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(c) to mortgage, hypothecate, charge or pledge, or give security under the Bank Act or otherwise
create a security interest in all or any of the property, real and personal, immoveable and moveable,
undertaking and rights of the Corporation, owned or subsequently acquired to secure all or any money
borrowed or to be borrowed from the Bank, or obligations or liabilities of the Corporation, present or
future, to the Bank, the nature and form of any such security and the rights, powers and authorities
exercisable by the Bank or any person or persons thereunder or in respect thereof to be satisfactory to the

Bank;

(d) to sign or execute, under the corporate seal or otherwise, and deliver all such assignments,
transfers, conveyances, hypothecs, mortgages, charges, pledges, security under the Bank Act or other
security, notices of intention to give security under section 178 of the Bank Act, promises to give security
under the Bank Act, agreements, deeds, releases, discharges and other documents and writings as the
officer(s) or persons(s) mentioned above in their/his/her discretion may consider necessary or useful in
connection with the Corporation's business with the Bank or as the Bank may request;

(e) generally to exercise all rights, powers and authorities which the Councillors might or could
exercise under the authority of the Corporation's Charter or Articles and Bylaws or Articles and
Memorandum of Association and the laws goveming the Corporation.

(£) to receive from the Bank, and where applicable provide receipt for, all statements of account,
pass-books, cheques and other debit vouchers, unpaid and unaccepted bills of exchange and other

negotiable instruments and delegate such authority to one or more other persons.

3. THAT any one of the officer(s) or person(s) mentioned above is/are authorized on behalf of the
Corporation to negotiate with, deposit with or transfer to the Bank, (but for credit of the Corporation's
account(s) only) all and any cheques, promissory notes, bills of exchange or other negotiable instruments,
and orders for the payment of money and for the said purpose to draw, make sign, endorse (by rubber
stamp or otherwise) all or any of the foregoing, and every such signature or stamping shall be binding

upon the Corporation and is/are authorized to delegate such authority to one or more other persons.

4, THAT the Bank is authorized without inquiry to honour and to pay any or all cheques or other
instruments duly signed for the Corporation by its authorized signing officer(s), drawn to the individual
order of any officer(s) signing the same, whether encashed, tendered in payment of the individual's
obligation or deposited to the credit of any such officer(s), and the Bank is held harmless and indemnified
by reason of such action. The Corporation authorizes the Bank to give to, receive from, share and
exchange with others, including credit bureaux and persons with whom the Corporation has or may have
financial dealings, credit and other information about the Corporation.

5. THAT all resolutions (if any) as to banker and signing officer(s) passed by the Municipal Council
of the Corporation previous to this resolution are repealed effective November 30th 1992.

6. THAT the operation of each account which the Corporation now or hereafter has with the Bank at
any of its branches or agencies and the carrying on of other banking business by the Corporation with the
Bank at any of its branches or agencies shall be subject to the following terms and conditions, which
terms and conditions in a copy of this resolution certified by an authorized officer of the Corporation

shall constitute a duly executed Operation of Account Agreement between the Corporation and the Bank
to which the Corporation agrees and is bound, ,