HomeMy WebLinkAboutResolution 57 South Seminole Bank
RESOLUTION # 57
Depositary
and Signing
Resolution
Borrowing
Resolution
ROAD AND BRIDGE FUND
VILLAGE OF NORTH ORLANDO, FLORIDA
(Name of Corporation)
I HEREBY CERTIFIFY TO SOUTH SEMINOLE BANK, FERN PARK, FLORIDA
that at a meeting of the Board of Directors of THE VILLAGE OF NORTH ORLANDO, FLA.,a corporation
organized under the laws of the State of FLORIDA duly called (a quorum
being present) and held at the office of said corporation, NO.
in the city of NORTH ORLANDO State of FLORIDA on the day
of , 19 , the following resolutions were duly adopted and are now in full
force and effect:
RESOLVED, that the above bank be designated as a depositary of this corporation and that
funds of this corporation deposited in said Bank be subject to withdrawal upon checks, notes, drafts, bills of
exchange, acceptances, undertakings of other orders for the payment of money when signed on behalf of this
corporation bv anyTWO of its following officers to wit:
Helen F. Green- TREASURER
David G. Tilson- MAYOR
George T. Fuller-COUNCILMAN
* Treasurer's signature required plus anyone of other two signatures
RESOLVED, that the above bank, is hereby authorized to pay any such orders and also to
receille the same for credit of or in payment from the payee or any other holder without inquiry as to the
circumstances of issue or the disposition of the proceeds even if drawn to the individual order of any signing
officer or tendered in payment of his individual obligation.
RESOLVED, that David G. Tilson, Jay A. Wetz, Lloyd T. Brown
George T. Fuller, Charles E. Rowell
be and they hereby are authorized to borrow from time to time on behalf of this corporation from the above
bank sums of money for such period or periods of time, and upon such terms, rates of interest and amounts as
may to them in their discretion seem advisable, and to execute notes or agreements in the forms required by
said Bank in the name of the corporation for the payment of any sums so borrowed.
That said officers are hereby authorized to pledge or mortgage any of the bonds, stocks or other securities,
bills receivable, warehouse receipts or other property real or personal of the corporation, for the purpose of
securing the payment of any moneys so borrowed; to endorse said securities and/or to issue the necessary
powers of attorney and to execute loan, pledge or liability agreements in the forms required by the said Bank
in connection with the same,
That said officers are hereby authorized to discount with the above bank any bills receivable held by this
corporation upon such terms as they may deem proper.
That the foregoing powers and authority will continue until written notice of revocation has been delivered
to the above bank.
RESOLVED, that theVillage Clerk of this corporation be and he hereby is authorized to certify to
the above 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 said 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 following are the genuine signature of the persons now holding office in said
company as indicated opposite their respective signatures.
David G. Tilson, Mayor
George T. Fuller, Councilman
Lloyd T. Brown, Councilman
Charles E. Rowell, Councilman
Jay A. Wetz, Councilman
IN WITNESS WHEREOF, I have hereunto set my hand as secretary of said corporation and affixed the
corporate seal this 5th day of April 1965