|
17, 2004 Pa~e 444
<br />
<br />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 A~sociation'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 />
<br />Further Resolved, that endorsements for deposit may be evidenced by the
<br />name of the Association being written or stamped on the check or other
<br />instrument deposited, without designation of the party making the
<br />endorsement, and Bank is authorized to supply an endorsement on any
<br />instrument tendered for deposit or collection; and
<br />
<br />5 o
<br />
<br />Further Resolved, that the Clerk to the Board or other duly authorized
<br />officer of this Association shall certify to the Bank names and
<br />signatures of persons authorized to act on behalf of this Association
<br />under the foregoing resolutions and shall from time to time hereafter,
<br />as changes in the identity of said Authorized Representatives are made,
<br />immediately report, furnish and certify such changes to Bank and shall
<br />submit to Bank a new account signature card reflecting such change in
<br />order to make such changes effective and Bank shall be fully protected
<br />in relying on such certifications and shall be indemnified and saved
<br />harmless from any claims, demands, expenses, losses or damages
<br />resulting from, or growing out of, honoring the signature of any
<br />Authorized Representative so certified, or refusing to honor any
<br />signature not so certified; and
<br />
<br />Further Resolved, that the foregoing resolutions shall remain in full
<br />force and effect and the authority herein given to all of said persons
<br />shall remain irrevocable as far as Bank is concerned until three (3)
<br />business days after Bank is notified in writing of the revocation of
<br />such authority and that receipt of such notice shall not affect any
<br />action taken by the Bank prior thereto; and
<br />
<br />Further Resolved, that all transactions by any Authorized
<br />Representative, officer or employee of this Association on its behalf
<br />and in its name with Bank prior to the delivery to Bank of a certified
<br />copy of the foregoing resolutions are, in all respects, hereby
<br />ratified, confirmed, approved and adopted; and
<br />
<br />8 0
<br />
<br />Further Resolved, that the Clerk to the Board be and hereby is,
<br />authorized and directed to certify these resolutions to Bank and that
<br />the provisions hereof are in conformity with the Articles of
<br />Association Charter, Rules and Bylaws of this Association.
<br />
<br />In Witness Thereof, and intending to bind the Association, I have hereunto
<br />subscribed my name, as the Clerk to the Board of Commissioners, this 17tn day
<br />of May 2004.
<br />
<br />/s/ Frankie F. Bonds
<br />
<br />Frankie F. Bonds, Clerk to the Board
<br />
<br />Approved List of Banks and Brokers for Investment Purposes as authorized by
<br />General Statute 159-31: UBS Painewebber; Wachovia; Central Carolina Bank;
<br />First Citizens Bank; First Charter Bank; Farmers and Merchants; Southtrust
<br />Bank; Cabarrus Bank and Trust; Bank of America; Morgan Keegan; Vining Sparks;
<br />C2 Investment Group; Zion Bank; and Legg Mason Capital Markets.
<br />
<br />(F-5) Finance Budget Amendment (Sales Tax Audit Fee)
<br />
<br />
<br />
|