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City of OR,ONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. 1386 <br />Adopted by the Orono City Council on this 24th day of <br />Mav 1982. <br />�u� <br />William B. Van Nest, Mayor <br />ATTEST: <br />Albe a M. Strpm, Cite C er!c' <br />I have read and understood the above resolution and agree <br />on behalf of myself, President and major shareho:_der of the First <br />National Bank of Navarre as president and sole Owner of Orono Financial <br />Incorporated, a Minnesota Incorporated holdii:•; rompany, holding over <br />80% of the ownership shares of the First National Bank of Navarre, <br />and on behalf of the remaining shareholders that the use of the above <br />described property may be so regulated by the City of Orono and agree <br />to the filing of a copy of this resolution in the chain of title to <br />the property. <br />David J. Delaney <br />President, First National Bank of <br />Navarre <br />STATE OF MINNESOTA ) <br />Ss. <br />COUNTY OF HENNEnIN ) <br />The foregoing instrument was acknowledged before me this <br />day of _ 1982, by <br />Nctary Publl.c <br />%� Page 5 of 5 <br />