2004-11-08 Additional Agenda Items Memo

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CORPORATE BANKING RESOLUTION (for Deposit Accounts) Depositor: CITY Of CENTERVILLE 1880 MAIN STREET CENTERVILLE. MN 55038-9794 Financial Institution: Mainstreet Bank Centerville Office 7111 21st Ave N PO Box 455 Centerville, MN 55038-0455 Account No: SAV 1321332/DDA 3017115 I. the undersigned Secretary of the Corporation named above, HEREBY CERTIFY that the Corporation is organized and existing under and by virtue of the Jaws of the state of Minnesota as a corporation for profit, with its principal office at 1880 MAIN STREET, CENTERVllLE, MN 55038-9794 ACCOUNT HOLDER. CITY OF CENTERVILLE is the complete and correct name of the Account Holder. r FURTHER CERTIFY that at a meeting of the Board of Directors of the Corporation, duly and regularly called and held on , at which a quorum was present and voting, the following resolutions were adopted: RESOLVED, that the Financial Institution named above at anyone or more of its offices or branches, be and it hereby is designated as a depository for the funds of this Corporation, which may be withdrawn on checks, drafts, advices of debit, notes or other orders for the payment of monies bearing the following appropriate number of signatures: Anyone (1) of the following named officers or employees of this Corporation ("Agents"), whose actual signatures are shown below: X MARY J YELLE-CAPRA, Designated Agent of CITY OF CENTERVILLE Agent of CITY OF and that the Financial Institution shall be and is authorized to honor and pay the same whether or not they are payable to bearer or to the individual order of any Agent or Agents signing the same. FURTHER RESOLVED, that the Financial Institution is hereby directed to accept and pay without funher inquiry any item drawn against any of the Corporation's accounts with the Financial Institution bearing the signature or signatures of Agents, as authorized above or otherwise, even though drawn or endorsed to the order of any Agent signing or tendered by such Agent for cashing or in payment of the individual obligation of such Agent or for deposit to the Agent's personal account, and the Financial Institution shall not be required or be under any obligation to inquire as to the circumstances of tne issue or use of any item signed in accordance with the resolutions contained herein, or the application or disposition of such item or the proceeds of the item. FURTHER RESOLVED, that anyone of such Agents is authorized to endorse all checks, drafts, notes and other items payable to or owned by this Corporation for deposit with the Financial Institution, or for collection or discount by the Financial Institution; and to accept drafts and other items payable at the Financial Institution. FURTHER RESOLVED, that the above named agents are authorized and empowered to execute such other agreements, including, but not limited to, special depOSitory agreements and arrangements regarding the manner, conditions, or purposes for which funds, checks, or items of the Corporation may be deposited, collected, or withdrawn and to perform such other acts as they deem reasonably necessary to carry out the provisions of these resolutions. The other agreements and other acts may not be contrary to the provisions contained in this Resolution. FURTHER RESOLVED, that the authority hereby conferred upon the above named Agents shall be and remain in full force and effect until written notice of any amendment or revocation thereof shall have been delivered to and received by the Financial Institution at each location where an account is maintained. Financial Institution shall be indemnified and held harmless from any loss suffered or any liability incurred by it in continuing to act in accordance with this resolution. Any such notice shall not affect any items in process at the time notice is given. I FURTHER CERTIFY that the persons named above occupy the positions set fonh opposite their respective names and signatures; that the foregoing Resolutions now stand of record on the books of the Corporation; that they are in full force and effect and have not been modified in any manner whatsoever.