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CORPORATE RESOLUTION CERTIFICATION
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<br />AaouNTnnE: EIk Riverl Municip/~al Ut1ilitiQes / '$l ~.~/~~ p ,X/'7 r
<br />AC(DIINi NUMBER /2...I~1~ ../~OI / ~~`PJl /'~ ~ ~7 C~l~ ~/I~Q..~/'
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<br />I HEREBY CERTIFY that a meeting, duly called, of the Board of Directors of the Elk River Municipal Utilities
<br />a corporaxion, which said meeting a quorum was pcesent and acting throughout, the following preunble and resolution was adopted
<br />and ever since has been and now is in fiill force and effect.
<br />WHEREAS thi_c corporaxion is duly authorized :rod permitted by its Charter and Bylaws ro:
<br />(1) Engage in cash and margin transactions in any and all forms of secm~ities includurg, but not limited to, stocks, options, stock options,
<br />stuck index options, foreign currenty options and debt imsrnuncnt options, bond debentures, notes, scrips, participation certificates,
<br />rights ro subsaibe, warrants, certificates of deposit, motxgages, chooses in action, evidences of indebtedness, commercial paper certificates
<br />or indebtedness, and wrtificates of interest of any and every kind and nature whatsoever, secured or unsecured, whether represented
<br />by trust, pazticipating aml/or other certificates nr oxherwise, and margin transactions, including short sales.
<br />(2) Receive on behalf of the Corporation or deliver to the Corporation or third parties mouies, stocks, bonds, and other securities.
<br />To sell, assign, and endorse for transfer, certificates represemxing stocks, bonds, or other securities now registered or hereafter
<br />registered i.n the name of the Corporation.
<br />(3) Establish and maintain an asset management account with debit card, check writing, and margin privileges, from which accomrt
<br />fiords are directly spenx, the responsibility 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 Corporation:
<br />Joel-~ ~i 2,fZ _~ ~Gt~ovv~~S-o ~
<br />NOW THEREFORE BE IT RESOLVED that this Corporation open an account or accounts in its name with. [ /tom U~ ~~~~k ~t ~'~
<br />and that ,President, ,Vice President,
<br />"T3^HS9'4F.
<br />____ _ T--~-~ ---, or _~~5'larn+.YL~~ ur any one of them or their successors'
<br />in office, may, nn behalf of this Corporation or any one of them acting individually, be and they are hereby authorized to (1) give orders
<br />in the said account or accounxs for the purchase, sale, or other disposition of stocks, bonds, and other securities, (2) deliver to urd receive
<br />from Pershing LLC (Pershing), on behalf of this Corporation monies, stocks, bonds, acrd other securities, (3) sign acknowledgements of
<br />the corcecmess of all statements of accounts, and (4) make, execute, and deliver under the corporate seal any and all written endorsements
<br />and documents necessary or proper m effectuate the authority hereby conferred; the within authoriution to each of said officers to
<br />remain in lull force and effect until written notice of the revocation thereof shall have been received by
<br />~, ~ ~ X
<br />I fURTHFR (ER11FY that the following are the signatures of the officers (or others) authorised 6y the foregoing resolrtion to act for
<br />S~~ this Corporation c5(
<br />S~ IId WITNESS WHFREOi, I have hereunto set my hand and affixed the seal of saidCo~rp~ora/tion this~/~
<br />(AFFl%CORPORAiE SEAL HEREI day of ~(~ ALL-~"L~
<br />SECRETARY: `~ 5 E` <<
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<br />NOTE: Thrs certificate must be executed by an officer Daher than
<br />one of those authorized m act. ~ ~~~ `~
<br />CORP
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