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2012-05-16_GENERAL DOCUMENTS - M2010047
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2012-05-16_GENERAL DOCUMENTS - M2010047
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Last modified
8/24/2016 4:57:44 PM
Creation date
5/16/2012 3:41:02 PM
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DRMS Permit Index
Permit No
M2010047
IBM Index Class Name
GENERAL DOCUMENTS
Doc Date
5/16/2012
Doc Name
AUTHORITY TO SIGN
From
MILLLER FAMILY INVESTMENTS
To
DRMS
Email Name
PSH
MAC
TAK
Media Type
D
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No
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A �+ <br />><.( s U <br />IX. <br />MANAGEMENT DUTIES AND RESTRICTIONS <br />X. <br />BANKING <br />A. No member shall, without the consent of the LLC, endorse any note or act as an <br />accommodation party, or otherwise become surety for any person in any transaction involved in the <br />LLC. Without the consent of the LLC, no member shall on behalf of the LLC borrow or lend money, or <br />make, deliver or accept any commercial paper, or execute any mortgage, security agreement, bond, or <br />lease, or purchase or contract to purchase, or sell or contract to sell any property for or of the LLC. No <br />member shall, except with the consent of the LLC, mortgage, grant a security interest in its share in the <br />LLC or in the LLC capital assets or property, or do any act detrimental to the best interests of the LLC <br />or which would make it impossible to carry on the ordinary purpose of the LLC. <br />B. The LLC may from time to time elect to designate one of its members as General Manager <br />for the LLC. Such person so designated shall have authority to execute all instruments in the name of the <br />LLC as required for the operation of day to day business. <br />C. Brady Miller is hereby designated General Manager to act in accord with the provisions of <br />subparagraph "B." of this part. <br />All funds of the LLC shall be deposited in its name in such checking account or accounts as <br />shall be designated by the LLC. All withdrawals therefrom are to be made upon checks which may <br />only be signed by any member of the LLC and Karen S Miller, Office Manager. <br />XI. <br />BOOKS <br />The LLC books shall be maintained at its business office, and each member shall have access <br />thereto. The books shall be kept on a calendar year basis, and shall be closed and balanced at the end of <br />each fiscal year. An audit shall be made as of the closing date, if a request for such audit is made in <br />writing by any member, and mailed or delivered to the other member. Each of the parties to this <br />Agreement hereby covenants and agrees to cause all known business transactions pertaining to the <br />purpose of the LLC, to be entered properly and completely into said books. The LLC will furnish <br />annual financial statements to the members, and prepare tax returns in a timely manner, furnishing <br />copies to all members at least three (3) days before they are filed by the LLC. <br />XII. <br />INSURANCE <br />During the course of the term for which this LLC is formed, the LLC shall carry <br />liability insurance in such amounts as are deemed appropriate by the voting members. <br />XIII. <br />VOLUNTARY TERMINATION <br />The LLC may be dissolved at any time by agreement of all the voting members, in <br />which event the members shall proceed with reasonable promptness to liquidate the LLC. The assets of <br />the LLC shall be sold and distributed in the following order: <br />A. To pay or provide for the payment of all LLC liabilities to creditors other than members, <br />
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