HomeMy WebLinkAbout0977 is authorized from time to time to execute in
beha3i af this corgoration the corporation's
constzuction loan notes ~o the order of The First
National Bank o£ Miami in the amount of such
borrowings, such notes to be p ayable at such times
and to bear such legal rates o= interest as may be
agreed upon between The First Natianal Bank of Miami
and any one of the foregoing persons acting in behalf
of the corporation.
~SQLVED FURTHER that tG secure these borrowings
and notes, ar,y one of ~hz following:
CF.ARLES H, KELLSTADT Chairman of the Board ot
Directors and President
W, H. KYLE Financial Vice President
and Treasurer
ROBERT S. WASHBUR~'~I Secretary
ROBERT L. SEELEY Assistant Secretary
G•: . C. BE VAN , JR ,
is au~horized from time to time to execute construction
loan ::.~rtr~a~es on the corporation's proper~ies being
improved ~•~itn the borrowed funds in which The First
i~a~ional Bank of Miami is the mortgagee and the
corporation is the mortgagor. •
R~.SOLVE~ that any one of the following:
CriI~~,ES h. KELLSTaDT Chairman of the Board of
Directors and President .
~V, H, KyLE Financial. Vice Pzesident
and Treasurer
ROBvRT S . ~•YASHBURN Secretary
ROB~RT L. S~.ELEY Assistant Secretary
w. c, syvx~, ~x.
is further authorized fram ~ime to time to execu~e
~ ir. behal~ o~ the Corporation any and all other instru-
~ ments, ~Q take any and a1.1 actions and to do any and
all other things necessary or incidental to the c].osing
a~ such construction l.oan transactions wi~h The Fa.rst
~1'a~ional Bank 4f Miami; and any one of the toregoing
per5ons is further authorized to execute in behalf of
the corporation any and all extension agree;nents that rnay
be necessary or required in connectian wi~h such loans.
aQ~K ~28 3 ~8