1968-10-14 - Resolution 1968-13 - Wheeling Bank & Savings Bank designated a repository •
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THIS COPY TO BE RETAINED BY THE CORPORATION
,T�P1CS/�s �
Be it Resolved by the Board of prof
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1. That the ,A)1'1t-(I' rust SaucIlCS cz�Z—
be and it is hereby designated as one of the depositariesof the funds of this Corporation,
and that the officers or employees of said Corporation are hereby authorized to endorse,
in the name of this Corporation for the purpose of deposit and collection in and with said
Bank, checks, drafts, notes and other like obligations, issued or drawn to and owned by
said Corporation, and it is further resolved that endorsements for deposit and collection
may be by the written or stamped endorsement of the Corporation without designation
of the party making the endorsement.
2. That said Bank be and it is hereby authorized, to pay out the funds of this Corporation
on deposit with it from time to time upon checks drawn upon said depositary and signed
in the name of this Corporation by its far
.. `R K and counter-signed by its Pe S / T
-e ,.. whether said checks are payable to cash, bearer or
the order of the Corporation, or to any third party, or to the order of any signing or
countersigning officer of the Corporation or any other Corporation officer, in either their
individual or official capacity.
3. That the and
or and
or
of this Corporation be and they are hereby authorized from time to time to borrow money
from said Bank in such amounts, for such length of time and at such rate of interest and
upon such other terms and conditions as said officer or officers may deem expedient, and
to evidence the indebtedness thereby created by executing and delivering in the name and
on behalf of this Corporation promissory notes, judgment promissory notes and other like
obligations of this Corporation, signed in the name of this Corporation by the officer or
officers designated above; and to pledge as security for the payment of said notes and
other obligations any property or security now or hereafter belonging to said Corpora-
tion, which notes or other obligations shall be in such form and shall contain such terms,
provisions and conditions as may be deemed proper by such officer or officers; and said
officer or officers is or are further authorized to discount to said Bank the notes and other
obligations issued to or owned by said Corporation, and to endorse the same for such
purpose.
4. That the said Bank shall not be in any manner whatsoever, responsible for or required
to see to the application of any of the funds of this Corporation deposited with it, checked
out or borrowed from it, or secured by the discount of notes and other obligations to it
as hereinbefore provided, and all such transactions shall be conclusively presumed to be
legally binding upon this Corporation. �1
5. That.P002.0- >' e - l 7 KI S, the of this Corporation, shall file with
the said Bank a certified copy of this Resolution under the corporate seal of this Corpora-
tion and shall also file with the said Bank a certified list of the persons at the present time
holding the offices of. -S/'%4 i T , ./. .ld.,S
and
in this Corporation, and it shall be conclusively presumed that the persons so certified as
holding such offices continue respectively to hold the same until the said Bank is other-
wise notified in writing by the Secretary of this Corporation.
6. That this Resolution shall be in full force and effect and binding upon this Corporation ��
until it shall have been rescinded, and written notice of such recission under the corpo- )U
rate seal shall have been delivered to said Bank.