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CORPORATE AUTHORIZATION RESOLUTION
<br /> |. __11.__C"_|MiJJuYxh_-_- - --_ - _ ___ . dn hereby certify that | am Secretary nf
<br /> __ _ CitI.n[ Elk River
<br /> ' Federal Employer iD. Number 41-6005124 ' aoo,nn,miono�onbod under�ho
<br /> ��N� |u�,ofV,eSm�of Minnesota , and that the following is a true,complete and correct
<br /> copy of resolutions adopted at a meeting of the Board of Directors of said Corporation duly and properly called and held on the
<br /> 5th day of January , 1981, ; that a quorum was present at said meeting;that said
<br /> resolutions are set forth in the minutes of said meeting arid have not been roscnided or modified.
<br /> RESOLVED, that Bank of Elk 8iver___________________________.__________ __
<br /> hereinafter sometimes called the Bank be and it hereby is designated as a depository for the funds of this corporation and any
<br /> officer of this corporation is hereby authorized to open or cause to be opened an account or accounts with said Bank on such
<br /> terms, conditions and agreements as shall be required by said Bank, to endorse or cause to be,ndo,md, in the name of this corpora-
<br /> tion and to cash, to negotiate or to deposit or cause to be deposited in such account or accounts any money,checks, drafts,orders,
<br /> notes and other instruments for the payment of money and to make any other agreements deemed advisable in regard thereto.
<br /> RESOLVED FURTHER, that checks, drafts or other withdrawal orders issued against the funds of this corporation on
<br /> deposit with said Bank may be signed by X1X two of the following:
<br /> (Insert One",Two)
<br /> Richard Hinkle o Larry Toth ---- --
<br /> R.C. Middaugh or Phyllis Boedigheimer
<br /> ___-- � � uG� »Y�v� _�_----____-____--_
<br /> and said Bank is hereby fully authorized to pay and charge to the account of this corporation any checks, drafts or other with-
<br /> d/awa| o,dc,s, so signed, including those payable to the individual order of the person signing the same and including also chocks or
<br /> other withdrawal orders payable to the said Bank or to any other person or corporation, which are applied in payment of any in-
<br /> debtedness owing to said Bank from the person or persons who signed such checks or other withdrawal orders.
<br /> RESOLVED FURTHER, that XW two of the following:
<br /> (Insert One ", Two)
<br /> Richard Hinkle r Larry Toth
<br /> �__-» Y �c
<br /> � r`_- -� __ _ � _���----�---- --
<br /> D.C~ Middaugh or Phyllis Boedigheimer
<br /> be and hereby are aomv,i/,U to borrow money for and on behalf of and in the name of this corporation;to make any agreements
<br /> in r,,/ e,t thereto; and to uyn, execute oo.1 '|,|iv,, promissory notes, acceptances o,other evidences of indebtedness therefor, or in
<br /> renewal thereof, in such amounts and ,v/ such time, at such rate of interest and upon such terms as they see fb; and are hereby
<br /> authorized to endorse, ao.on, oou,f,., mor»yagp, or Wedge to said Bank the bills receivable, warehouse receipts, bills of lading,
<br /> stocks, bonds, real estate or other property ^ww or hcmafter owned by this corporation as security for the payment of any money
<br /> so borrowed; to assign or negotiate to the Uc^k any bills receivable now or hereafter owned by this corporation, and to discount
<br /> the same; to unconditionally guarantee payment of any or all bills receivable so negotiated or discounfed, and to waive demand,
<br /> protest and notice of non-payment.
<br /> RESOLVED FURTHER, that this resolution shall continue in force until express written notice of its rescission or modifica-
<br /> tion kv`bocn furnished to and received by said Bank,
<br /> RESOLVED FURTHER. that u| xvx,oico. "' if any, in respect u`any deposits, withdrawals, rediscounts and borrowings by
<br /> or in behalf of this corporation with raid Bank prior to the adoption of this resolution be and the same hereby are in all things
<br /> ratified, approved vndcvnfi,mu|.
<br /> RESOLVED FURTHER, that any of the persons above-named be and they hereby are authorized and empowered to make
<br /> any and all other ,on ,^cu, agreements, stipulations and orders which they may deem advisable, from time to time,with said Bank
<br /> in respect to transaction between this corporation and said Bank in regard to funds deposited in said Bunk' moneys borrowed from
<br /> said Bank or any other business ovn,ac."] by and between this corporation and said Bank.
<br /> RESOLVED FURTHER' that any and all o,Wvtloo` heretofore adopted by the Board of Directors of this corporation and
<br /> certified to said Bank as governing the operation of this corporation's account(s) with i/, be and are hereby continued in full force
<br /> and effect, except as the same may he supplemented or modified by the foregoing.
<br /> ° ° ° ° ^ ` ° ° °
<br /> I further certify that the Board of Directors of this corporation has, and at the time of adoption of said resolution had, full
<br /> power and lawful authority to adopt the foregoing nu,|udonr, and to confer the powers therein granted to the persons named who
<br /> have full power and lawful authority to exercise the same.
<br /> •
<br /> In Witness Whereof, I have hereunto subscribed my name and affixed the seal of this corporation
<br /> this 5th day of J _' 19 80
<br /> �
<br /> IMPRINT
<br /> �
<br /> • SEAL • _______
<br /> HERE —�-- ^""'t by One Other Officer - -� ------ Secreta,,
<br /> • .
<br /> ...........
<br /> m NOTICE: Prepare this form in duplicate Forward the the Bank and retain the duplicate for your
<br /> files. Also, nnmp|�r�lother forms furnished by the Bank (such asmgn*umcmm' /ooeforms,oo�) nd forw
<br /> them to the Bank immediately, as they a', absolutely necessary to carry out the directives of this authorization.
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<br /> ' aiwwsos SYSTEMS, .wc.. ST. CLOUD, MINN. ,^,^/ FORM ,a /
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