Common use of Authorization By Board Clause in Contracts

Authorization By Board. The obligations set forth in this Agreement as having been made by the Corporation have been made by the Board of Directors, acting as such Directors for and on behalf of the Corporation, pursuant to the authority vested in them under the laws of the State of Maryland, the Articles of Incorporation and the By-Laws of the Corporation. This Agreement has been executed by Officers of the Corporation as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Corporation.

Appears in 3 contracts

Samples: Form of Custody Agreement (Millennium Rhim Funds Inc), Custody Agreement (Fleming Capital Mutual Fund Group Inc), Custody Agreement (Fleming Capital Mutual Fund Group Inc)

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Authorization By Board. The obligations set forth in this Agreement as having been made by the Corporation Company have been made by the Board of Directors, acting as such Directors for and on behalf of the CorporationCompany, pursuant to the authority vested in them under the laws of the State of Maryland, the Articles of Incorporation and the By-Laws of the CorporationCompany. This Agreement has been executed by Officers of the Corporation Company as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the CorporationCompany and then only to the extent of the assets of the Company.

Appears in 1 contract

Samples: Custody Agreement (Conseco Stock Car Stocks Mutual Fund Inc)

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Authorization By Board. The obligations set forth in this Agreement as having been made by which shall apply the Corporation have been made authorized by the Board of DirectorsDirectors of the Corporation , acting as such Directors such, for and on behalf of the Corporation, pursuant to the authority vested in them under the laws of the State of Maryland, Maryland as well as the Articles of Incorporation and the By-Laws of the Corporation. This Agreement has been executed by Officers of the Corporation in their capacities as officerssuch, and not individually, and it being understood that the obligations contained set forth herein are not binding upon any of the Directorsdirectors, Officersofficers, agents or holders of shares, personally, but bind only the Corporation and then only to the extent of the assets of a particular series of the Corporation.

Appears in 1 contract

Samples: Custody Agreement (Our Street Funds, Inc.)

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