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HomeMy Public PortalAboutRES 81/07Resolution TOWN OF GULF ,_ .t 81-7 - PAYROLL ACCOUNT Corporate Resolution certify that at a meeting of the €5.. Town Commissioners_ Town of Gulf _Stream F�i 0 4 duly held on _. May 8 _ _ , 19._ 81 , the following resolutions were adopted, that the resolutions have been entered upon the regular minute book of this corporation, are in accordance with the By -Laws, have not been modified or amended, and are now in full force and effect: Resolved: 1. That Barnett Bank of Palm Beach County _. I Ir nrla ( "flank ') i hrreby rlu'dtlnalurl .r , a dolx)silory of this cxrrpuralion subject to the rule,, :.arid regulations set forth In the signature r,,irds of Bank, and any amendments thereto, and that the officers of this corporation or any of them are hereby authorized to open a bank account or accounts with Bank, for and in the name of this corporation, and to deposit with Bank in the account from time to time any and all checks, notes, drafts, bills of exchange, monies, acceptances, orders and other items of any kind. 2. That the Undersign below, any one signature. are hereby authorized to sign (either by actual or facsimile signature) any and all checks, drafts, notes, acceptances, bills of exchange, orders or other instruments for the withdrawal of any and all monies, credits, items and property at any time held by the Bank for account of this corporation. Bank shall be entitled to honor, and shall not be liable to this corporation for the pay- ment of, all instruments bearing the purported facsimile signatures of officers or agents of this corporation authorized in this res- olution, even though the facsimile signatures are actually affixed without authority. 3. That Bank is hereby authorized to pay or cash any instruments payable to or held by this corporation when endorsed as pro- vided herein, and also to receive the same for credit to the account of or in payment from the payee or any other holder (includ- ing any officer of this corporation), without inquiry as to the circumstances of issue or endorsement thereof, or the disposition of the proceeds even if drawn, endorsed or payable to cash, bearer or to the individual order of any signing officer or tendered in . payment of his individual obligation 4. That the Town Commission of this corporation are hereby authorized to borrow money and to obtain credit for this corporation from Bank on such terms as may seem to them advisable, and to make and deliver notes, drafts, acceptances, agreements and any other obligations of this corporation therefor, in form satisfactory to Bank, signed by - Mayor and as security there- for to pledge, wdhdraw. exchange and r•ulslituto any Im potty of IN!; corpomlion with full ,aulhrmty to ondorse orguarantee the same an the name of the corporation, to exocute and deliver all instruments and assignmonts, and to alfix the corporate seal, and also to discount any bills receivable or paper of any kind (negotiable or othorwise) with full authority to endorse same an the name of this corporation. 5. That endorsements on behalf of this corporation upon any and all commercial paper of any kind deposited by or on behalf of this corporation with Bank for credit or for collection or otherwise may be made by any one of the foregoing officers, or by rubber stamp. 6. That all prior authorizations in conflict herewith are hereby revoked except as to acts performed prior to the effective date hereof. 7. That all the foregoing authorizations shall continue in full force and effect until revoked or modified by written notice actually received by Bank, setting forth a resolution to that effect stated to have been adopted by the Board of Directors of this corpora- tion anti signed by the secretary or assistant secretary of this corporation; and Bank is hereby authorized and directed to at all times rely upon the last notice received by it of any resolutions to the foregoing authorities and as to the persons who from time to time are its officers, and their signatures, when such notice is signed by one purporting to be the secretary or assistant sec- retary of this corporation. further certify that the foregoing resolutions are fully in accord with and pursuant to the By -Laws of this corporation. further certify that the following persons, whose genuine signatures appear below, are officers of this corporation in the capacity set opposite their respective signatures, to -wit: Name wu Town Mgr. Willi am_E. Gwynn TtyQyDQ( ir361Fr1 Commissioner, Joel Hunter Mayor, William F. Koch, Jr Q(XAC NI Vice Mayor, Joan S. LaPorte Commissioner, Robert J. Dixson Commissioner, Alan I. Armour Official Signature In witness whereof, I have hereunto subscribed my name and affixed the gorporate seal, this May - -- -- 1981 Ma ory , L Town Clerk In-( r 8th Seal of Corporation day of 32. 008729 Rev Mar 78