|
Bank, Martinsville, Virginia, ;~that I am the Clerk of Council of the
<br />City of Martinsville, Virgfh~a,ia~mu~iciPal corporation duly orga-
<br />nizedl. and existing under the laws ofthe Commonwealth of Virginia;
<br />thatlthe following is a true copy of a resolution duly adopted by
<br />the Council of said Corporation at a meeting duly held on the 22nd
<br />day of October, 1991, at which a quorum was present; and'a~.ted
<br />=throughout, and that such resolution is in full force and effect
<br />and has not been amended or rescinded.
<br /> 1. RESOLVED, that Patrick Henry National Bank, Martinsville,
<br />Virginia, herein referred to as Bank, is hereby designated as a
<br />depository of this COrporation and that a checking account be
<br />opened and maintained 'in the name of this Corporation with said
<br />Bank; that any two (2)° of the following officers or employees of
<br />this Corporation:
<br /> Bernice H. Smith, City Treasurer
<br /> Richard D. Fitts, Director of Finance
<br />are hereby authorized, on behalf of this Corporation, and in its
<br />name; to sign checks, drafts, notes, bills of exchange, accept-
<br />ances, or other orders for the payment of money from said account;
<br />to endorse checks, notes, bills, certificates of deposit, or other
<br />instruments, owned or held by this~Corporation, for deposit in said
<br />'account, or for collection or=~ discount by said Bank; to accept
<br />drafts, acceptances, and otherinstruments payable atsaid Bank'; to'
<br />waive presentment, demand, protest, and notice of protest, or
<br />dishonor of any check, note, bill, draft, or other instrument made,
<br />drawn, or endorsed by this Corporation; and
<br /> 2. FURTHER RESOLVED, that the Bank be and it hereby is au-
<br /> thorized to honor, receive, certify, or pay all instruments signed
<br /> in accordance with the foregoing resolution even though drawn or
<br /> endorsed to the order of any officer or employee signing the same
<br /> or tendered by him for cashing, or in payment of the individual
<br /> obligation of such officer or employee, or for deposit to his per-
<br /> sonal..account and said Bank shall notbe required or be .under any
<br /> obl{gation to inquire as to the circumstances of the issuance or
<br /> use of any instrument signed in accordance with the foregoing resQ~
<br /> lution, or the application or disposition of such instrumentor the
<br /> proceeds thereof; and
<br /> 3. FURTHER RESOLVED, that the Clerk of Council of this Corp-
<br /> oration shall certify to said Bank the names of the persons who are
<br /> at present authorized to act on behalf of this Corporation under
<br /> the foregoing resolution and shall from time to time hereafter, as
<br /> changes in the personnel of said officers and employees are made,
<br />'immediately certify such changes to said Bank, and said Bank shall
<br /> be fully protected in relying on such certifications to the Clerk
<br /> of Council and shall be indemnified and saved harmless from any
<br /> claims, demands, expenses, loss, or damage resulting from, or g~.ow-
<br /> ing out of honoring the signature of any officer or employee so
<br /> certified, or refusing to honor any signature not so certified; and
<br /> 4. FURTHER RESOLVED, that the foregoing resolution shall
<br /> remain in full force and effect until written notice of its amend-
<br /> ment or rescission shall have been received by said Bank, and that
<br /> receipt of such notice shall not affect any action taken by said
<br /> Bank prior thereto; and
<br /> 5. FURTHER RESOLVED, that all transactions by any of the
<br /> officers or employees of this Corporation on its behalf, and in its
<br /> name, with the Bank prior to the delivery to said Bank of a certi-
<br /> fied copy of the foregoing resolution are, in all respects, hereby
<br /> ratified, confirmed, approved and adopted; and
<br />
<br />TUESDAY, OCTOBER 22, 1991
<br />
<br />
<br />
|