HomeMy WebLinkAboutRESOLUTION 1966-24----~____.f- ---~--.-_ _ _ __ _ ~ z_ ~~ __ -_- ~ --_ -----~-
CI 1Y ~F K~arAI
`IR~(''1UTIUN ~
(C~RTiF'IED C~)Fy)
I AEREI3Y C'?r~.TTF~~` triAt I am the duly el.eated a»~' ~ ,.
of I~NAI gbgggq And the keeper of the recor~iages~di~~ep CI VF 9~alkoi~
eai ac~rp a on; s~the follcwinE~ !.a a true and correct r;o Drat
duly •d opted et a meetin, of tho I{enA~. City ~ouno•tl the3eot' py °f 'eaolutiana
with City Ordinances et its offices at held in eccordartGp
of rune _ 14 66 Kenai~Aiaslca o, ~ the 15 ___
_..~.,,,,_. And that the same ere nc,'w~j't'; f:.~;.1 force. da`d'
CONY OF' CE3ULUTION.~
"SE IT RBSC~LVb;D, Th heCity C~kepr.and
their aueceesora in office be en ~~ Directorf this corpora t: cn, or
of, and in Hasa of this corporation tc~ Y are au7;hor:~z®d for, of behalf
~ egotiete ena'~rocure loans from;
Alaska State Bank,~Ken$i Branch, Kenai, Alaska
u to an amount not ea;ceedinr~ ~ 4SO,000.~p '
t~e outstandangf ~ in tb~e aF,gre
(b) Discount with said tank, commeroZal or otbex~ bueinesa paper 'relon ins
t• this corporation, made or drawn by or upon third parties, without limit~aa~ _
to amount=
(0) Give aeourit, for and liAbilities of this rornorbti~~n to saiA bsnk b~
pledge or Assignment ore lien u on •n
angible, of thin corporation, and; ~ Feraonel pr~~perts, t~ei~gible o,•~ Sn- "
~d~ ~;xecute in such form as may tie required by the bank all note>> and
other eridenoee of such loans, ell instruments of pledge, •sAi
Dad that none of the same shall be valid unless so si 8'~ent ~r lien,
boe~ever, that the endoraetnent of promissory notes dia~untedl may°beee:-~e~tede~
by en~r ens of ttaeme
RESOLVED FtTR~'AER, Tbet said bank be am it is hereby authorized '~Qd
diroo~red to pa the proceeds of any such loans or dieoounta as dirsotod b t
JPot'ao~n• ao e~t~orized to sign, 7 ~
NRESOLVEn ~RT~, T'hat this resolution shall oc,ntinue in Pores,art,~ acid
book mad ooaeider the ~boldsre et said offices and ttuir ai
to bA btla oentiau• as eat tenth in the certificate of the Gity Clerk of
oo~ prabiox~ ~ •ocom an i gaaturea, re~p~eoti~e l~
er ~ an eimilarpaubeequsntooertifieatere~ti~ino wben Chi•
xriti.nR ~a duly served ou said bank." ~livrred to said bet~c
t=oe i:o t+~e contrary yin ~
I EERS'DY FURTHER DERTIFY that the following named
:eppointe~ bo the orriQea set opposite tae= iiers~~tts have been dnla .
' "~ Ifold tbtee• offices •t the espeotAvs natnea, that tbey oenti,nv®
beree~n are the genuix~e~ ori,eirpialsgit time d that tine si
gnatu of a g<..at~u ea appea~.ir~g . ~
re+sp eo ~i vely s
~~ C~~' .ACTING
ANiQE DIltEC2'0 - ``-`~' <=``--`_-~--------~I TY MANAIt~
Ix irIY'!dll8ld n•cc¢.~ ,,~ orge es, ro
oaaaed bbe corporate seal of aaideo• porationsto be beretoasDtizedltpiae:l6 have
dM~- et June _ 1.9 66 _
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