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f}ulf oil Real Estate Develo nt . `
At a regular meeting of the Board of Directors of ~
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Com~any:_ a De2axare_ cor~oration having a plaos of business at f
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Restons Virglnis heldyn the offioe of the oorporation, a quorum }
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being present, the following ~esolution wss adopted. ~
~hPYP~B~ it is highly desirable that the officers of this torporation should from time to
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tims, be able to borrow sums of money on~M[behalf:of flutchinson Island Limfted
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(1) That any one of the executive officers, thai is the President o~ Vioe-P~esident, of this
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oorporation are and each of them i: hereby authoriud ta borrow from time to time, on bs- ;
as General Partner af Hutchinson Island Limited Partnership
half of this oorporation/from Firat Federal Savings and loan Association of Fort Pierce, Florida,
such sums of money, for such times and upon such terms as may to them or any of them saem
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advisable, and, with the attesting officer, being either the Secretary or Assi:tant~ecretary, to exa
as General Partner of Hutchinson Island Limited Partnership
! cute promissory notes and mortgages aa~ordingly in the name of this corporatiory/4o evidence and ~
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~ secure such ioans. ~
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~ (2) That the foregoing powers shall oontinue until exp~ess notice of their revocation has
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~ been duly given to said First Federol Savings and loan Association of Fort Pierce.
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~ A true copy from the Minutes.
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~ ATTEST: ' - ~ ~
~ ~ Robert T. Craig, Senior Vice s~dent
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. •This _ ~ ~ . 1~.,, of - - Nav~mber A.D. 197~_ . t
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