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Central Bank <br />17267 Yale St NW <br />Elk River MN 55330 <br />CORPORATE AUTHORIZATION RESOLUTION <br />By: Elk River Municipal Utilities <br />13069 Orono Parkway P 0 Box 430 <br />Elk Riverr MN 55330 <br />Referred to in this document as "Financial Institution" <br />Referred to in this document as "Corporation" <br />I, TROY J ADAMS ,certify that I am Secretary (clerk) of the above named corporation organized under the laws of <br />Minnesota ,Federal Employer LD. Number 41-6005125 ,engaged in business under the trade name of <br />ELK RIVER MUNICIPAL UTILITES ,and that the resolutions on this document are a correct copy of the resolutions <br />adopted at a meeting of the Board of Directors of the Corporation duly and properly called and held on 3-8-2011 Idatel. <br />These resolutions appear in the minutes of this meeting and have not been rescinded or modified. <br />AGENTS Any Agent listed below, subject [o any written limitations, is authorized to exercise the powers granted as indicated below: <br />Name and Title or Position Signature Facsimile Signature <br />(if used) <br />A. JOHN J DIETZ COMMISSIONER X <br />B. DARYL THOMPSON COMMISSIONER X <br />C, ALLAN E NADEAU COMMISSIONER X X <br />p, THERESA J SLOMINSKI FINANCE DIRECTOR X X <br />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 Agent signatures required to exercise the power.) <br />Indicate A, B, C, Description of Power Indicate number of <br />D, E, and/or F signatures required <br />/C 111 Exercise all of the powers listed in this resolution. <br />121 Open any deposit or share accountlsl in the name of [he Corporation. <br />~i+~1~/~' 131 Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit <br />with this Financial Institution. <br />141 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 awned or acquired by the Corporation as <br />security for Burns borrowed, 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 far 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 granted under this resolution. <br />EFFECT ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated <br />If not completed, all resolutions remain in effect. <br />CERTIFICATION OF AUTHORITY <br />I further certify that the Board of Directors of the Corporation has, and at the time of adoption of this resolution had, full power and lawful authority to <br />3dopi the resolutions on page 2 and to confer the powers granted above to the persons named who have full power and lawful authority to exercise <br />same. (Apply seal below where appropriate.) <br />If checked, the Corporation is anon-profit corporation. In Witness Whereof, I have subscribed my name to this document and affixed the seal <br />of the Corporation on ~~/ J Oil _ Idatel. <br />Attest by One Other Officer Secretary <br />/page 1 of 2) <br />~~° ©1985, 199] Bankers Systems, Inc., St Cloud, MN Form CA-1 5l1 /2003 <br />