A RESOLUTION AUTHORIZING THE TOWN MANAGER TO SIGN, ACT, PERFORM TRANSACTIONS, AND FULFILL OUTSTANDING BANKING OBLIGATIONS ON BEHALF OF THE TOWN OF CHAPEL HILL (2006-10-23/R-6)

A RESOLUTION AUTHORIZING THE TOWN MANAGER TO sign, act, perform transactions, and FULFILL OUTSTANDING BANKING OBLIGATIONS on behalf of the Town of Chapel Hill (2006-10-23/R-6)

WHEREAS, the Town of Chapel Hill wishes to continue to receive banking services; and

WHEREAS, the Town has a new Town Manager who is not a party to the current banking agreements;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Town Manager, Roger L. Stancil, is hereby authorized to sign, act, perform transactions, and otherwise fulfill the requirements of outstanding banking obligations on behalf of the Town of Chapel Hill.

This is the 23^rd day of October, 2006.