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RESOLUTION 1979-43
<br />GOVERNMENT
<br />000040 AUTHORIZATION RESOLUTION
<br />I, Carol A. Williams , do hereby certify that I am Secretary of
<br />City of Hugo
<br />, Federal Employer I.D. Number 41-0954838 , a corporation organized under
<br />laws of the State ofMinnesota , and that the following is a true, complete and corr
<br />copy of resolutions adopted at a meeting of ther r �f said Corporation duly and properly called and held on the
<br />20th. day of Februa , 19 79 ; that a quorum was present at said meeting; that said
<br />resolutions are set forth in the minutes of said meeting and have not been rescinded or modified.
<br />RESOLVED, that two
<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 endorsed, 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 any two _ of the following:
<br />(Insert One or Two)
<br />Marvin LaValle, Mayor
<br />Carni A- W111—tang, Cil k. , reas .
<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 />drawal orders, so signed, including those payable to the individual order of the person signing the same and including also checks 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 any tW0 of the following:
<br />(Insert One or Two)
<br />he and hereby are authorized to borrow money for and on behalf of and in the name of this corporation; to make any agreements
<br />respect thereto; and to sign, execute and deliver promissory notes, acceptances or other evidences of indebtedness therefor, or
<br />.enewal thereof, in such amounts and for such time, at such rate of interest and upon such terms as they see fit; and are here
<br />authorized to endorse, assign, transfer, mortgage, or pledge to said Bank the bills receivable, warehouse receipts, bills of lading,
<br />stocks, bonds, real estate or other property now or hereafter owned by this corporation as security for the payment of any money
<br />so borrowed; to assign or negotiate to the Bank 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 discounted, 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 has been furnished to and received by said Bank.
<br />RESOLVED FURTHER, that all transactions, if any, in respect to any deposits, withdrawals, rediscounts and borrowings by
<br />or in behalf of this corporation with said Bank prior to the adoption of this resolution be and the same hereby are in all things
<br />ratified, approved and confirmed.
<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 contracts, 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 Bank, moneys borrowed from
<br />said Bank or any other business transacted by and between this corporation and said Bank.
<br />RESOLVED FURTHER, that any and all resolutions 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 it, be and are hereby continued in full force
<br />and effect, except as the same may be supplemented or modified by the foregoing.
<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 resolutions and to confer the powers therein granted to the persons named who
<br />have full power and lawful authority to exercise the same.
<br />In Witness Whereof, I have hereunto subscribed my name and affixed the seal of this corporation
<br />this 20 day of February -,1929—
<br />IMPRINT 1929—
<br />IMPRINT
<br />SEAL
<br />HERE
<br />Attest by One Other Officer
<br />Acting Mayor
<br />rt
<br />141
<br />Clerk—Treasurer
<br />NOTICE: Prepare this form in duplicate — Forward the original copy to the Bank and retain the duplicate copy for your
<br />files. Also, complete all other forms furnished by the Bank (such as signature card, lease forms, etc.) and forward
<br />them to the Bank immediately, as they are absolutely necessary to carry out the directives of this authorization.
<br />ANKERS SYSTEMS, INC., ST. CLOUD, MINN. 56301 FORM CA -1
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