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, • � , , �., �. <br /> A�t�roval of Pledge Agreements with Goverrunental encies <br /> WHEREAS, in connection with the acceptance of de- <br /> posits by this Assaciation from the governmental agencies named <br /> below, this Association has entered into, or proposes to enter <br /> into, agreernents on or as of the dates indicated, if any, <br /> pursuant to which this Association has pJ.edged or will pledge <br /> collateral to secure its obligations to repay such deposits: <br /> City of Redwood City <br /> Decembex 10, 2003 <br /> WHEREA.S, in order to satisfy one af the requirements <br /> for the enforceability against the Fedexal Deposit Insurance <br /> Corporation of a pledge of col�lateral established by the Federal <br /> Deposit Insurance Act, codified at 12 U.S.C. �1823 (e) , the Board <br /> of Directors of this Associatian by resolution adopted July 21, <br /> 1999, delegated to this Cammittee the authoxity ta approve the <br /> terms of such pledge agreements and re].ated documents on behalf <br /> of the Board af Directors; � <br /> WHEREAS, such pledge aqreements and related documents . <br /> have been submitted to this Committee and axe attached hereto; <br /> and <br /> WHEREAS, this Consent, the pledge aqreements� and <br /> � relat.ed documents at�ached hereto are part of the mi.nutes o� this <br /> Committee, and such pledge aqreements and related documents, <br /> including any additianal resolutions incl.uded therein, have been, <br /> continuously from the time of their execution, official records <br /> af this Assoaiatian; <br /> NOLQ, THEREFORE, BE IT RESOLVED, that this Committee, <br /> having reviewed the pledge agreeinents and related documents <br /> attached hexeto, including any� additional resolutions included <br /> therein, and acting on behalf of the Board of Directars, hereby <br /> authorizes, approves and ratifies the terms and conditions •o� <br /> such agreements and related dacurnents as we11 as the execution <br /> and delivery thereof. <br /> G;\LRWDEP7'\CORPOAAT8�3ING7.&Y\CERT3\RBSOLTN3\AFBKLONCOM.DOC <br />