Common use of ELECTRONIC FUNDS TRANSFER SYSTEMS Clause in Contracts

ELECTRONIC FUNDS TRANSFER SYSTEMS. RESOLVED, that the Company is authorized to enter into agreements to use electronic funds transfer systems which will be used to transfer funds on behalf of or for the benefit of the Company, provided that approval of those agreements is in writing signed by two of the following: (i) one of either the President or the Treasurer, and (ii) another of the foregoing or any Assistant Treasurer (other than the Assistant Treasurer, Insurance); and that those electronic funds transfer systems are operated as otherwise provided in these resolutions.