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HomeMy WebLinkAbout1973-08-23 - Resolution No. 73-25RESOLUTION NO. YORBA LINDA COUNTY WATER DISTRICT BOARD OF DIRECTORS CORPORATE RESOLUTION TO BORROW RESOLVED, that this corporation, YORBA LINDA COUNTY WATER DISTRICT borrow from BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATT.ON a national banking association, hereinafter referred to as "Bank", from time to time , such sum or sums of money as, in the judgement of the officer or officers hereinafter authorized, this corporation may require, provided that the aggregate amount of such borrowing, pursuant to this resolution, shall not at any one time exceed the sum of One Hundred Thousand Dollars ($100,000.00), in addition to such amount as may be otherwise authorized: RESOLVED FURTHER, that GORDON PETERSON the Auditor or JEAN E. MATHEWS the Secretary and REX HASTINGS the President or FRED CLODT the Vice President of this corporation ( theofficer or officers, or officers acting in combination, authorized to act pursuant hereto being hereinafter designated as "authorized officers"), be and they are hereby authorized directed and empowered, in the name of this corporation, to execute anddeliver to Bank, and Bank is requested to accept, the note or notes, advance account agreements, acceptance agreements or other instruments evidencing the indebtedness of this corporation for the monies so borrowed, or to be borrowed, with interest thereon, and said authorized officers are authorized from time to time to execute renewals or extensions of said note or notes, advance account agree- ments, acceptance agreements or other instruments. RESOLVED FURTHER, that said authorized officers be and they are hereby authorized, directed and empowered, as security for any note or notes or any other indebtedness of this corporation to Bank, whether arising pursuant to this resolution or otherwise, to grant a security interest in, transfer, or otherwise hypothecate to Bank, or deed in trust for its benefit, any property belonging to or under the control of this corporation, and to execute and deliver to Bank any and all loan or credit agreements, grants, transfers, security agreements, deeds of trust and other hypothecation agreements, which said instruments and note or notes and other instruments referred to in the preceding para- graph may contain such provisions, covenants, recitals and agreements as Bank may require and said authorized officers may approve, and the execution thereof by said authorized officers shall be conclusive evidence of such approval; FURTHER RESOLVED, that said authorized officers be and they are hereby authorized, directed and empowered (a) discount with or sell to Bank, Conditional Sale Contracts, leases, bailment agreements, notes, accept- ances, drafts, receivables and evidences of indebtedness payable to this corporation, upon such terms as may be agreed upon by them and Bank, and to endorse the name of this corporation said notes, acceptances, drafts, receivables and evidences of indebtedness so discounted , and to guarantee the payment of the same to Bank and (b) to apply for and obtain from -1- Bank letters of credit and in connection therewith to execute security agreements, applications, guaranties, indemnities and other financial undertakings. RESOLVED FURTHER, that Bank is authorized to act upon this resolution until written notice of its revocation is delivered to Bank, and that the authority hereby granted shall apply with equal force and effect to the successors in office of the officers herein named. I, JEAN E. MATHEWS, Secretary of YORBA LINDA COUNTY WATER DISTRICT, a corporation, incorporated under the laws of the State of California, do hereby certify that the foregoing is a full, true and correct copy of a resolution of the Board of Directors of said corporation, duly and regularly adopted by the Board of Directors of said corporation in all respects as required by law, and by the by-laws of said corpor- ation, on the 23rd day of August, 1973, at which meeting a majority of the Board of Directors of said corporation was present and voted in favor of said resolution. I further certify that said resolution is still in full force and effect and has not been amended or revoked, and that the specimen signatures appearing below are the signataures of the officers author- ized to sign for this corporation by virtue, of this resolution IN WITNESS WHEREOF, I have hereunto set my hand as such Secretary, and affixed the corporate seal of said corporation, this 23rd day of August, 1973. AUTHORIZED SIGNATURES: PA X ~ Gordon Peterson an E . Mathews Rex ast`' ngs Fred do8dt Secretary of YORBA LINDA COUNTY WATER DISTRICT A Corporation RESOLUTION NC. YORBA LINDA COUNTY WATER F-TSTRICT BOARD CF DIRECTORS CORPORATE RESOLUTION TO BORROW RESIOLVED, that this corporation, YOF'i [NUA COL!NTY borrow from BANK OF AMERICA NATIONAL TRUST AND `;AVINGS ASaOCTATrON a national banking association, hereinafter ref.-rred to as "Bank", from time to time , such sum or rums of money as, ir. the judgement of the officer r.r officers hereinafter autt-,cri-d, this corporation may require, provided that the aggregate amoi.:nt- of ;tic b borrowing, pursuant to this resolution, sha13 riot at any one tii,ie excel°ci the sum of One Hundred Thousand Dollars ($100,000.00), ir, addit:ion to such amount as may be othc-rwise au~-horized : RESOLVED FURTHER, that CORDON TEi'ERSON the Auditor or JEAN F. MATHEWS the Secretary and REX HASTINGS the President or FRED CLODT the Vice President of this corporation ( theofficer or officers, or officer acting it combination, authorized to act pursuant hereto being, hereinafter designated as "authorized of firers" ) , be and i hc~y irc her ol,v at! ! hor t:~od directed and Pmpowered, in the name of t}iie corpora! ion, to t'Nec-11 -0 anddeliver to Bank, and Bank is requester to acc ept , the nc t cr, notes, advance account agreements, acceptance agreemcntc car instruments evidencing the indebtedness of this corporcv-4-on for the monies so borrowed, or to be borrowed, with interest thereori, and said authorized officers are authorized from time to time to, execute renewals or extensions of said note or notes, advance account agree- ments, acceptance agreements or other i.rr-,trument.s. RESOLVED FURTHER, that said authorized officers be and they are hereby authorized, directed and empowered, as security for any note or notes or any other indebtedness of this corporation to B-ti)k., wtinther aris:i.nfT pursuant to this resolution or otherwise, to grant a security interest in, transfer, or otherwise hypothecate to Rank, or deed in trust for its benefit, any property belonging to nr under the control of this corporation, and to execute and deliver to Bank anv and all loan or credit agreements, grants, transfers, security agreements, deeds of trust and other hypothecation agreements, which said instruments and note or notes and other instruments referred to in the preceding para- graph may contain such provisions, covenants, recitals and agreements as Bank may require and said authorized officers may approve, and the execution thereof by said authorized officer., shall be connllisive evidence of such approval; FURTHER RESOLVED, that said authorized officers be and they are hereby authorized, directed and empowered (a) discount with or sell to Bank, Conditional Sale Contracts, leases, bailment agreements, notes, accept- ances, drafts, receivables and evidences of indebtedness payable to this corporation, upon such terms as may be agreed upon by thom and Bank, and to endorse the name of this corporation said note;;, ace eptanoc:s, drafts, receivables and evidences of indebtedness so discounted , and to guarantee the payment of the same to Bank and (b) to apply for anal obtain from -1- Bank letters of credit and in connection therewith to execute security agreements, applications, guaranties, indemnities and other financial undertakings. RESOLVED FURTHER, that Bank is authorized to act upon this resolution until written notice of its revocation is delivered to Bank, and that the authority hereby granted shall apply with equal force and effect to the successors in office of the officers herein named. I, JEAN E. MATHEWS, Secretary of YORBA LINDA COUNTY WATER DISTRICT, a corporation, incorporated under the laws of the State of California, do hereby certify that the foregoing is a full, true and cor=e copy of a resolution of the Board of Directors of said corporation, duly and regularly adopted by the Board of Directors of said corporation in all respects as required by law, and by the by-laws of saiv corpor- ation, on the 23rd day of August, 1973, at: which rrut~ t r:f; a rriajr~rity of the Board of Directors of said corporation war pr(-sen1 ar)d voted in favor of said resolution. I further certify that said resolution is stall in full force and effect and has not been amended or revoked, and that the specimen signatures appearing below are the signataure ; of the off:i cers, author- ized to sign for this corporation by virtue of this resolution IN WITNESS WHEREOF, I have hereunto set my hand as such Secretary, and affixed the corporate seal of said corporation, th:i.s 23rd day of August, 1973. AUTHORIZED SIGNATURES: Gordon Peterson " an E. Mathews " Rexast ~ngs~ " Fred odt Secretary of YORBA LINDA COUNTY WATER DISTRICT A Corporation ■ C PORATE RESOLUTION TO BURROW RESOLVED, that this corporation . borrow from BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, a national banking association, hereinafter referred to as "Bank," from time to time, such sum or sums of money as, in the judgment of the officer or officers hereinafter authorized, this corporation may require; provided that the aggregate amount of such borrowing, pursuant to this resolution, shall not at any one time exceed the sum of in addition to such amount as may be otherwise authorized: Dollars RESOLVED FURTHER, that or the the and the or the of this corporation (the officer or officers, or officers acting in combination, authorized to act pursuant hereto being hereinafter designated as "authorized officers"), be and they are hereby authorized, directed and empowered, in the name of this corporation, to execute and deliver to Bank, and Bank is requested to accept, the note or notes, advance account agreements, acceptance agreements or other instruments evidencing the indebtedness of this corporation for the monies so borrowed, or to be borrowed, with interest thereon, and said authorized officers are authorized from time to time to execute renewals or extensions of said note or notes, advance account agreements, acceptance agreements or other instruments. RESOLVED FURTHER, that said authorized officers be and they are hereby authorized, directed and empowered, as security for any note or notes or any other indebtedness of this corporation to Bank, whether arising pursuant to this resolution or otherwise, to grant a security interest in, transfer, or otherwise hypothecate to Bank, or deed in trust for its benefit, any property belonging to or under the control of this corporation, and to execute and deliver to Bank any and all loan or credit agreements, grants, transfers, security agreements, deeds of trust and other hypothecation agreements, which said instruments and note or notes and other instruments referred to in the preceding paragraph may contain such provisions, covenants, recitals and agreements as Bank may require and said authorized officers may approve, and the execution thereof by said authorized officers shall be conclusive evidence of such approval; FURTHER RESOLVED, that said authorized officers be and they are hereby authorized, directed and empowered (a) to discount with or sell to Bank, Conditional Sale Contracts, leases, bailment agreements, notes, acceptances, drafts, receivables and evidences of indebtedness payable to this corporation, upon such terms as may be agreed upon by them and Bank, and to endorse in the name of this corporation said notes, acceptances, drafts, receivables and evidences of indebtedness so discounted, and to guarantee the payment of the same to Bank and (b) to apply for and obtain from Bank letters of credit and in connection therewith to execute security agreements, applications, guaranties, indemnities and other financial undertakings. RESOLVED FURTHER, that Bank is authorized to act upon this resolution until written notice of its revocation is delivered to Bank, and that the authority hereby granted shall apply with equal force and effect to the successors in office of the officers herein named. I . Secretary of a corporation, incorporated under the laws of the State of do hereby certify that the foregoing is a full, true and correct copy of a resolution of the Board of Directors of said corporation, duly and regularly adopted by the Board of Directors of said corporation in all respects as required by law, and by the by-laws of said corporation, on the day of 19.........., at which meeting a majority of the Board of Directors of said corporation was present and voted in favor of said resolution. I further certify that said resolution is still in full force and effect and has not been amended or revoked, and that the specimen signatures appearing below are the signatures of the officers authorized to sign for this corporation by virtue of this resolution. IN WITNESS WHEREOF, I have hereunto set my hand as such Secretary, and affixed the corporate seal of said corporation, this day of 19........... AUTHORIZED SIGNATURES: (Signature) (Signature) SECRETARY OF Affix - (Signature) corporate seal A CORPORATION here (Signature) (Signature) N-243 8-66