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AG 2012 07 16
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AG 2012 07 16
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Last modified
7/18/2012 3:37:25 PM
Creation date
11/27/2017 11:10:02 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/16/2012
Board
Board of Commissioners
Meeting Type
Regular
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FURTHER RESOLVED, that BB &T be and is hereby authorized to honor, receive, or pay any items bearing the - ignature of any one <br />Authorized Signer even though payment may create an overdraft or even though such items may be drawn or endorsed to the order of such <br />signer for exchange or cashing, or in payment of the individual obligation of such signer, or for deposit to such Authorized Signer's personal <br />account and BB &T shall not be required or be under any obligation to inquire as to the circumstances of the issuance or use of any such item <br />or the application or disposition of such item or the proceeds thereof, and <br />FURTHER RESOLVED, that the Entity assumes full responsibility and holds harmless BB &T for any and all payments made or any <br />other action taken by BB &T in reliance upon the signatures, including facsimiles thereof, of any Authorized Signer regardless whether or not <br />the use of the facsimile signature was unlawful or unauthorized and regardless of by whom or by what means the purported signature or <br />facsimile signature may have been affixed if such signature reasonably resembles the specimen or facsimile signature of the Authorized <br />Signer; and <br />FURTHER RESOLVED, that any Designated Representative, or person authorized in writing by a Designated Representative, is <br />authorized to act on behalf of the Entity as follows: obtain information on accounts; appoint, remove or change Authorized Signers; deliver <br />any night depository agreement; enter into any agreement for cash management services; lease a safe deposit box; enter into an agreement for <br />deposit access device; enter into an agreement for credit cards; or enter into other agreements concerning the deposit accounts at BB &T; and <br />FURTHER RESOLVED, that any and all prior resolutions executed on behalf of the Entity are hereby revoked and that the foregoing <br />resolutions shall remain in full force and effect until the Entity officially notifies BB &T to the contrary in writing. BB &T may conclusively <br />presume that this Resolution and Agreement for Deposit Account and any signature cards executed pursuant hereto are in effect and that <br />persons identified herein are properly authorized to act on behalf of the Entity. The Entity, as changes to the Designated Representatives and/ <br />or Authorized Signers are made, will immediately report and certify such changes to BB &T through submission of a new Resolution and <br />Agreement for Deposit Account and /or signature card, as applicable. BB &T shall be fully protected in relying on such certifications and shall <br />be indemnified and saved harmless from any claims, demands, expenses, losses, or damages resulting from the signature of any Designated <br />Representative so certified, or refusing to honor any signature not so certified; and <br />FURTHER RESOLVED, that all transactions by any officer, employee or agent of the Entity on its behalf and in its name prior to the <br />delivery of this Resolution and Agreement for Deposit Account are hereby ratified and approved. <br />In Witness Whereof, I have hereunto subscribed my name and affixed the seal, if any, of this Entity, <br />this day of , Year <br />For Corporations including Non - Profit: <br />Secretary /Assistant Secretary <br />(Corporate Seal) <br />For All Other Entities: <br />(Seal) <br />(Proprietor, Authorized Partner, Authorized Manager, or other Authorized Person) <br />8010 (iiio) <br />(Seal) <br />(Seal) <br />(Seal) <br />Attachment number 1 <br />F -3 Page 94 <br />
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