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. .�-'-� ..w�r.w����. ._----_._. _.. <br /> � <br /> � ' �1 � � ' �•- r' <br /> l <br /> "- roval of Pledge Agree�nents wi.th Govazam�atal A�9ana3.ea <br /> yPgEREAS, 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, aqreements on or as of the dates indicated, if any, <br /> pursuant to which this Association has pledged or will pledge <br /> collateral to secure its obligations to repay such deposits: <br /> City of R�dwood City <br /> December 10, 2003 <br /> WH�REAS, in order to satisfy one of the requirements <br /> for the enforceability against the Fedexal Deposit Insurance <br /> Corporation of a pledge of collateral established by the Federal <br /> Deposit Insurance Act, codified at 12 U.S.C. �1823 (e) , the Board <br /> of Directors of this Asaociation by resolution adopted July 21, <br /> 1999, delegated to this Commi.ttee the authority to approve the <br /> terms of such pledge agreements and re].ated documents on behalf <br /> of the Board of Directors; ' <br /> WHEREAS, such pledge agreements and related documents . <br /> have been submitted to this Commititee and axe attached hereto; <br /> and <br /> �TSER8A8, this Consent, the pledge agreements• and . <br /> • related documants attached hereto are part of the minutes of this <br /> Committee, and such pledge agreements and re].ated documents, <br /> includinq any additional resolutions included therein, have been, <br /> continuously from the time of their execution, official records <br /> of this Association; <br /> NOW, THEREFORE, SE IT 1tE$OLVED, that this Committee, <br /> having reviewed the pledge ag�eements and related documents <br /> attached hereto, including any� additional resolutions included <br /> -therein, and acting on behalf of the Board of Directors, hereby <br /> authorizes, approves and ratifies the terms and conditions•o� <br /> such agreements and related documents as well as the execution <br /> and delivery thereof. <br /> ATTY/AGR/2016.786/WELLS FARGO BANKING AGREEMENT <br /> 6:\LIWDEPTICORB0A11T6�8INGLBY\C�lTB\RE80LYli8\1FBK1AN00lI.DOC <br />