Laserfiche WebLink
CORPORATE AUTHORIZATION RESOLUTION <br /> FIRST NATIONAL BANK OF ELK RIVER By: ELK RIVER MUNICIPAL UTILITIES <br /> 729 MAIN STREET 13069 ORONO PARKWAY NW <br /> ELK RIVER, MN 55330 ELK RIVER MN 55330-5600 <br /> Referred to in this document as "Financial Institution" Referred to in this document as "Corporation" <br /> 1, BRYAN ADAMS , certify that I am Secretary(clerk) of the above named corporation organized under the laws of <br /> MINNESOTA , Federal Employer I.D. Number 41-6005125 , engaged in business under the trade name of <br /> ELK RIVER MUNICIPAL UTILITIES , 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 02/20/07 )date). <br /> These resolutions appear in the minutes of this meeting and have not been rescinded or modified. <br /> AGENTS Any Agent listed below, subject to 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. JEROME TAKLE X X <br /> B. JAMES TRALLE X X <br /> C. JERRY GUMPHREY X X <br /> D. BRYAN ADAMS X X <br /> E THERESA SLOMINSKI X X <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 Agent signatures required to exercise the power.) <br /> cate A, B, C, Description of Power Indicate number of <br /> c � <br /> and/or F signatures required <br /> A C.. (1) Exercise all of the powers listed in this resolution. 2- <br /> (2) Open any deposit or share account(s) in the name of the Corporation. <br /> ,t 131 Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit <br /> with this Financial Institution <br /> 14) Borrow money on behalf and in the name of the Corporation, sign, execute and deliver promissory notes <br /> or other evidences of indebtedness. <br /> 15) 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 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 /> 16) Enter into a written lease for the purpose of renting, maintaining, accessing and terminating a Safe <br /> Deposit Box in this Financial Institution <br /> 17) Other <br /> • <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 . If not completed, all resolutions remain in effect. <br /> r-RTIFICATION OF AUTHORITY <br /> -ther 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 /> .pt 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 /> the same.(Apply seal below where appropriate.) <br /> ❑If checked, the Corporation is a non-profit corporation. In Witness Whereof, I have subscribed my name to this document and affixed the seal <br /> of the Corporation on (date). <br /> Attest by One Other Officer Secretary <br /> (page 1 0l 2) <br /> 0 7985,19978ankers Systems,Inc.St Cloud,MN Foam CA 1 5/1/2003 <br />