AG 2004 05 17 - Laserfiche WebLink

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Bank of America. ~u~or n~mc~. Nx crm~-~ Certified Copy of Unincorporated Association Resolutions Openin~ and Maintainin~ Deposit Accounts and Services Name of Unmcorpomted Association County of Cabarrus I, thc undersigned, hereby certify to BANK OF AMERICA that I am the ~a~y~-~n~ry and the designated keeper of the records and minutes of County of Cabarrus an unincorporated association whose principal address is in the State of N O r th C a r o 1 i n a (thc "Association"); that I have full authority to manage, represent, sign for and bind the Association, that the following is a true copy of resolutions duly adopted by the guvemmg body of said Association at a meeting duly held on the 1 7 day of May , at winch a quorum was present and acted throughout or adopted by the unammous written consent of the governing body; and that such resolutions are in full force and effect and have not been amended or rescmded. I. Resolved, that Bank of America (the "Bank") ~s hercby designated as a depesatory of the Association and that deposit accounts and/or time deposits (CDs) be opened and maintained in the name of tins Assocmtion with the Bank in accordance with the terms of the Bank's Deposit Agreement and Disclosures and the applicable roles and regulations for such accounts; that any one of the following Authorized P. epresentat~ves of this Association: Pamela S. Dubois Deputy Co. Mqr./Finance Director Name Title Robert M. Freeman Chairman, Board of Commissioners Name Title Name Title Name Title ~s hereby authorized, on behalf of this Assoctation and in its name, to execute and to sign any application, deposit agreement, signature card and any other documentation required by thc Bank to open smd accounts; to sign checks, drafts, notes, bills of exchange, acceptances, t~me deposits (CDs) or other orders for payment of money; to endorse checks, drafts, notes, bills, time deposits (CDs) or other instruments owned or held by this Associatton for deposit with Bank or for collection or discount by thc Bank; to accept drafts, acceptances, and other instruments payable at thc Bank; to place orders with thc Bank for the purchase and sale of foreign curreuc~es on behalf of this Association; to execute and deliver an electronic fund transfers agreement and to make transfers or w~thdrawals by electromc transfer on behalf of the Association; to obtain an access device (including but not lunited to a card, code, or other means of access to the Association's accounts) that may be used for thc purpose of imtiating electronic fund transfers [Association agrees and acknowledges that neither the Electromc Funds Transfer Act (15 U S.C. 1693 et seq) nor Regulation E (12 C.F.R. Part 205) are applicable to any such access device]; to establish and maintain a night deposit relationship; to execute and deliver a w~re transfer agreement and to request, or to appoint or delegate from tune to time such persons who may request, wu'es of funds; to enter rote any agreements with thc Bank for thc provision by the Bank of various Treasury Management services to this Association as such Authorized Representative may determine, m [ns or her sole discretion, and to s~gn any and all documents and take all actions required by Bank relative to such Treasury Management services or the performance of thc Association's obligations thereunder, and that any such Treasur~ Management agreement(s) shall remain m full force and effect untd written notice to terminate g~ven in accordance with the terms of any such agreement shall have bean received by thc Bank and that such tcnmnatton shall not affect any aetxon taken by the Bank prior to such termination; to rent or lease a safe deposit box from thc Bank, to execute the rantal agreement or lease, to enter thc safe depostt box and to terminate the rental agreement or lease; to take whatever other actions or enter rote whatever other agreements relating to the accounts or investment of funds in such accounts with the Bank and to execute, amend, supplement and dehver to Bank such agreements on behalf of the Association upon such terms and conditions as such Authorized Representative may deem appropriate and to appoint and delegate, from time to time, such person(s) who may be authorized to enter rote such agreements and take any other actions pursuant to such agreements m counect~on with said accounts that the Authorized Representative deems necessary; and to wmve presentment, demand, protest, and notice of protest or dishonor of any check, note, bdl, draft, or other instrument made, drawn or endorsed by this Associatton; and 2. Further Resolved, that the Bank be and ~s hereby authorized to honor, receive, certtfy, pay or exchange for money orders or other instruments all instruments signed in accordance with the foregoing resolutions even though such payment may create an overdratt or even though such instruments may be drawn or endowed to the order of any Authorized Representative signing the same or tendered by such Authorized Representative or a thud party for exchange or cashing, or m payment of the ind~vidual obligation of such Authortzed Representative, or for deposit to such Authorized Representative's personal account and Bank shall not be required or be under any obligation to mquue as to the circmnstances of the issuance or use of any instrument signed in accordance with the foregoing resolutions or the application or d~sposmon of such insttument or the proceeds thereof; and, further, that the Bank is authorized to honor any instructions regarding withdrawals, orders for payment or transfer of funds whether oral, by telephone or electronic means if such withdrawal, orders or transfer are untlat~d by an Authorized Representative; and 3 Further Resolved, that thc Bank be and is hereby requested, authorized and directed to honor and to treat as authorized, checks, drafts or other orders for the payment of money chawn or purportedly drawn in this Assoc~atlun's name, including those payable to thc mdiwdual order of any person whose name appears thereon as signer thereof, when bearing or purporting to bear thc facsimile signature of an Authorized Representative authorized in the foregoing resolutions and Bank shall be entitled to honor, to treat as authorized, and to charge this Association for such checks, draft.s, or other orders regardless of by whom or by what means thc actual or purported facsimile signature thereon may have been affixed thereto, tf such signature resembles the facsmulc specimen duly certified to or filed with the Bank by thc Secretary or Assistant Secretary or other officer or an Authorized Representative of this Association or ff such facsmnlc signature resembles any facsimile signature previously affixed to any check, draR, or other order drawn m the Associatton's name, which check, draft, or other order was accepted and paid w~thout timely objection by thc Association, thereby ratifying the use of such facsimile signature; and thc Association hcreby indemnifies and holds thc Bank harmless against any and all loss, cost, damage or expense suffered or incurred by thc Bank arising out of or in any way related to the misuse or unlawful or unauthorized use by a person of such facsmule signature; and 00-14-9011MW 06-1999 Page 1 of 2