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R-0629-77 RESOLUTION OF DIRECTORS REGARDING BANKING (Corporation or Unincorporated Association) RESOLUTION NO. 629 MIAMI SHORES VILLAGE, a municipal corporation (Exact Name as Specified in Charter) (hereinafter called the "Depositor") Miami Shores Village Payroll Account ACCOUNT NUMBER 030-0-578 RESOLVED: (1) THAT THE FIRST STATE BANK OF MIAMI, (hereinfater called the "Bank") be and is hereby appointed the depository of this Payroll Account and that a checking account be opened and.maintained with said Bank. (2) THAT all checks, drafts, notes, bills, and other orders for the payment of money from said account shall be signed by (insert num- ber) 2 of the following (insert titles of officers and employees) Mayor and Village Manager and any one of such persons is authorized to endorse all notes, drafts,checks, bills, certificates of deposit or other items payable to or owned or held by this Depositor for deposit in said account, or for collection or discount by said Bank;and to accept drafts and other items payable at said Bank and to waive protest of any check, note, bill or other item made, drawn or endorsed by or to the order of this Depositor. (3) THAT the Bank be and is hereby authorized to honor, receive, certify, or pay all instruments signed in accordance with the foregoing even though drawn or endorsed to the order of any person signing the same or tendered for cashing,or in payment of the individual obliga- tion of such person, or for deposit to his personal account, and said Bank shall not be required or be under any obligation to inquire as to the circumstances of the issuance. (4) THAT in consideration of the Bank keeping in its books an account for the Depositor, it is hereby expressly agreed between the Depositor and the Bank that the latter may from time to time make and debit to said account its usual charges for the keeping of an account which charges the Depositor agrees to pay. (5) THAT the Secretary shall certify to the Bank the names and signatures of those authorized to act by the foregoing resolutions, and he shall from time to time hereafter as changes in the identity of such persons take place, immediately report and furnish,such changes of name and signature to the Bank, and the Bank shall be fully protected in relying upon such certification of the Secretary and shall be in- demnified and saved harmless from any claims, demands, expenses, losses or damages resulting from or growing out of honoring the sig- nature of any person so certified or for refusing to honor any signature not so certified. (6) THAT the(insert titles of officers and restrictions) Mayor and Village Manager is/are authorized and empowered to borrow from time to time on behalf of this Depositor, from the Bank, such sums of money for such times and upon such terms as may to same seem advisable, and to execute obligations in the name of the Depositor for the payment of any sums so borrowed; and to pledge or assign as collateral any of the bonds, notes, stocks, bills receivable or other securities, property or assets of the Depositor, for the purpose of securing any moneys so borrowed and to execute any necessary documents or instruments which may be required to make the pledge effective. (7) THAT as and when, in the opinion of its (insert title of officer) , the needs of this Depositor require it, a safe deposit box be rented from said Bank and night depository arrangements be made with said Bank, said officer is authorized and directed to enter into a safe deposit box rental agreement and a night depository agreement with Bank, on terms and conditions satisfactory to Bank, and said officer is authorized to designate who shall have the right to enter said safe deposit box and who may act on behalf of this Depositor under any night depository agreement. (8) THAT the Depositor in opening a checking account with the Bank, hereby authorizes and directs said Bank to recognize and honor the signature(s) hereunto subscribed as the Bank's authority for the payment of funds from the account named herein, and as a condition of the acceptance of said account by the Bank it is agreed that said account is opened and accepted, and shall continue to be at all times, subject to all reasonable rules and regulations of said Bank, receipt of which is hereby acknowledged. (9) THAT the foregoing resolutions shall remain in full force and effect until written notice of their amendments or rescission shall have been received by said Bank, and that receipt of such notice shall not affect any action taken by the Bank prior thereto. (10) THAT the Secretary or Assistant Secretary be, and hereby is, authorized and directed to certify to the Bank the foregoing resolutions and that the provisions thereof are in conformity with the Charter and By-Laws of this Depositor. (Over) CERTI FICATE (Corporate Accourit) It is hereby certified by the undersigned that the foregoing resolution was duly passed at a meeting of the Board of Directors of the above- named Corporation duly held on the 19th day of April 19 77 , in accordance with the Charter and By-Laws of the Corporation and the laws governing the Corporation, and that the said resolution is in full force and effect and that the following are the names and official signatures of those persons authorized to act by the foregoing resolutions. CERTI FICATE (Unincorporated Association) I, the undersigned, hereby certify that the foregoing resolution was duly passed at a meeting of the above named Association, duly called and held on the 19th day of April 19 77 , in accordance with the laws govern- ing the Association, and that the said resolution is in full force and effect and that the following are the names and official signatures of those persons authorized to act by the foregoing resolutions. NAME TITLE SIGNATURE Joseph R. Farina Mayor Earl K. Andersen Village Manager Dated this 19th day of April 19 77 Clerk (SEAL) May r