Document EvR809VEDjBnMBqJVjBpn8owb

DANA CORPORATION " -MINUTES OP EXECUTIVE COMMITTEE MEETING A meeting of the' Executive Ccnmittee of the Board of Directors of Dans Corporation vas held at 4100 Bennett Road, Toledo, Ohio, on Wednesday, ' January 8, 1969, at 9:45 o'clock a.m. , . '' . Present: ' . . , Messrs. '. . ,. . ,. ." J. Z. Martin J. R..Miller R. C. McPherson G." B. Mitchell , . , .` ' " . . ' ." constituting the entire Committee. ' ' Mr. Martin presided as Chairman of the meeting and Mr. 1. L. Dodge acted as Secretary of the meeting. . / On notion duly ude and seconded, it vas unanimously RESOLVED, that THE NORTHERN TRUST COMPANY OF CHICAGO, Illinois', he designated a depositary of this Corporation, and it is hereby requested, authorized and directed, until otherwise ordered: , . 1. Funds deposited in this Corporation's name in its Dana Corporation Victor Casket Divisions GENERAL ACCOUNT at Chicago shall be subject to withdrawal on the cheek, draft, note or order of this Corporation signed by any tvo of the following: ' Officers: .' .. Chairman of the Bo^ard ' Vice Chairman of the Board President :' . Any. Vice President '' Treasurer ' ' ' Any Assistant Treasurer Secretary Any Assistant Secretary Controller ' . . -- and funds deposited in its. Dana Corporation Victor Gasket Division, PAYROLL ACCOUNT NO. 1 and PAYROLL ACCOUNT NO. 2 shall be . subject to withdrawal on thecheck, draft, note or order of thisCorporation signed by any one of its above named officers or employees, R. H. BURNS, or D. J. REDA, or funds deposited in such PAYROLL'ACCOUNTS shall also be subject to withdrawal on the check, draft, note or order of this Corporation, bearing or purporting to bear the fac simile signature of any one of its above named officers or employees R. H. BURNS or D. J. REDA, regardless of by whom or by what means the actual or purported facsimile signature thermal may have been affixed thereto, if such facsimile signature resembles the facsimile specimens from time to time filed with THE NORTHERN TRUST COMPANY OF CHICAGO, Illinois, by the Secretary or Treasurer or other officer of this Corporation. 2. That said depositary is hereby authorized to pay such . - checks, drafts, notes or orders, and to receive the same for the credit of or in payment from the payee or any other holder when- so signed, without inquiry as to the circumstances of their Issue or the disposition of the proceeds, whether drawn to the individ ual 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 NORIHERN TRUST COMPANY OF CHICAGO, Illinois, are hereby rescinded. . On notion duly made and seconded. It vas unanimously RESOLVED, that THE NORTHER?TRUST COMPANY OF CHICAGO, Illinois,, be designated a depositary of this Corporation, and it la hereby requested, authorized and directed, until otherwise ordered: - 1. Funds deposited in this Corporation's name in its Dana Corporation Victor Oil Seal Divisions GENERAL ACCOUNT at Chicago shall/be subject to withdrawal, on the check, draft, note or order' of this Corporation signed 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 . . ' ' ,. and funds deposited in its Dana Corporation Victor Oil Seal Division PAYROLL ACCOUNT NO. 1 and PAYROLL ACCOUNT NO. 2 shall be. subject to withdrawal on the check, draft, note or order of-this Corporation signed by any one of its above named officers or employees, B. R. BASILE or B. H. BROWNE, or funds deposited in such PAYROLL ACCOUNTS shall also be subject to withdrawal on the check; draft, note or order of this Corporation, bearing or purporting to bear the facsimile signature of any one of its above named officers or employees, B. Ri BASILE or B. H. BROWNE, regardless of by whom or by what means the actual or purported facsimile signature thereon may have been affixed thereto, if such facsimile signature resembles the facsimile specimens from time to time filed with THE NORTHERN'TRUST COMPANY OF CHICAGO, Illinois, by the Secretary or Treasurer or other officer of this Corporation. 2. That said depositary is hereby authorized to pay such checks, drafts, notes or orders, and to receive the.same for the credit of or in payment from the payee or any other holder when so'Signed, vlthout inquiry as to the circumstances 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 orothar 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 NORTHERN TRUST COMPANY OF CHICAGO, Illinois, are hereby rescinded. On notion duly made and seconded, it was unanimously . RESOLVED, that CCWTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO,' be designated a depositary o this Corporation, and it is hereby requested, authorized and directed until otherwise ordered: . . .. . 1. Fluids deposited in this Corporation's name in its Dana Corporation,' Victor Oil Seal Division, GENERAL ACCOUNT at Chicago . shall be subject to withdrawal on the check, draft, note,or order ' of this Corporation'signed 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 . '' . and funds deposited in its Dana Corporation, Victor Oil Seal Division PAYROLL ACCOUNT shall be subject to withdrawal on the check, draft, note or, order of this Corporation signed by any one of its above named officers or employees, B. R. BASILS or B. H. BROWNE, or funds . deposited in the PAYROLL ACCOUNT shall also be subject to withdrawal on the check, draff, note or order of this Corporation, bearing or purporting to bear the facsimile signature of any one of its above named officers or employees, B. R BASILS or B. H. BROWNE, regardless of by whom or by what means the actual-or purported facsimile signa ture thereon may have been affixed thereto, if such facsimile signa ture resembles the facsimile specimens from time to time filed with CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO by the Secretary or Treasurer or other officer of this Corporation. 2, That said depositary is hereby authorized to pay such cheeks, drafts, notes or orders, and to receive the seme for the credit of dr in peyment from the payee or any other holder when so signed, without inquiry as to the circumstances 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 cheeks, drafts or other orders for the payment of money drawn on said CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY CF CHICAGO are hereby rescinded. On botion duly made and seconded, it was unanimously : RESOLVED, that CONTINENTAL ILLINOIS NATIONAL BANK and TRUST ; COMPANY OF CHICAGO, be designated a depositary of this. Corporation, and it is hereby requested,'authorized and directed, until other- - wise ordered: - ' 1. Funds deposited in this Corporation's name in its Dana Corporation, Victor Gasket Divisions, GENERAL ACCOUNT at Chicago shall he subject to withdrawal on the check, draft, note or order of this Corporation signed 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 and funds deposited in its Dana Corporation, Victor Gasket Divisions PAYROLL ACCOUNT shall be subject to withdrawal on .the check, draft, note or order of this Corporation signed by any one of its above named officers or employees, R. M. BURNS or D. J. REDA, or funds deposited in such PAYROLL ACCOUNT shall also be subject to with drawal on the check, draft, note or.order of this Corporation, bearing or purporting to bear the facsimile signature of any one of its above named officers or employees, R. M. BURNS or D., J. REDA, regardless of by whom or by what means the actual or purported fac simile signature thereon may have been affixed thereto, if such facsimile signature resembles The facsimile specimens from time to time filed with CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO by the Secretary or Treasurer or other officer of this Corporation. ' ' ' '' . 2. That said depositary is hereby authorized to pay such . . checks * drafts, notes or orders, and to receive the tame for the credit of or in payment from the payee or ehy other holder when so signed, without Inquiry as to the circumstances of-their issue or the disposieicn.of the proceeds, whether drawn to the individ ual order of, or tendered in payment of individual obligations of the seld above named persons or other officers of this Corporation or otherwise. r I. i. . 3. All previous .authorizations for the signing and honoring of checks, drafts or other orders for the payment of money dravn. on said CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO are hereby rescinded. \. /; There being so further business, to cone before the neeting, on motion duly made end seconded, the nesting adjourned. Approved: Secretary of the Meeting . I I