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City attorney flags legal exposure on Ramp purchasing-card agreement; bank refuses contract changes
Summary
During an Oct. 30 workshop the city attorney told the La Vergne Board of Mayor and Aldermen that a proposed purchasing-card program using Celtic Bank contains governing-law and indemnification provisions inconsistent with Tennessee municipal protections, and the bank has declined to change its standard contract terms. The item may be removed from
The La Vergne city attorney told the Board of Mayor and Aldermen on Oct. 30 that a proposed purchasing-card program (Ramp program, via Celtic Bank) contains governing-law and indemnification provisions that raise legal exposure for the city and that the bank is unwilling to amend its standard terms.
Staff explained the program is intended to replace existing credit cards with a more robust, real-time purchasing and documentation system that can attach receipts and…
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