RES-05-2011: Bank Account Signatories

RESOLUTION NO. 2
Series of 2011

A RESOLUTION AUTHORIZING THE OFFICERS AND MEMBERS OF THE BOARD OF TRUSTEES AS AUTHORIZED SIGNATORIES IN ANY TRANSACTIONS IN LAND BANK OF THE PHILIPPINES, CLSU COMPOUND, BANTUG, SCIENCE CITY OF MU�#39;OZ BRANCH.

WHEREAS, the officers met last March 5, 2011 at Roseville Heights Clubhouse;

WHEREAS, on motion of Mr. Elito V. Circa, President, the association needs to open an account to deposit monthly dues, fees collected and other income generating projects and duly seconded by Mr. Jack Kristian E. Figueroa, Board Treasurer;

WHEREAS, the Board of Trustees agreed to open a Corporate Account at the LAND BANK OF THE PHILIPPINES, CLSU Compound, Bantug, Science City of Muñoz Branch, Nueva Ecija;

WHEREAS, resolve, as it is hereby resolved to authorize the assigned Directors based on the amount to be withdrawn as mention below as the authorized signatories in any transactions in LAND BANK OF THE PHILIPPINES;

WHEREAS, be it resolved that the Depositors will be indicated and signed by following;

a) P1,000 below per month will be signed by
[(President or Vice-President or Financial Allocation Officer) and the Board Treasurer]
b) P1,000 to P4,999 per month will be signed by
[(President or Financial Allocation Officer) and the Board Treasurer]
c) P5,000 to P9,999 monthly will be signed by
(President and Financial Allocation Officer and the Board Treasurer)
d) P10,000 to P49,999 per month will be signed by
(President and Vice-President and Financial Allocation Officer and the Board Treasurer)
e) P50,000 and above per month will be signed by
Nine (9) members from Board of Trustees and Board of Directors

RESOLVED, further that copies of this resolution should furnish the LAND BANK OF THE PHILIPPINES, Munoz Branch.

APPROVED UNANIMOUSLY, March 5, 2011




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