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AG 2011 07 18
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AG 2011 07 18
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Last modified
7/19/2011 2:20:33 PM
Creation date
11/27/2017 11:16:10 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/18/2011
Board
Board of Commissioners
Meeting Type
Regular
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with the terms of any such agreement shall have been received by the <br />Bank and that such termination shall not affect any action taken by the <br />Bank prior to such termination; to rent or lease a safe deposit box <br />from the Bank, to execute the rental agreement or lease, to enter the <br />safe deposit box and to terminate the rental agreement or lease; to <br />take whatever other actions or enter into whatever other agreements <br />relating to the accounts or investment of funds in such accounts with <br />the Bank and to execute, amend, supplement and deliver to Bank such <br />agreements on behalf of the Association upon such terms and conditions <br />as such Authorized Representative may deem appropriate and to appoint <br />and delegate, from time to time, such person(s) who may be authorized <br />to enter into such agreements and take any other actions pursuant to <br />such agreements in connection with said accounts that the Authorized <br />Representative deems necessary; and to waive presentment, demand, and <br />notice of protest or dishonor of any check, note, bill, draft, or other <br />instrument made, drawn or endorsed by this Association; and <br />2. Further Resolved, that the Bank be and is hereby authorized to honor, <br />receive, certify, pay or exchange for money orders or other instruments <br />all instruments signed in accordance with the foregoing resolutions <br />even though such payment may create an overdraft or even though such <br />instruments may be drawn or endorsed to the order of any Authorized <br />Representative signing the same or tendered by such Authorized <br />Representative or a third party for exchange or cashing, or in payment <br />of the individual obligation of such Authorized Representative, or for <br />deposit to such Authorized Representative's personal account and Bank <br />shall not be required or be under any obligation to inquire as to the <br />circumstances of the issuance or use of any instrument signed in <br />accordance with the foregoing resolutions or the application or <br />disposition of such instrument or the proceeds thereof; and, further, <br />that the Bank is authorized to honor any instructions regarding <br />withdrawals, orders for payment or transfer of funds whether oral, by <br />telephone or electronic means if such withdrawal, orders or transfer <br />are initiated by an Authorized Representative; and <br />3. Further Resolved, that the Bank be and is hereby requested, authorized <br />and directed to honor and to treat as authorized, checks, drafts or <br />other orders for the payment of money drawn or purportedly drawn in <br />this Association's name, including those payable to the individual <br />order of any person whose name appears thereon as signer thereof, when <br />bearing or purporting to bear the facsimile signature of an Authorized <br />Representative authorized in the foregoing resolutions and Bank shall <br />be entitled to honor, to treat as authorized, and to charge this <br />Association for such checks, drafts, or other orders regardless of by <br />whom or by what means the actual or purported facsimile signature <br />thereon may have been affixed thereto, if such signature resembles the <br />facsimile specimen duly certified to or filed with the Bank by the <br />Secretary or Assistant Secretary or other officer or an Authorized <br />Representative of this Association or if such facsimile signature <br />resembles any facsimile signature previously affixed to any check, <br />draft, or other drawn in the Association's name, which check, draft, or <br />other order was accepted and paid without timely objection by the <br />Association, thereby ratifying the use of such facsimile signature; and <br />the Association hereby indemnifies and holds the Bank harmless against <br />any and all lost, cost:, damage, or expense suffered or incurred by the <br />Bank arising out of or in any way related to the misuse or unlawful or <br />unauthorized use by a person of such facsimile signature; and <br />N <br />Attachment number 1 <br />F -4 Page 87 <br />
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