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<br />August 21, 2006 (Regular Meeting) <br /> <br />Page 70 <br /> <br />terminating a Safe Deposit Box in this <br />Financial Institution. <br />(7 ) Other: <br /> <br />LIMITATIONS ON POWERS: The following are the Corporation's <br />limitations on the powers granted under this resolution. <br /> <br />express <br /> <br />EFFECT ON PREVIOUS RESOLUTIONS: This resolution supersedes resolution dated <br />prior to 12/31/2005. If not completed, all resolutions remain in effect. <br /> <br />CERTIFICATION OF AUTHORITY: <br />I further certify that the Board of Directors of the Corporation has, and at <br />the time of adoption of this resolution had, full power and lawful authority <br />to adopt the resolutions on page 2 and to confer the powers granted above to <br />the persons named who have full power and lawful authority to exercise the <br />same (Apply seal below where appropriate.) <br /> <br />If checked, the Corporation is a non-profit corporation. <br /> <br />In Witness Whereof, I have subscribed my name to this document and affixed <br />the seal of the Corporation on August 21, 2006. <br /> <br />Kay Honeycutt <br />/s/ Kay Honeycutt <br />Attest by One Other Officer <br /> <br />Frankie F. Bonds <br />/s/ Frankie F. Bonds <br />Secretary/Clerk to the Board <br /> <br />RESOLUTIONS <br /> <br />The Corporation named on this resolution resolves that, <br /> <br />(1) The Financial Institution is designated as a depository for the funds of <br />the Corporation and to provide other financial accommodations indicated <br />in this resolution. <br />(2) This resolution shall continue to have effect until express written <br />notice of its rescission or modification has been received and recorded <br />by the Financial Institution. Any and all prior resolutions adopted by <br />the Board of Directors of the Corporation and certified to the Financial <br />Institution as governing the operation of this corporation's account(s), <br />are in full force and effect, until the Financial Institution receives <br />and acknowledges an express written notice of its revocation, <br />modification or replacement. Any revocation, modification or replacement <br />of a resolution must be accompanied by documentation, satisfactory to the <br />Financial Institution, establishing the authority for the changes. <br />(3) The signature of an Agent on this resolution is conclusive evidence of <br />their authority to act on behalf of the Corporation. Any Agent, so long <br />as they act in a representative capacity as an Agent of the Corporation, <br />is authorized to make any and all other contracts, agreements, <br />stipulations and orders which they may deem advisable for the effective <br />exercise of the powers indicated on page one, from time to time with the <br />Financial Institution, subject to any restrictions on this resolution or <br />otherwise agreed to in writing. <br />(4) All transactions, if any, with respect to any deposits, withdrawals, <br />rediscounts and borrowings by or on behalf of the Corporation with the <br />Financial Institution prior to the adoption of this resolution are hereby <br />ratified, approved and confirmed. <br />(5) The Corporation agrees to the terms and conditions of any account <br />agreement, properly opened by any Agent of the Corporation. The <br />Corporation authorizes the Financial Institution, at any time, to charge <br />the Corporation for all checks, drafts, or other orders, for the payment <br />of money, that are drawn on the Financial Institution, so long as they <br />contain the required number of signatures for this purpose. <br />(6) The Corporation acknowledges and agrees that the Financial Institution <br />may furnish as its discretion automated access devices to Agents of the <br />Corporation to facilitate those powers authorized by this resolution or <br />other resolutions in effect at the time of issuance. The term "automated <br />access device" includes, but is not limited to, credit cards, automated <br />teller machines (ATM) , and debit cards. <br />(7) The Corporation acknowledges and agrees that the Financial Institution <br />may rely on al ternati ve signature and verification codes issued to or <br />obtained from the Agent named on this resolution. The Term "alternative <br />signature and verification codes" includes, but is not limited to, <br />facsimile signatures on file with the Financial Institution, personal <br />identification numbers (PIN), and digital signatures. If a facsimile <br />signatures specimen has been provided on this resolution, (or that are <br />filed separately by the Corporation with the Financial Institution from <br />time to time) the Financial Institution is authorized to treat the <br />