HomeMy WebLinkAboutBridgehampton National Bank (2) ELIZABETH A. NEVILLE
TOWN CLERK
REGISTR~kR OF VITAL STATISTICS
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER
FREEDOM OF INFORMATION OFFICER
Town Hail, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (631) 765-6145
Telephone (631) 765-1800
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 490 OF 2001
WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD
ON JULY 3, 2001:
RESOLVED that the Town Board of the Town of Southold hereby adopts the following
resolution in regard to the Bridgehampton National Bank:
RESOLVED, that the above Bank be designated as a depositary of this Corporation and
that funds of this Corporation deposited in said Bank be subject to withdrawal upon checks,
notes, drafts, bills of exchange, acceptances, undertakings of other orders for the payment of
money when signed on behalf of this Corporation by any one .(Number) of its
following officers to wit:
Supervisor
Deputy Supervisor
Designated Councilman
RESOLVED, that the above bank, is hereby authorized to pay any such orders and also
to receive the same for credit of or in payment 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 officer or tendered in payment of his individual obligation.
RESOLVED, that the Supervisor or Deputy Supervisor
be and they hereby are authorized to borrow from time to time on behalf of this Corporation
fi.om the above Bank sums of money for such period or periods of time, and upon such terms,
rates of Interest and amounts as may to them in their discretion seem advisable, and to execute
notes or agreements in the forms required by said Bank in the name of the Corporation for the
payment of any sums so borrowed.
That said officers are hereby authorized to pledge or mortgage any of the bonds, stocks or
other securities, bills receivable, warehouse receipts or other property real or personal of the
Corporation, for the purpose of securing the payment of any moneys so borrowed; to endorse
said securities and/or to issue the necessary powers of attorney and to execute loan, pledge or
liability agreements in the forms required by the said Bank in connection with the same.
That said officers are hereby authorized to discount with the above Bank any bills
receivable held by this Corporation upon such terms as they may deem proper.
That the foregoing powers and authority will continue until written notice of revocation
has been delivered to the above Bank.
RESOLVED, that the Town Clerk of this Town be and he hereby is authorized to certify
to the above Bank, the foregoing resolutions and that the provisions thereof are in conformity
with the charter and By-Laws of this Corporation.
Elizabeth A. Neville
Sonthold Town Clerk
,.~'.~n'--26-01 09:07A B N B SOUTHOLD N Y 631 765 1605
CORPORATE AUTHORIZATION RESOLUTION
BRIDGEHAMPTON NATIONAL BANK By:
54970 MAIN ROAD TOWN OF SOUTHOLD
SOUTHOLDNY 11971 BOX 1179
516-765-1500 SOUTHOLD NY 11971-o969
P.OZ
Referred to in this document 3s "Financial institution"
Referred to in this document as "Corporation"
I, BETTY NEVILLE-TOWN CLERK , certify that I am Secretary {clerk) of the above named corporation organized under the laws of
NEW YORK Federal Employer I.D. Number E11-6001939 , engaged in business under the trade name gl
TOWN OF SOUTHOLD , and that the resolutions on this document are a correct copy of the resolutions
adopted at a meeting oi the Board of Directors of the Corporation duly and properly called and held on JU~, ~) ) ~ 2001 {date).
These resolutions appear in the minutes of this meeting and have net been rescinded et' modified.
AGENTg Any agent listed below, subject to any written limitations, is authorized to exercise the powers granted as indicated below:
["\ ~ ' .~
Name and Tide or Position Signature ' - ~acsimile Signai~e" 'Y:
A. JEAN W COCHRAN-SUPERVISOR X
!
B. BRIAN MURPHY-DEPUTY SUPr~RVISOR X .. ~'~ ,3 I J
c. Johr~ P. om~aneli::L-Counc::Liaan x ~'~ ~ ·
used)
X
X
X
POWERS GRANTED IAttach one or more Agents to each power by placing the letter corresponding to their name in the area before each power.
Following each power indicate the number of Agent signatures required to exercise the power.)
indicate A, B, C, Description of Power indicate number of
D, E, and/or F signatures required
A B C {Ii Exercise alt of.the powers listed in this resolution. ~
Open any deposit or share account)s) in th~ name of the Corporation.
Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit
Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks,
Other
LIMITATIONS ON POWERS The following are the Corporation's express limitations on the powers granted under this resolution..
EFFECT ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated 06/26/2001 . if not completed, all resoiutians remain in effect.
CERTIFICATION OF AUTHORITY
I further certify that the Board of Directors of the Corporation has, and at the time of adoption of this resolution had. full power and lawful authority to
adopt the ~oregolng resolutions and to confer the powers granted to the persons named who have full power and lawful authority to exercise fha
same. (Apply seal below where approp?iate. I
r~lf checked, the Corporalion is a non*profit corporation. In Witness Whereof, I have subscribed my name to this document and affixed the seal
_.~. of the Corporation On 0__6/26/2001(datel,
- Attest by One Other Officer ~ Secretary