[Board] Please vote! RE: TEP board - e-vote requested on motion to open accounts

Fri Oct 4 10:11:01 EDT 2024

I also vote aye!

*Ruth Frasur Davis, Coordinator*
*Evergreen Community Development Initiative*
https://evergreencdi.org
(650) 265-1193

On Fri, Oct 4, 2024 at 9:10 AM Katie Greenleaf Martin <kgm at sparkpa.org>
wrote:

> Thanks Ruth!
>
> I would like to be first to vote Aye 😊
>
>
>
> Happy Friday folks –
>
> Katie
>
>
>
> *From:* ECDI Coordinator <coordinator at evergreencdi.org>
> *Sent:* Thursday, October 3, 2024 6:00 PM
> *To:* Katie Greenleaf Martin <kgm at sparkpa.org>
> *Cc:* Tiffany Little via Board <board at list.evergreen-ils.org>
> *Subject:* Re: [Board] TEP board - e-vote requested on motion to open
> accounts
>
>
>
> Katie,
>
>
>
> I'll second this motion.
>
>
>
> *Ruth Frasur Davis, Coordinator*
>
> *Evergreen Community Development Initiative*
>
> https://evergreencdi.org
> <https://urldefense.proofpoint.com/v2/url?u=https-3A__evergreencdi.org&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=hkUaV5oeez5hwc81VrmIUg&m=yeJpZq9ICP8D0WZOcevhY-qy3ZLBl0j1pB7POmeiRGRX_xOi7c0BFyw86R_XalHv&s=N8sNu6bzGPN7XAz9EHG_GCw61x_ili9hEDudip5DhNA&e=>
>
> (650) 265-1193
>
>
>
>
>
> On Thu, Oct 3, 2024 at 4:47 PM Katie Greenleaf Martin via Board <
> board at list.evergreen-ils.org> wrote:
>
> Hello TEP board folks : as we discussed at our last meeting, I have begun
> the process of opening the investment accounts based on our newly-adopted
> investment policy. I am working with First Internet Bank to get the
> accounts set up, and they have a standard resolution that they ask
> nonprofits to adopt upon account opening, which is the last thing we need
> to finalize the money market account (and then once that is set up, the
> Finance Committee will work with me and Galen to choose appropriate CDs for
> purchase per the investment plan according to current terms and rates).
>
> *I am making a* *motion to adopt the following resolution for BOTH this
> account and one or more Certificates of Deposit, as determined by the
> Finance Committee. *
>
> *Feel free to weigh in and/or offer a second on the motion so that voting
> can begin.*  I would ideally like to get all the paperwork to the bank
> early next week 😊
>
> Katie
>
>
>
> The Corporation named on this resolution [The Evergreen Project] resolves
> that,
>
> 1. The Financial Institution is designated as a depository for the funds
> of the Corporation and to provide other financial accommodations indicated
> in this resolution.
>
> 2. This resolution shall continue to have effect until express written
> notice of its rescission or modification has been received and recorded by
> the Financial Institution. Any and all prior resolutions adopted by the
> Board of Directors of the Corporation and certified to the Financial
> Institution as governing the operation of this corporations account(s), are
> in full force and effect until the Financial Institution receives and
> acknowledges an express written notice of its revocation, modification or
> replacement. Any revocation, modification or replacement of a resolution
> must be accompanied by documentation, satisfactory to the Financial
> Institution, establishing the authority for the changes.
>
> 3. The signature of an Agent on this resolution is conclusive evidence of
> their authority to act on behalf of the Corporation. Any Agent, so long as
> they act in a representative capacity as agents of the Corporation, is
> authorized to make any and all other contracts, agreements, stipulations
> and orders which they may deem advisable for the effective exercise of the
> powers indicated on page one, from time to time with the Financial
> Institution, subject to any restrictions on this resolution or otherwise
> agreed to in writing.
>
> 4. All transactions, if any, with respect to any deposits, withdrawals,
> rediscounts and borrowings by or on behalf of the Corporation with the
> Financial Institution prior to the adoption of this resolution are hereby
> ratified, approved and confirmed.
>
> 5. The Corporation agrees to the terms and conditions of any account
> agreement, properly opened by any Agent of the Corporation. The Corporation
> authorizes the Financial Institution, at any time, to charge the
> Corporation for all checks, drafts, or other orders, for the payment of
> money, that are drawn on the Financial Institution, so long as they contain
> the required number of signatures for this purpose.
>
> 6. The Corporation acknowledges and agrees that the Financial Institution
> may furnish at its discretion automated access devices to Agents of the
> Corporation to facilitate those powers authorized by this resolution or
> other resolutions in effect at the time of issuance. The term “automated
> access device” includes, but is not limited to, credit cards, automated
> teller machines (ATM), and debit cards.
>
> 7. The Corporation acknowledges and agrees that the Financial Institution
> may rely on alternative signature and verification codes issued to or
> obtained from the Agent named on this resolution. The term “alternative
> signature and verification codes” includes, but is not limited to,
> facsimile signatures on file with the Financial Institution, personal
> identification numbers (PIN), and digital signatures. If a facsimile
> signature specimen has been provided on this resolution, (or that are filed
> separately by the Corporation with the Financial Institution from time to
> time) the Financial Institution is authorized to treat the facsimile
> signature as the signature of the Agent(s) regardless of by whom or by what
> means the facsimile signature may have been affixed so long as it resembles
> the facsimile signature on file. The Corporation authorizes each Agent to
> have custody of the Corporation’s private key used to create a digital
> signature and to request issuance of a certificate listing the
> corresponding public key. The Financial Institution shall have no
> responsibility or liability for unauthorized use of alternative signature
> and verification codes unless otherwise agreed in writing.
>
>
>
>
>
>
>
> *Katie Greenleaf Martin *(she/her), *Executive Director*
>
> *Pennsylvania Integrated Library System (PaILS) | SPARK*
>
> (717) 873-9461 | kgm at sparkpa.org
> support.sparkpa.org
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> | support at sparkpa.org
>
>
>
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