Resolution of the Board of Directors of the Corporation for Public Broadcasting
June 21, 2005
Delegation of Authority re Banking Transactions
Unanimously
BE IT RESOLVED THAT:
The CPB Board Resolutions dated May 17, 1984, June 28, 1985, July 18, 1989, May 15, 1991, January 28, 1992, April 2, 1993, December 3, 1993 and May 9, 1995, all dealing with authorization of specific officers to issue checks, drafts, or other orders on behalf of the Corporation, and to establish certain bank accounts for the Corporation, are superseded by this action.
BE IT FURTHER RESOLVED THAT:
The President and Treasurer are individually authorized to execute agreements in the appropriate standard form or forms required to establish, maintain, and close general or special accounts of deposit with the following banks, trust companies, or depositories:
1. Bank of America 2. National Capital Bank of Washington 3. Any federally insured bank, trust company or depository as required by the business.
The Board will receive annually a list of all authorized accounts.
BE IT FURTHER RESOLVED THAT
The President, Executive Vice President, and Treasurer, or in their absence and as specifically authorized by the President, any Corporate Officer, are individually authorized to:
- deposit, on behalf of the Corporation and in its name, in general or special accounts established by this Resolution, checks, drafts, and other orders for payment of money, which are payable to the order of the Corporation;
- issue checks, drafts, or other orders on behalf of the Corporation, and in its name, for the payment of money from such accounts as may be established pursuant to this Resolution.
- approve the performance by electronic means of any of the transactions listed above in this Resolution.
The signature of the Treasurer may be affixed to such checks or drafts, not to exceed five thousand dollars ($5,000), by a device bearing an authorized facsimile of such signature.