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3/7/2012 7:00:35 AM
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� <br /> i <br /> June 4, 1959 <br /> RESOLVED, that there shall be submitted to the Chairman <br /> of the Board of Directors, the President or any Vice <br /> President of the Corporation for advance authorization <br /> (or approval where a subsidiary is involved), and <br /> such officers are hereby empowered to authorize or <br /> approve on behalf of the Corporation, <br /> (a) all proposed purchases of real estate by <br /> the Corporation or its divisions or its <br /> subsidiaries �nvolving a total consideration <br /> • of $100,000 or less; <br /> (b) all proposed sales of real estate owned <br /> by the Corporation or its divisions or <br /> subsidiaries with a net book value of <br /> $100,000 or less, as certified by the <br /> Comptroller or Assistant Comptroller of <br /> the Corporation, and <br /> (c) all proposed leases of real estate or <br /> equipment by the Corporation or its <br /> divisions or subsidiaries where its <br /> total annual rental is $15,000 or less <br /> and the term is five years or more but <br /> not in excess of ten years. <br /> and such officers are further authorized to execute <br /> and deliver on behalf of the Corporation contracts, <br /> deeds, leases and all other instruments required <br /> to be executed and delivered by the Corporation in <br /> order to effectuate the above transactions. <br /> I further certify that said resolutions have not since been <br /> rescinded or amended, and are now in full force and effect. <br /> I further certify that 0. E. Swain is a Vice President of the <br /> Corporation and that K. B. Fishpaw is the Comptroller of the <br /> Corporation. <br /> � � � � � � � � � � � � �� <br /> � <br /> ��� <br /> � � � ,�. <br /> r � <br /> . � . . � . . � �Y`Y <br /> . . . . . . � .. . .��. <br /> � . . .. . ' ��� t; . �� �,. <br /> .`F�'^"^..^ _ _ _ __ _.�;–�v—• $��.: � : H��S/..,r.L <br /> i. ,1._ ._ . .�.---• <br /> . ✓ y,..� ,e�n ..: . . _. <br /> -,}. a�i '`k� ..$1t^ <br />
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