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Operating #1 BR-27 REV, (12,78) Title of Account Miami Beach Raievelopnent Agency - Operating #1 #90-02-0000-36 Resolution Dated October 17, 1984 CORPORATE RESOLUTION ..-- ___ INTERCONTINENTAL BANK -=- MIAMI BEACH, FLORIDA CORPORATE RESOLUTION . . B h Redeveloanent AqenCV 'f I, as Secretary of , M, aml. ~~ laws of the State of Florida , hereby certl y a corporation duly organized and eXI~tlng unhde~ the d of Directors of said corporation was duly called and held to Intercontinental Bank that a meeting of t e oar Florida at its office in the City of Miami Beach ~~~ of 1984 on the 17t-h day of , and voting throughout, and that the following resolutions on motion duly made and seconded were unanimously adopted and are now in full force and effect: DEPOSITS AND RESOLVED that Intercontinental Bank (hereinafter relerred to as the "Bank") be and hereby Is designated as a depository 01 this WITHDRAWALS corporation and th~t the ollicers and agents 01 this corporation be and hereby are, and each 01 them hereby Is, authorized to endorse lor, and to deposit, any 01 the lunds 01 this corporation in said Bank. RESOL VEO, that until the further order of this board of directors all checks, notes, dlafts, bills of exchange, acceptances, undertakings, or other instruments or orders for the payment of money, whether drawn against the Intercontinental Bank or any other bank, may be cashed, deposited or negotiated, and all funds of this corporation shall 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 payment of money when made, signed, drawn, accepted or endorsed on behalf of this corporation bv the following: (SEE NOTE BELOW) R>b W. Parkins -- Executive Director Richard L. Fosrroen -- Deputy Director lv:rr:i Hoffman -- Administrative Secretary Tw::> signatures re:;ruirErl. NOTE: Clients are requested to insert in the spaces above and beiow, titles only of the signing ollicers, where applicable, or the names 01 other authorized persons, also, to indicate fully in what manner they'are to sign, i.e. singly, any two, jointly, etc" as lor Instance: the President, Vice PreSident, Secretary and Treasurer or any "one" or "two" of them (or indicate any special combination). RESOLVED, that the Bank is hereby authorized to pay any such instruments or make any such charge and also to receive the same 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 person, or payable to said Bank or others for his account, or tendered in payment of his individual obligation, and whether drawn against an account in the name of this corporation or in the name of any officer or agent of this corporation as such. RESOLVED, that the following (SEE NOTE ABOVE) R>b W. Parkins -- Executive Director Richard L. Fosrroen -- Deputy Director lv:rr:i Hoffman -- Administrative Secretary Tw::> signatures requirErl. are hereby authorized on behalf of this corporation: 1 To borrow money and to obtain credit for this corporation Irom the Bank on any terms and to make and deliver nOles, drafts, acceptances, Instruments of guaranty, and any other obligatIOns of this corporation therefor in lorm satisfactory to the Bank, 2 To pledge or assign and deliver, as security for money borrowed or credit obtained, stocks, bonds, bills receivable, accounts, mortgages, merchandise, bills'of-Iadlng, warehouse receipts, Insurance poliCies, certificates, and any other property held by or belonging to this corporation With full authOrity to endorse, assign or guarantee the same In the name of IhlS corporation. 3 To discount any bills receivable or any paper held by this corporat'on w,th luli autho"ty to endorse the same In the name 01 th,s corporatiOn. 4 To withdraw from the Ban~ and give receipt lor, or to authorize the Ban~ 10 deilver to bearer or to one or more deSignated persons, all or any documents and secu"',es or other property held by It, whether held as collateral secu"ty or lor salekeeplng or for any other purpose 5 To aufhorlze and request the Bank to purchase or sell lor accounl 01 the corporal lon, stocks. bOnds and other secUrlt,es, and 6. To execute and deliver all Instruments required by the Bank ,n connect,on with any 01 the lorego,ng matters and all" thereto the seal 01 th,s corporallon. RESOL VED, that the Secretary or any other olflcer 01 thiS corporation be, and hereby IS, authorized to certify to the Ban~ the names of :he present off,cers of this corporation and other persons authorized to s'gn lor It and the olllces respectively held by them, together with specimens of their Signatures, and on case 01 any change 01 any holder 01 any such off,ce or holders of any such ollices. the fact of such change and the names of any new officers and the off,ces respectively held by them, together with spec,mens 01 their s'gnatures, and the Bank be, and hereby IS, authorized to honor any instrument Signed by any new officer or ofllcers In respect of whom It has rece,ved any such certificate or certllicates with the same force and effect as if said officer or said officers were named in the loregoong resolutions in the place 01 any person or persons with the same title or titles. RESOLVED, that the Bank be promptty notllled In w"t,ng by the Secretary or any officer Of thiS corporallon of any change In these resolullons, such notice to be given to each Office of the Bank In which any accounl 01 th,s corporation may be ma,ntaoned, and that until ,t has , I aclualiy received such notice on wrlllng ,t IS authorized 10 act In pursuance of these resolutions, and that until ,t has actualiy so rece,ved such notice ,t shall be indemnified and saved harmless Irom any loss suffered or liability :ncurred by It In contonUlng to act In pursuance 01 these resolutions, even though these resolutiOns may have been changed' I FURTHER CERTIFY that there is no provision in the Charter or By-Laws of the 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 present officers of said corporation and the offices respectively held by them are as follows: NAME Mayor Malcolm H. Fromberg Vice-Mayor Sidney Weisburd Ccmnissioner Bruce Singer Ccmnissioner Alex Daoud Ccmnissioner Stanley Arkin Ccmnissioner Ben Grenald Ccmnissioner William Sh::>ckett TITLE Chainnan Vice-Chainnan Manber MEmber MEmber MEmber Member Ibb W. Parkins Richard L. Fosnoen Elaine M. Baker Executive Dir~or Deputy Director Secretary IN WITNESS WHEREOF, I have hereunto set my hand as Secretary of said corporation and affixed the corporate seal this 17th day of October 19 84 1 A:I/~ ~~ AS SECRETARY OF THE SAID CORPORATION ,CORPORATE SEAL) OTHER OFFICER /;t J LU L;;Af TITLE ONOTE: In case the Secretary or other recording officer IS authOrized to Sign checks, notes, etc, by the abOve resolutiOns thiS certificate must IJJ2 be s'gned by a second off,cer of the corporation