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HomeMy Public PortalAboutRES 69/06i I t , v RESOLUTION NOD 6 -69 Corporate Resolutions (DEPOSITORY, BORROWING AND SAFE DEPOSIT) Name of Corporation Town of Gulf Stream Title of Account Same Located at 246 Sea Road, Gulf Stream P.O. Box 255, Delray Beach, Fla, City Gulf Stream State Florida Incorporated under the laws of the State of Florida I, the undersigned, hereby certify that I am the Secretary of the above named Corporation (hereafter called ''this Corporation ") ; that the following is a true copy of resolutions duly adopted by the Board of Directors of this Corporation at a meeting duly held on the day of , 19 at which a quorum was present and voting throughout, and that such resolutions have not been rescinded or modified and are now of full force and effect: "RESOLVED, that the Boynton Beach First National Bank, Boynton Beach, Florida, (hereafter called "Bank ") is hereby designated as a depository of this Corporation and that a checking or deposit account be opened and maintained in the name of this Corporation with said Bank and that all checks, drafts, or other orders for the payment of money from said account shall be signed by the Any two Commissioners (Insert title of officer or officers and specify in what manner — Singly or Jointly) and any one of such officers is authorized to endorse all notes, drafts, checks, bills, certificates of deposit or other instruments payable to or owned or held by this Corporation for deposit in said account or for collec- tion or discount by said Bank; and to accept drafts and other instruments payable at said Bank and to waive protest of any checks, notes, bills or other instruments made, drawn or endorsed by or to the order of this Corporation. "FURTHER RESOLVED that all notes and other evidences of debt of this Corporation to Bank shall be signed by the None (Insert title of officer or officers and specify in what manner — Singly or Jointly) and that such officer or officers are authorized on behalf of this Cornoration to make loans from said Bank from time to time for credit to the account of this Corporation evidencing the obligation of this Corporation to repay such loans by signing notes as authorized herein, and to convey to and hypothecate or pledge with said Bank such property and collateral securities owned or held by this Corporation as may be required by said Bank for such loans. "FURTHER RESOLVED that this Corporation is authorized to rent from the Bank a Safe Deposit Box in their vaults, to be entered according to the policies and regulations of said Bank by the None (Insert title of officer or officers and specify in what manner — Singly or Jointly) SD-1 SOUTHEASTERN "FURTHER RESOLVED that the Bank is hereby directed to accept and pay without further inquiry any note, draft or check against said account bearing the signature or signatures of authorized officers even though drawn or endorsed to the order of any officer signing the same, or tendered by such officer for cashing or in payment of the individual obligation of such officer or for deposit to his personal account, and the Bank shall not be required or be under any obligation to inquire as to the circumstances of the issue or use of any instrument signed in accordance with the foregoing resolution, or the application, or disposition of such instrument or the proceeds therof. "FURTHER RESOLVED that the Secretary shall certify to said Bank the names of the presently duly elected and qualified officers of this Corporation and shall from time to time hereafter as changes in the per- sonnel of said officers are made immediately certify such changes to the Bank and the Bank shall be fully protected in relying on such certifications of the Secretary and shall be idemnified and saved harmless from any claims, demands, expenses, loss or damage resulting from or growing out of honoring the signature of any officer so certified or for refusing to honor any signature not so certified. "FURTHER RESOLVED that the foregoing resolutions shall remain in full force and effect until written notice of their amendment or rescission shall have been received by Bank and that receipt of such notice shall not affect any action taken by Bank prior thereto; and "FURTHER RESOLVED that the Secretary be, and he hereby is authorized and directed to certify to said Bank the foregoing Resolutions and that the provisions thereof are in conformity with the charter and by -laws of this Corporation." I further certify that there is no provision in the Charter or by -laws of this Corporation limiting the power of the Board of Directors to pass the foregoing resolutions and that the same are in conformity with the provisions of said Charter and By -Laws. I further certify that the present officers of this Corporation and the offices respectively held by them are: William F. Koch, Jr. May & Commissioner ice- ayor & Comm. Stewart B. Iglehart)PA0G J. Phil Hoyle Town Clerk & Comm. y John G. Hart MK-,akftftx Commissioner William S. LaPorte Commissioner In WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of this Corpora- tion, this 12th day of September 196 9 &4j / Secretary & Deputy Town Clerk CORPORATE SEAL NOTE: In case the Secretary is authorized to singly sign checks, notes, etc. by tre lution this Certificate must also be signed by a Director other than the Secretary. Director other than Secretary