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

Fri Oct 4 10:34:07 EDT 2024

Aye --gmc

On Fri, Oct 4, 2024 at 10:11 AM ECDI Coordinator via Board <
board at list.evergreen-ils.org> wrote:

> 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
>> <https://urldefense.proofpoint.com/v2/url?u=https-3A__support.sparkpa.org_&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=hkUaV5oeez5hwc81VrmIUg&m=yeJpZq9ICP8D0WZOcevhY-qy3ZLBl0j1pB7POmeiRGRX_xOi7c0BFyw86R_XalHv&s=JYuk-In73la0Joi71wWFacK-2yzDbYSbUkO37rTwaHE&e=>
>> | support at sparkpa.org
>>
>>
>>
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-- 
Galen Charlton
Implementation and IT Manager
Equinox Open Library Initiative
gmc at equinoxOLI.org
https://www.equinoxOLI.org
phone: 877-OPEN-ILS (673-6457)
direct: 770-709-5581
<http://evergreen-ils.org>
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