Resolution of the Board of Directors of the Corporation for Public Broadcasting
May 9, 1995
Updated Check Signing Authorization
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, and December 3, 1993, 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drafts, or other orders on behalf of the Corporation, and to establish certain bank accounts for the Corporation, are superseded by this action.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, Executive Vice President, and Treasurer are individually authorized to execute agreements in the appropriate standard form or forms required to establish and maintain general or special accounts of deposit with the following banks, trust companies, or depositories:
1. The Bank of America National Trust Savings Association;
2. The Riggs National Bank of Washington, D.C.;
3. The Bank of Vermont in Burlington, Vermont; and
4. The Chittenden Bank in Rutland, Vermont.
The President, Executive Vice President, and Treasurer are individually authorized to deposit, on behalf of the Corporation, and in its name, funds of the Corporation, not otherwise employed, in general or special accounts established pursuant to this Resolution; and
For the purpose of deposits and for the purpose of collection for the account of the Corporation, checks, drafts, and other orders for payment of money, which are payable to the order of the Corporation, may be endorsed, assigned, and delivered by any officer of the Corporation and may be endorsed by the bank, trust company, or depository to whom delivered; and
The President, Executive Vice President, and Treasurer, and in their absence or as specifically authorized by the President, the Senior Vice President, Government Relations, General Counsel and Secretary are individually authorized to 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.
The Treasurer is authorized to affix his or her signature to such checks, drafts, or other drafts, not to exceed five thousand dollars ($5,000) by a device bearing an authorized facsimile of such signature.
