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CORPORATE AUTHORIZATION RESOLUTION
<br />FIRST NATIONAL BANK OF ELK RIVER gy~,ELK RIVER MUNICIPAL UTILITIES
<br />812 MAIN STREET
<br />ELK RIVER, MN 55330 13069 ORONO PARKWAY NW
<br />PO BOX 430
<br />ELK RIVER MN 55330-0430
<br />Referred to in this document as "Financial Institution"V'G~ Referred to in this document as "Corporation"
<br />~~~~a,..
<br />I, TROY ADAMS , certify that I am Secretary (clerk) of the above named corporation organized under the laws oS
<br />MINNESOTA ,Federal Emp,IDyy el' 41-6005125 ,engaged in business under the trade name of
<br />ELK RIVER MUNICIPAL UTILITIES __ d that the resolutions on this document are a correct copy of the resolutions
<br />03/08/11 Idatel.
<br />adopted at a meeting of the Board of Directors of the Corpora du;y an operly called and held on
<br />These resolutions appear in the minutes of this meeting and have. ~?: be .rescinded or modified.
<br />AGENTS Any Agent listed below, subject to any written limitations, ~. authorized to exercise the powers granted as indicated below:
<br />Name and Title or Position ~ ~~ ~ ~ ~ Signature
<br />q JOHN J DIETZ X X -
<br />B DARYL A THOMPSON X _-
<br />//X
<br />C THERESA SLOMINSKI FINANCE DIRECTOR X ~„-a~ ''
<br />-- ~~
<br />~ LV-G~!
<br />
<br />D ALLAN E NADEAU X X -
<br />
<br />E X X _
<br />Facsimile Signature
<br />lif used)
<br />F. X X
<br />POWERS GRANTED (Attach one or more Agents to each power by placing the letter corresponding to their name in the area before each power
<br />Following each power indicate the number of Ageni signatures required to exercise the power.)
<br />Indicate A, B, C, Description of Power
<br />r ~, andicr F
<br />3, D 111 Exercise all of the powers listed in this resolution.
<br />121 Open any deposit or share ac countls) in the name of the Corporation.
<br />A, B, C, D I31 Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit
<br />with this Financial Institution.
<br />(41 Borrow money on behalf and in the name of the Corporation, sign, execute and deliver promissory notes
<br />or other evidences of indebtedness.
<br />151 Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks,
<br />bonds, real estate or other property now owned or hereafter owned or acquired by the Corporation as
<br />security for sums borro•.ved, and to discount the same, unconditionally guarantee payment of all bills
<br />received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and
<br />notice of non-payment.
<br />161 Enter into a written lease for the purpose of renting, maintaining, accessing and terminating a Safe
<br />Deposit Box in this Financial Institution.
<br />171 Other
<br />LIMITATIONS ON POWERS The following are the Corporation's express limitations on the powers grant ~-~.,. anon.
<br />Indicate number of
<br />signatures required
<br />2
<br />2
<br />EFFECT ON PREVIOUS RESOL' jr~solVtiore supersedes resolution dated 03/10/09 . If rot a%.resolutions remain in effect.
<br />CERTIFICATION OF AUTHORIT: ~i • . .
<br />1 further certify that the Board of , -rs o Pion. has, and at the time of adoption of this resolu , ~. `~.:_'. ,fl•power and lawful authority to
<br />nt the resolutions on page 2 anc o co i r. ;~~_.r [s, granted above to the persons named who have tut ;- ~ rand lawful authority to exercise
<br />;ame. (APPIy seal below where aPPr00,rla ~.i ' '.'. ~•' ~.'•'.`
<br />L~If checked, the Corporation is a non-ptofit co >o ra Cs: °, to Witness WhereoL I have subscribed my•narne• tMs•document and affixed the seal
<br />.. ,', ', •• •, . of the Corporation on c3~2-a~~ Idatel.
<br />•. •.' Attest by One Other Officer Secretary
<br />lPa9e 1 0/ 21
<br />F p 1985. 199) Bankers Systems, Inc., SL Cloud MN form CA-1 5(12003 f '
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