(a) The Director of Finance is hereby authorized to affix his facsimile signature to any and all checks, drafts or other orders for the payment of money drawn or endorsed in the name of the City of Willowick and signed on its behalf.
(b) Bank One of Cleveland, NA, is hereby authorized and directed, as the depository of the City, to honor as genuine and authorize instruments of the City, any and all checks, drafts or other orders for the payment of money drawn or endorsed in the name of the City and signed on its behalf with the facsimile signature of the Director of Finance of the City.
(c) The Clerk is hereby authorized and directed to certify to the Bank One of Cleveland, NA, by specimen, the form or forms of facsimile signatures authorized by the City for use of the Director of Finance. The City assumes full responsibility for any and all payments made by the bank in reliance upon the facsimile signature of the Director of Finance and agrees to indemnify and hold harmless the bank against any and all loss, cost, damage or expense suffered or incurred by the bank arising out of the misuse or unlawful or unauthorized use by any person of such facsimile signature.