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Part 2
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Vol. 2- City of Santa Ana Financing Authority (Police Administration and Holding Facility)
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Part 2
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Section 5.5 CHECKS, DRAFTS, ETC. All checks, drafts or <br /> ( ' other orders for payment of money, notes or other evidences of <br /> indebtedness, issued in the name of or payable to the <br /> Corporation, shall be signed or endorsed by such person or <br /> persons and in such manner as, from time to time, shall be <br /> determined by resolution of the Board of Directors. <br /> Section 5.6 CONTRACTS, ETC. , HOW EXECUTED. The Board <br /> of Directors, except as otherwise provided in these Bylaws, may <br /> authorize any officer or officers, agent or agents, to enter into <br /> any contract or execute any instrument in the name of and on <br /> behalf of the Corporation, and such authority may be general or <br /> confined to specific instances; and, unless so authorized or <br /> ratified by the Board of Directors or within the agency power of <br /> an officer, no officer, agent or employee shall have any power or <br /> authority to bind the corporation by any contract or engagement <br /> or to pledge its credit or to render it liable for any purpose or <br /> to any amount. <br /> Section 5.7 CERTIFICATES FOR SHARES. Every holder of <br /> shares in the Corporation shall be entitled to have a certificate <br /> signed in the name of the Corporation by the President or a Vice <br /> President and by the Chief Financial Officer or an Assistant <br /> Treasurer or the Secretary or any Assistant Secretary, certifying <br /> the number of shares and the class or series of shares owned by <br /> the shareholder. Any of the signatures on the certificate may be <br /> a facsimile. In case any officer, transfer agent or registrar <br /> who has signed or whose facsimile signature has been placed upon <br /> a certificate shall have ceased to be such officer, transfer <br /> agent or registrar before such certificate is issued, it may be <br /> issued by the Corporation with the same effect as if such person <br /> were an officer, transfer agent or registrar at the date of <br /> issue. <br /> Section 5.8 STATEMENTS ON CERTIFICATE FOR SHARES. Any <br /> such certificate shall also contain such legend or other <br /> statement as may be required by law, by these Bylaws or by any <br /> agreement between the Corporation and the issuee thereof. <br /> Section 5.9 LOST, STOT,FN OR DESTROYED CERTIFICATES . No <br /> new certificates for shares shall be issued to replace an old <br /> certificate unless the latter is surrendered and cancelled at the <br /> sane time; provided, however, that the Board of Directors or the <br /> President may, however, in case any certificate for shares is <br /> lost, stolen, mutilated or destroyed, authorize the issuance of a <br /> new certificate in lieu thereof, upon such terms and conditions, <br /> including reasonable indemnification of the Corporation, as the <br /> Board of Directors or the President shall determine. In the <br /> event of the issuance of a new certificate, the rights and <br /> liabilities of the Corporation, and of the holders of the old and <br /> r - new certificates, shall be governed by the provisions of Sections <br /> 1{f 8104 and 8405 of the California Commercial Code. <br /> 19 <br />
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