Common use of Checks and Notes Clause in Contracts

Checks and Notes. All checks and drafts on the Corporation’s bank accounts and all bills of exchange and promissory notes, and all acceptances, obligations and other instruments for the payment of money, shall be signed by such officer or officers or agent or agents as shall be thereunto authorized from time to time by the Board of Directors.

Checks and Notes. All checks and drafts on the Corporation’s bank accounts and of the Corporation, all bills of exchange and promissory notesnotes of the Corporation, and all acceptances, obligations and other instruments for the payment of moneymoney drawn, signed or accepted by the Corporation, shall be signed or accepted, as the case may be, by such officer or officers or officers, agent or agents as shall be thereunto authorized from time to time by the Board of DirectorsDirectors or by officers of the Corporation designated by the Board of Directors to make such authorization.