1986 10
265 RESOLUTION OF THE BOARD OF TRUSTEES (Board of Trustees Meeting November 16, 1986) BANK RESOLUTION NOW THEREFORE BE IT RESOLVED that the Chase Manhattan Bank, N.A., the Citibank, N.A., the First Pennsylvania Bank, N.A., and the First Federal Savings and Loan Association be and hereby are designated as depositaries of this corporation and that the officers and agents of this corporation be and hereby are, and each of them hereby is, authorized to deposit any of the funds of this corporation in these banks either at its head office or at any of its branches. RESOLVED, that, until the further order of this Board of Trustees any funds of this corporation deposited in these Banks be subject to withdrawal or charge at any time and from time to time upon checks, notes, drafts, bills of exchange, acceptances, undertakings, or other instruments or orders for the payment of ‘money when madé, signed, drawn, accepted or endorsed on behalf of -: this corporation. …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://www.uvi.edu/files/documents/Board_of_Trustees/Resolutions_and_Actions/1962-1989-Index-of-Resolutions-and-Actions/1986_10.pdf
SHA-256 ebb198c06667eb917db57233c9f95b8346b19bd43583651ff3cbb1c879eceeb2
Re-using this document
Our description, tagging, arrangement, extracted text and machine transcripts are released under CC0 1.0. We assert nothing about the document itself.
Archive identifier LF-ebb198c06667
Document text
265 RESOLUTION OF THE BOARD OF TRUSTEES (Board of Trustees Meeting November 16, 1986) BANK RESOLUTION NOW THEREFORE BE IT RESOLVED that the Chase Manhattan Bank, N.A., the Citibank, N.A., the First Pennsylvania Bank, N.A., and the First Federal Savings and Loan Association be and hereby are designated as depositaries of this corporation and that the officers and agents of this corporation be and hereby are, and each of them hereby is, authorized to deposit any of the funds of this corporation in these banks either at its head office or at any of its branches. RESOLVED, that, until the further order of this Board of Trustees any funds of this corporation deposited in these Banks be subject to withdrawal or charge at any time and from time to time upon checks, notes, drafts, bills of exchange, acceptances, undertakings, or other instruments or orders for the payment of ‘money when madé, signed, drawn, accepted or endorsed on behalf of -: this corporation. by::, a i rage (Checking Accounts} > “president, Executive: Re Treasurer/Vice-President of — nunineey and: Financial Affairs, controller. : : Any - one. sh gReene:: on “checks under $10, obo. 00. : Any two signatures on , etiecks $10, 000. go Or, greater. % a « ? any instrument signed by any new officer or officers in respect of whom it has received any such certificate of certificates with the same force and effect as if said officer or said officers were named in the foregoing resolutions in the place of any person or persons with the same title or titles. RESOLVED, that, the Bank be promptly notified in writing by the Secretary or any other officer of this corporation of any change in these resolutions, such notice to be given to each office of the bank in which any account of this corporation may be maintained, and that until it has actually received such notice in writing it is authorized to act in pursuance of these resolutions, and that until it has actually so received such notice it shall be indemnified and saved harmless from any loss suffered or liability incurred by it continuing to act in pursuance of these resolutions, even though these resolutions may have been changed. I, Arthur A. Richards , secretary of the College of the Virgin Islands, do hereby certify that the foregoing is an exact copy of a Resolution of the Board of Trustees as adopted at its meeting on November 16, 1986, and as recorded in the minutes of said meeting: ciel ene Ss Date Secretary 267