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Savings BR-27 REV. (12/78) Title of Account M; ;1m; Beach Rerlevelopnent AgalCY -- Savings #01-13-00019-9 Resolution Dated October 17. 1984 CORPORATE RESOLUTION tii; INTERCONTINENTAl. BANK -=- MIAMI BEACH, FLORIDA CORPORATE RESOLUTION I, as Secretary of Mi ffiTI.i Beach Red=TP 1 m:ment AfJencv a corporation duly organized and existing under the laws of the State of Florin", , hereby certify to Intercontinental Bank that a meeting of the Board of Directors of said corporation was duly called and held at its office in the City of Miami Beach and State of Florida on the 17tJ-l day of o+n'hPr 19 R4 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 referred to as the "Bank") be and he~eby Is designated as a depository of this WITHDRAWALS corporation and that the officers and agents of this corporation be and hereby are. and each of them hereby is, authOrized to endorse for. and to deposit, any of the funds of this corporation in said Bank. RESOLVED, that until the further order of this board of directors all checks, notes, drafts, bi Is 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 lor payment of money when made. signed, drawn, accepted or endorsed on behalf of this corporation bv the following: (SEE NOTE BELOW) Ibb W. parkins -- Executive Director Richard L. Fosrroen -- Deputy Director Mr.i Hoffman -- Administrative SecretarY '!\\O signatures requirErl. NOTE: Clients are requested to insert in the spaces above and below, titles only of the signing officers, where applicable. or the names of other authorized persons, also, to indicate fully in what manner they' are to sign, I.e. singly, any two. joinlly, etc.. as for instance: the President, Vice President, Secretary and Treasurer or any "one" or "two" of them (or indicate any special combination). RESOL VED, that the Bank is hereby authorized to pay any such instn1ments 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) Ibb W. parkins -- Executive Director Richard L. Fosrroen -- Deputy Director Mr.i Hoffman -- Administrative SecretarY are hereby authorized on behalf of this corporation: 1 To borrow money and to obtain credit for thiS corporation from the Bank on any terms and to make and deliver notes, drafts, acceptances. Instruments of guaranty, and any other obligations of this corporation therefor In form satisfactory to the Bank. 2 To pledge or ass'gn and deliver, as securoly for money borrowed or credit obtained. stocks, bonds, bills receivable. accounts, mortgages, merchandise. bllls-of-Iad,ng. warehouse receipts, ,nsurance pol,cles, certificates, and any other property held by or belonging to this corporation With full authority to endorse, assign or guarantee the same ,n the name of this corporaHon 3 To dIscount any b.lls rece,vable or any paper held by th,s corporat.on w,th full authority to endorse the same ,1'1 the name of th.s co'porat,on. 4 To withdraw from the Bank and give receIpt for, or to authorize the Bank 10 deliver to bearer or to one or more designated persons. all or any documents and securlt,es or other property held by ,t, whether held as collaleral security or for salekeeplng or for any other purpos~ 5 To authorize and request the Bank to purchase or sell for account of the corporal'on. stocks. bOnds and other securll'es. ana 6 To e.ecute and del,ver all Instruments required by the Bank '1'1 connect,on w,th any 01 the lore90,ng mailers and alII. thereto he seal of this corporaflon RESOL VED, that the Secretary or any other officer of th,s corporallon be, and hereby's, authorized to cert,'y to the Bank the name, of :he present officers of this corporat,on and other persons authorized to Sign lor ,t and the off,ces respectively held by them, together w,'h spp'<lmens of their signatures, and in case of any change of any holder of any such off,ce or holders of any such off,ces, the facl of such change Jnd the names of any new officers and the off,ces respectively held by them, logether w,'h spec'mens of their s'gnatures, and the Bank be, and he'eby 's, authorized to honor any instrument s'gned by any new officer or officers In respect of whom ,t has rece,ved any such cert,f,cate or certlllca'es w,lh 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 persors with the same title or titles. RESOL VED, thaI the Bank be promplly nOl,f,ed '1'1 writing by the Secretary or any off'cer of th,s corporation of any change ,.) these resolut,ons, such notIce to be given to each Off,ce of the Bank ,n which any account of Ihls corporat'on may be maintained, and thaI unl I .t has aClually rece,ved such notice in writing ,t 's authorized 10 act ,n pursuanc'e of these resolullons. and Ihat unlol It has aClually so rece,ved such not.ce 01 shall be Indemn,f,ed and saved harmless Irom any loss suffered or I,abol,ty :ncurred by ,t ,n cont,nu,ng to act ,1'1 pursuance of 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 CERTI FY that the present officers of said corporation and the offices respectively held by them are as follows: NAME TITLE M3.yor Malcolm H. Fromberg Vice-M3.yor Sidney Weisburd Camlissioner Bruce Singer Corrrnissioner Alex Daoud Camlissioner Stanley Arkin Corrrnissioner Ben Gra'lald Camlissioner l'lilliarn Sh:Jckett Chainnan Vice-Chainnan Member Member Member Member Member R:>b W. Parkins Richard L. Fosrroen Elaine M. Baker Executive Dir~tor Deputy Director S~retary 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 ~v ~~~ AS SECRETARY OF THE SAID CORPORATION (CORPORATE SEAL) ~/7L/7 OTHER OFFICER TITLE 'NOTE: In case the Secretary or other recording off,cer is authorized to s'gn checkS, notes, etc, by the abOve resolutions th,s certificate must t.!ll be signed by a second officer of the corporat,on