Check Signing Resolution (July 2001)

The undersigned, being an officer of The Tanglegrove Townhouse Association (the “Association”), certifies that the following resolution was adopted by not less than a majority of the Board of Managers of the Association, at a meeting duly called and held for that purpose on July 24, 2001 at which a quorum was at all times present.

WHEREAS, the Board of Managers of the Association desires to adopt a policy relating to the check signing policy.

BE IT RESOLVED, that all checks in the amount of $250.00 or greater must be signed by at least one authorized Board member.

(See Monthly Board Meeting Minutes dated July 24, 2001)

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