Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 32]

EXTRACTED TEXT FROM PAGE:

1980]

UNIVERSITY OF ILLINOIS

21

whose signatures shall be duly certified to said Bank, and that no checks, drafts, notes or orders drawn against said Bank shall be valid unless so signed. Be It Further Resolved, that said Bank is hereby authorized and directed to honor and pay any checks, drafts, notes or orders so drawn, whether such checks, drafts, notes or orders be payable to the order of any such person signing and/or countersigning said checks, drafts, notes or orders, or any of such persons in their individual capacities or not, and whether such checks, drafts, notes or orders are deposited to the individual credit of the person so signing a n d / o r countersigning said checks, drafts, notes or orders, or to the individual credit of any of the other officers or not. This resolution shall continue in force and said Bank may consider the facts concerning the holders of said offices, respectively, and their signatures to be and continue as set forth in the certificate of the Secretary or Assistant Secretary, accompanying a copy of this resolution when delivered to said Bank or in any similar subsequent certificate, until written notice to the contrary is duly served on said bank.

Corporate Resolution — Depository

Be It Resolved, that the following: T h e Comptroller and the Secretary of this corporation be and hereby are authorized: T o execute and deliver on behalf of this corporation a VISA MerchantMerchant Financial Institution Agreement between this corporation, T h e Board of Trustees of the University of Illinois, and Bank of Illinois, Champaign, Illinois, and VISA Division, The First National Bank of Chicago (VISA Division), and supplemental agreements amending or revising such Agreement from time to time; and To deliver for credit, in accordance with the terms of such Agreement and any supplemental agreements thereto (such Agreement and supplemental agreements being hereafter referred to as the "Agreement"), such sales slips as are executed and delivered to the corporation as payment for merchandise and/or services sold through the use of VISA Charge Cards; to execute and deliver credit slips in accordance with the terms of the Agreement; and to pay any amounts payable by this corporation under the terms of the Agreement; and T o pay all fees imposed upon this corporation as a condition of becoming or continuing as a participant in the VISA System Plan through The First National Bank of Chicago, and to perform all acts and execute and deliver all such other instruments or documents which First National Bank of Chicago (VISA Division) or Depository may deem necessary to carry out the purposes and intent of the Agreement and these Resolutions; and Be It Further Resolved, that the Secretary or any other officer of this corporation be and hereby is authorized to certify to The First National Bank of Chicago (VISA Division) and Depository a copy of these resolutions and the names and signatures of this corporation's officers or employees hereby authorized to act in the premises, and The First National Bank of Chicago (VISA Division) and Depository each is hereby authorized to rely upon such certificate until formally advised by a like certificate of any changes therein, and upon any such additional certificates.

Corporate Resolution — Depository

Be It Resolved, that the following: T h e Comptroller and the Secretary of this corporation be and hereby are authorized: T o execute and deliver on behalf of this corporation a Master Charge Merchant-Merchant Financial Institution Agreement between this corporation, The Board of Trustees of the University of Illinois, and Bank of Illinois, Champaign, Illinois, and Master Charge Division, The First National Bank of Chicago (Master