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CORPORATE RESOLUTION CERTIFICATION
<br />Elk River Municipal Utilities
<br />AQUUNi NUMBER ~ ~ ' ~
<br />- i _
<br />HEREBY CERTIFY that a meeting, drily called, of the Board of Directors of The Elk River Municipal Utilities
<br />a corporation, which said roeefing a yuoram was present and acting throughout, the following preamble and resolution was adopted
<br />and ever since has been and now is in full force a ^d effect.
<br />WHEREAS this Corporation is duly authorized and permitted by its Chartee and I3vlaws to:
<br />(l) Engage m cash and margin transactions in any and all forms of securities indudurg, but not limited to, stocks, options, stock options,
<br />stock index options, Foreign cvnency options and debt instrument options, bond debenmms, notes, scrips, participation certificates,
<br />righ[s to subscribe, warrants, eer hfi~ates of deposit, mortgages, chooses in action, evidences of indebtedness, commercial paper certificates
<br />or indebtedness, and wrtificate~ of interest of any' and ever}' kind and nature whatsoever, secured or unsecured, wheth et represenretl
<br />by trust participating and/or other certificates or otherwrse, and margin transactions, irrehrdurg short sales.
<br />(2) Receive on behalf of the Corporation or deliver to the Corporation or third parties monies, stocks, bonds, and other securities.
<br />To sell, assrgn, and endorse for transfer, rcrtiGca tes representing stocks, bonds, or other securities now registered or hereafter
<br />regrstered in the name of the Gseporarion.
<br />(3l Establish and maintrin an acct management account with debit card, deck writing, and margin privileges, from which account
<br />funds are directly spent, the responsibrlit} for which is entirely that of the Corporation, such that checkwriting and debit card
<br />privileges will be limited to the following persons designated by the rC,~orporation:
<br />NOW THEREFORE BF IT RESOLVED that this Corporation open an account or accowsts in its name vd Lh J /(Z (]~ _Gy _~lC_~ }r
<br />and that~O~f___~____ president, ~,~21"~r
<br />~~ ~ _ ~rce President,
<br />-- ~~~ ,treasurer, or_ ~lr.f`!~./'Y~ ~~~~~~ or anv one oT them or their successors
<br />in offic may, on behalf o this Corporation or any one of diem acting individually, be and they arc hereby authorized to (1) give orders
<br />m the said account or attounts for [he purchase, sale, or other disposition of stocks, bonds, and other securities, (2) deliver to and receive
<br />from Pershing LLC (Pershing), on behalf of this Corporation monies, stocks, bonds, and other securities, (3) sign acknowledgements of
<br />[he correctness of all statements of'rccounts, and (4) make, execute, and deliver wider the corporate seal any and all written endorsements
<br />a,ad documents necessary or proper to eH~ectuate the authority hereby conferred; the within authorization to each of said officers to
<br />remain in fiIll force and effect anti] written notice of the revocation thereof shall have been received by
<br />fURTNER CERTIFY that the following are the signatures of die officers (or others) authorized by the foregoing resolution to act for
<br />this Corporation:
<br />IN WITNESS WHEREOF, I have hereunto set my hand and affuced the seal of said Corporaton this
<br />r- IAFFIA CURPURAiE SEAL HERE)
<br />~ ----- -da}~ °f--------
<br />SECREEARY
<br />NOTE: This certificate must be executed by an officer other than
<br />one of those authorized to act.
<br />~~1~/~ aBNx kwAAu 6iavp ru_ m,m~g u4m~m~~uso, Brit, slut
<br />~7 Solulians tram The Bonk of Bew Yank Lod~modle of L~~h~oammim~m~uc
<br />CORP
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