BE IT RESOLVED that any 4 of the following named officers or employees of this Corporation, whose actual signatures are shown below
Ben Twigg, President
James Coats, Vice President
Jeffrey Smith, Secretary
William Enoch, Treasurer
Acting for and on behalf of the Corporation and as its act and deed, be and they are hereby authorized and empowered:
To borrow from the Lender, on such terms as may be agreed upon between the officers or employees and the Lender, such sum or sums of money as in their judgment should be borrowed, not exceeding, however, at any one time, the aggregate amount shown on the attached Declarations Page as $405,960.
To execute and deliver to Lender the promissory note or notes of the Corporation, on Lender’s forms, at such rates of interest and on such terms as may be agreed upon, evidencing the sums of money so borrowed or any indebtedness of the Corporation to Lender, and also to execute and deliver to Lender any renewal or renewals of the notes, or any of them, or any part thereof.
To mortgage, pledge, hypothecate, or otherwise encumber and deliver to Lender, as security for the payment of any loans so obtained, any promissory notes so executed, or any other or further indebtedness of the Corporation to Lender at any time owing, however, the same may be evidenced, any property belonging to the Corporation or in which the Corporation may have an interest, real, personal or mixed. Such property may be encumbered, hypothecated, or pledged at addition to or in lieu of any property therefore mortgaged, hypothecated, encumbered, or pledged. The provisions of these resolutions authorizing or relating to the pledge, hypothecation, granting of a security interest in, or otherwise in any way encumbering the assets of the Corporation shall include, without limitation, doing so in order to lend collateral support to indebtedness, now existing or later arising any of any nature whatsoever, of the above named Corporation to the above named Lender. The Corporation has considered the value to itself of lending collateral in support of such indebtedness, and the Corporation represents to the Lender that the Corporation is benefited by doing so.
To execute and deliver to Lender the form of pledge agreement, security agreement, and financing statement which may be submitted by Lender, and which shall evidence the terms and conditions under and pursuant to which such pledges, or any of them are made; and also to execute and deliver to Lender any mortgages, deeds, trust indentures, or other instruments in writing, or any kind or nature, which may be necessary or proper in connection therewith, or pertaining thereto.
To draw, endorse, and discount with Lender drafts, trade acceptances, promissory notes, or other evidences of indebtedness payable or belonging to the Corporation or in which the Corporation may have an interest, and either to receive cash for the same or to cause such proceeds to be credited to the account of the Corporation with Lender, or to cause such other disposition of the proceeds derived there from, as they may deem advisable.
To do and perform such other acts and things and to execute and deliver such other documents as may in their discretion be deemed reasonably necessary or proper in order to carry into effect any of the provisions of these Resolutions.
BE IT FURTHER RESOLVED that these Resolutions shall remain in full force and effect until written notice of the revocation thereof shall have been delivered to and received by Lender. Any such notice shall not affect any agreements in effect or committed at the time notice is given.
I further certify that the persons hereinabove named occupy the positions set opposite their respective names, 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 or revoked in any manner whatsoever.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of the Corporation the 30 Day of October, 2021.
Secretary’s Signature:________________________________
Print Name:_________________________________
