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Authority of partnership to open deposit account

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Authority of partnership to open deposit account. The undersigned desire to establish a deposit and checking account in the name of _________, and we certify that the name is a trade name of our firm which we are using in the conduct of an unincorporated business owned entirely by the undersigned as copartners. We have agreed that checks and orders for the payment of money withdrawing funds from the account may be signed in the name of the firm by any one of the following: _________. Each of the above-named is authorized to sign on behalf of the firm and in its name checks, drafts, notes, bills of exchange, acceptances, or other orders for the payment of money from the account, and to endorse checks, notes, bills, certificates of deposit or other instruments, owned or held by the firm, for deposit in the account, or for collection or discount. The endorsement may be made in writing or by a stamp without designation of the person endorsing. Each of the abovenamed is authorized to accept drafts, acceptances and other instruments payable at any of bank's branch offices and to waive presentment, demand, protest and notice of protest or dishonor of any check, note, bill, draft or other instrument made, drawn or endorsed by or on behalf of the firm. Bank is authorized and requested to honor, receive, certify or pay and charge to the account, checks, obligations and orders for the payment of money signed in the name of the firm by any one of the above-named, even though they are drawn or endorsed to the order of the signer or tendered by him or her for cashing, or in payment of his or her individual obligation or for deposit to his or her personal account. Bank shall not be required or be under any obligation to inquire as to the circumstances of the issuance or use of any instrument so signed or the application or disposition of the instrument or the proceeds. Bank is authorized and requested to receive deposits and conduct the account in accordance with the instructions and as stated on the signature card executed and filed with bank by all or any one of the undersigned. If any other persons become interested in the business as copartners of the undersigned or our relations are altered in any way, or if the business shall become incorporated, the undersigned will notify bank promptly. Notwithstanding any modification or termination of the power of any of the above-named to represent the firm, whether by expiration of the partnership agreement, by death or retirement of any partner, or the accession of one or more new partners, or otherwise, and notwithstanding any other notice bank may receive, this authority shall continue binding upon each of the undersigned individually and upon our legal representatives, and upon the firm and its successors, until written notice to the contrary, signed by one of the undersigned or on his or her behalf by a duly authorized agent or representative, is received by bank. The rights evidenced by or contained in this certificate of authority are in addition to and not in limitation of the rights inherent in a partner. (Signatures)

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