grading and Improvements at:
[Project Address] (Grading Permit No.