Res# 07-2014 To Open Checking Bank Account

RESOLUTION NO. 7 Series of 2014

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 15, 2014 at President Residence, Roseville Heights Subd.;

WHEREAS, on motion of Mrs. Mercy L. Mimban Board Treasurer, the association needs to open a checking account to deposit savings and for petty cash and duly seconded by Mr. Oliver O Gaoat, Vice-President;

WHEREAS, the Board of Trustees agreed to open a Corporate Checking 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WHEREAS, resolve, as it is hereby resolved to authorize the assigned Directors based on the amount to be withdrawn as mention below as the authorized signatories in any transactions in LAND BANK OF THE PHILIPPINES;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 to P4,999 will be signed by
1. Elito V. Circa - President
OR
2. OLIVER O. GAOAT - Vice-President
AND
3. MERCY L. MIMBAN - Board Treasurer

b) P5,000 and above will be supported by Board Resolution and check signed by
1. Elito V. Circa - President
AND
2. OLIVER O. GAOAT - Vice-President
AND
3. MERCY L. MIMBAN - Board Treasurer

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

APPROVED UNANIMOUSLY, May 12, 2014




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Roseville Subd., San Jose City
Sto. Tomas, Nueva Ecija, Philippines
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