02-28-07 Meeting of the La Porte Redevelopment Authority minutes

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ANNEX I RESOLUTIONS RESOL YED, that this Bank shall secure all deposits of LA PORTE REDEVELOPMENT AUTHORITY (the "Depositor") in excess of amounts insured by the Federal Deposit Insurance Corporation ("Excess Funds") on deposit with the Bank at any time in whatever amount; and further RESOL YED, in regard to the above referenced deposits, that the Chairman of the Board of Directors, President, any Executive Vice President, any Vice President, any Assistant Vice President, or any other officer of the Bank is hereby authorized and directed to execute for and on behalf of the Bank the following documents, it being further agreed that the execution of any of the same prior to the adoption of these resolutions is hereby ratified, confirmed and adopted: 1. An Amended and Restated Public Funds Depositor Collateral Security Agreement (the "Collateral Security Agreement") in favor of the Depositor, covering the Collateral described therein; 2. Such other and further documents as may be deemed necessary or desirable by such officer or as required by the Depositor in regard to the securing of the Excess Funds; and further RESOLVED, that the officers executing any of the above described documents are hereby authorized and empowered to do and perform any and all actions required by the terms and provisions of same to execute the same in the name and on behalf of the Bank, in such number of counterparts as the officer or officers executing the same shall deem necessary or desirable, with such terms, conditions, modifications, changes and provisions as the officer or officers executing the same may approve, the execution of such documents to evidence approval of the terms thereof conclusively; and further RESOL YED, that any and all instruments executed and delivered on behalf of the Bank in connection with these resolutions by any person purporting to be an officer of the Bank shall be deemed to be the act of the Bank and shaH be in all respects bind1ng agamst tlie BanR;ai1d fiiftlier- RESOLVED, that all actions of all officers, agents or other representatives ofthe Bank taken or performed up to the date hereof in respect to the preparation, execution and delivery of the documents, certificates or other instruments contemplated hereby, and the taking prior to the date hereof of any and all actions otherwise required by the terms and provisions of the above referenced documents, be, and they hereby are, in all respects approved, ratified and confirmed; and further RESOLVED, that this approval is intended to comply in all respects with the requirements of applicable statutory law relating to insurance of accounts including specifically, but without limitation, the requirements of 12 U.S.c.A. SS 1821(d)(9)(A) and 1823(e); and further RESOLVED, that any deposit agreements between Bank and Depositor and/or the Collateral Security Agreement are all intended to be, and shall be deemed to be, official records of the Bank; and further RESOL YED, that any deposit agreements between Bank and Depositor, the Collateral Security Agreement and these Resolutions shall be continuously maintained in the business records ofthe Bank. REV. 03-05 - - - - - - - - - - - - - - - - - -