HomeMy WebLinkAbout2005-05-09 05-141 RESOLVEItem No. 05-141
Date: 5A-2005
Item/Subject: Resolve, Adopting a Corporate Resolution for Merrill Bank
Responsible Department: Finance
Commentary:
The attached resolve will authorize the City to execute the attached Corporate Resolution. This re -solution
B required by Merrill Bank, who provides the City's Invamient services for certain Bangor International
Airport (BIA) trust accounts. The City recently received shares of stock In settlement of a bankruptcy
action. It Is the City's intention to transfer the soak ceNflrate to a BIA trust account. In order for Merrill
Bank to execute this transaction a completed Corporate Resolution Is needed.
Manager's Comments:
Recommend approval, o,o d. -11u lc"Ln*.«+AA54 2
�- y M
City Manager
Aswdatetl Dgormation:
Corporate Resolution
Budget Approval:
JL Passage
_ Fimt Reading Page _ of _
Referral
05 141
r aeeignea to c,atvick Xay 9. zuos
CITY OF BANGOR
(TITLE.) Resolve, Adopting a Corporate Resolution for Merrill Bank
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
Deborah Cyr, Finance Director as employee of the City of Bangor, he and Is hereby authorized
to sell, assign and endorse for transfer certificates representing stocks, bonds, or other
securities now registered or hereafter registered in the name of this corporation, or any of its
affiliates, as mminee.
M CITY C CIL
I y 9. 2005
E.rsap
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(TITLE.) Adopting a Coiporata Msolvtioo
for Merrill Hook
Aoigned b Counugor64A"
VI 1lT
BE IT RESOLVED, that Deborah Cyr, Finance Director as employee of the City of Bangor, be
and are hereby authorized to sell, assign and indorse for transfer, certificates representing stocks,
bonds, or other securitles now registered or hereafter registered in the creme of this corporation,
or any of be affiliates, as nominee.
Patti Dubois, City Clerk of the Bangor Immemorial Airport, incmporamil under the laws of the
State of Maine, hereby certify that the foregoing is a true entry of a resolution duly adopted by
the Board of Directors of said corporation st a regularly scheduled monday meeting duly held
Ne day of 200, at which a quorum was Prescott and voting and that
the same has not been repealed or amended and remains in fidl f and effect and does not
conflim with the laws of said cerporetion.
(Corporate Seal)
StateofMake
Penobscot, SS
Subscribed and Swum to Before Me
This_Day of J 200
Notary Public