Document 3JB4gj0wjj9m71Xry8MrV42BE

p aha corpora t.I ok MINUTES OF MEETING OF BOARD' OF DIRECTORS . .. Aaeeting of the Board of Director* of DANA CORPORATION vas held at 4100 Bennett Road, Toledo, Ohio, on Friday, Kay 16, 1969, at 10:00 o'clock a.a., purauast to due nptice of the-meeting. .' " Present: . - . . ` ' Messrs. '' ' .. . 3i- E. Martin . W. V..Knight, Jr. J. R. Miller D. H.' Teetor R. C. McPherson R. H. Davies G. B. Mitchell '' ' '. ' . ' constituting a majority of the Board.- . Mr. Martin, Chairman of the Board, presided as Chairman of the meeting; Mr . L. L. Dodge, Secretary, acted as Secretary of the meeting. / _ . On notion duly made and seconded, it vat unanimously RESOLVED, that THE TOLEDO TRUST COMPANY, Toledo, Ohio, as a designated depositary of this' Corporation, be and it is hereby requested, authorized and directed until otherwise ordered: - . 1. Funds deposited In this Corporation's name .in'its ' Sana Corporation,' Victor Seal Division, Chicago, Illinois, . GENERAL ACCOUNT, shall be subject to withdraw*! on the check,. draft,, note, or order of this Corporation-sighed by any two of. . the-following: ' ' Officers: -. - .. '. . .... . `- Chairman of the Board Vice Chairman of the Board . .President . -/Any Vice President ,. Treasurer Any Assistant Treasurer " . - .Secretary _. . Any Assistant Secretary ' . Controller . -. '. . . . . . `- Employees: " . . . '. _ -. .. R- T. Glowaeki ' B. H. Browne R. V. Brink J. A; Johnson . J. J. McNeills . . '' ' 2. To pay such checks, drafts, notes or orders, and to receive the same for credit of or in payment from the-payee or any other holder; when so signed, without inquiry as to the cir cumstances of their issue or the disposition of the proceeds, whether drawn to the individual order of or tendered in payment of individual obligations of the said above named persons or other officers of this Corporation, or otherwise. ' '. ** .< * " f. 3. "All previous authorizations for the signing and honoring of.checks, drafts, or other orders for the payment of money drawn on said THE TOLEDO TRUST COMPANY by this Corporation are hereby continued in full force and effect as amplified hereby. 1. Funds deposited' in this Corporation's name is its Dana Corporation, Victor Seal Division, Chicago; Illinois, GENERAL ACCOUNT, shall be subject to vithdraval on the check, . draft, note or order of this Corporation sighed by any tvb-of the following: . ... ' Officers: - ' ' : ' '' -' .. Chairman of the Board - Vice Chairman of the Board President ' Any Vice President . : -Treasurer -Any Assistant Treasurer Secretary Any Assistant Secretary Controller. ' . Employees:' ' : . '. . R. T. Glowacki B. H. Browne . R. V. Brink J. Ai Johnson J. J. McNeills . . .. . 2. To pay such checks, drafts, notes or orders, and to receive the same for credit of or in payment from the payee or any other holder, when so signed, without inquiry as to the cir cumstances of-their issue or the disposition of the proceeds,' whether drawn to the.individual order of or tendered in payment of individual obligations.of the said above named persons or other officers of this Corporation, or otherwise. - . 3* All previous authorizations for the signing and honoring of checks, drafts,;or other orders for the payment of money drawn on said THE TOLEDO TRUST COMPANY by this Corporation are hereby continued in full force and effect as amplified hereby. - - On motion duly made and seconded, it vas unanimously RESOLVED, that CHURUBUSCO STATE BANK, Churubusco, Indiana, be designated a depositary of this Corporation, and it is herebyrequested, authorized and directed, until 'otherwise ordered: . - 1. Funds deposited in this Corporation's name in its Victor Oil Seai Division, Churubusco Plant, PAYROLL ACCOUNT NO. 2 and PAYROLL ACCOUNT NO. 3, shall be subject to withdrawal oa Che. check, draft,'note or order of this Corporation signed by any one of the following: . ' . - Officers: '` . - . Chairman'of the Board . ' Vice Chairman of the Board .. President . Any Vice President , , . `Treasurer ' . Any Assistant Treasurer ' .: . Secretary ' . . Any Assistant Secretary - Controller - . . . Employee: J. A. Johnson or funds deposited in such PAYROLL.ACCOUNTS shall also.be subject to withdrawal on the check, draft, note or order of this Corpora tion, bearing-or purporting to bear the facsimile signature of any one-pf. its above named officers or employee, regardless of by:whom or by what means the actual or purported facsimile sig nature thereon may have been affixed thereto, if .such facsimile signature.resembles the facsimile specimens from time to time filed with CHURUBUSCO STATE BANK by the Secretary or Treasurer or other officer of this Corporation. 2. To pay such-checks, drafts, notes or orders, and to re ceive the same for the credit of or in payment from the payee or any other holder, when so signed, without inquiry as to the cir cumstances of their issue or the disposition of the proceeds,whether drawn to the individual order of, or tendered in payment ` of individual obligations of the said above named persons or ocher officers of this Corporation, or otherwise. - There l>elng no further buslnecs to coaie before the meeting, on motion duly made and seconded, the meeting adjourned. Approved Secretary- o.tbe Meeting