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A RESOLUTION TO DESIGNATE THOSE OFFICERS <br /> OF THE CITY OF ORONO AUTHORIZED FOR <br /> INVESTING AND SAFEKEEPING <br /> OF CITY FUNDS WITH U.S. BANK, N.A. <br /> BE IT RESOLVED, that any one of the officers of this municipality designated below: <br /> City Administrator <br /> Treasurer/Finance Director <br /> Deputy Treasurer/Assistant Finance Director <br /> are authorized, on behalf of and in the name of this municipality, (a) to direct, orally or in writing <br /> or electronically or through any other medium agreed to by said officer(s) and the Corporate <br /> Treasury Division of U.S. Bank N.A. ("Treasury"), the opening of an investment account and the <br /> investment of municipal funds in securities and/or time deposits with and/or through Treasury <br /> through such account; (b) to execute, on behalf of the municipality, contracts or agreements in <br /> connection with such investment account in the usual form provided by Treasury for such <br /> accounts generally; (c) to receive in respect of said I�Zvestment account confirmations, receipts, <br /> notices, demands, reports, and comn7unications of any kind; (d) to receive in respect of said <br /> investment account money, securities, time deposits, and property of every kind, and to dispose <br /> of saine; (e) to endorse and deliver for deposit, negotiation, transfer, pledge, or sale, and to <br /> identify or guarantee signatures or endorsements on, notes, certificates of deposit, checks, and <br /> securities of all kinds, either belonging to or coming into the possession of the municipality; and <br /> (fl to authorize, arally or in writing or through any other medium agreed to by said officer(s) and <br /> Treasury, the debiting and/or crediting Uy Treasury of this municipality's deposit account(s) at <br /> any financial institution for the puipose of effecting such transaction. <br /> FURTHER RESOLVED, that the City Clerk of this municipality is authorized and <br /> directed to certify to Treasury the foregoing resolutions and that the provisions thereof are in <br /> confornlity with the Articles and Bylaws of this municipality and to certify to Treasury the names <br /> of the persons now holding the offices refened to above and any changes hereafter in the persons <br /> holding said offices together with specimens of the signature of such present and future officers. <br /> FURTHER RESOLVED, that the authority granted to the officers of this municipality <br /> shall continue in full force and effect, and Treasury may rely thereon in dealing with such <br /> officers, unless and until written notice of any change in or revocation of such authority shall be <br /> delivered to Treasury by an officer of this municipality, and any action taken by said officers and <br /> Page 1 of 2 <br />