Common use of Corporate Indebtedness Clause in Contracts

Corporate Indebtedness. No loan shall be contracted on behalf of the Corporation, and no evidences of indebtedness shall be issued in its name, unless authorized by the Board of Directors. Such authorizations of the Board may be general or confined to specific instances. Loans authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors shall authorize. When so authorized by the Board of Directors, any part of or all the properties, including contract rights, assets, business or goodwill of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so the Corporation, and of the interest thereon, by instruments executed and delivered in the name of the Corporation.

Corporate Indebtedness. No loan shall be contracted on behalf of the Corporation, and no evidences evidence of indebtedness shall be issued in its name, unless authorized by the Board of DirectorsDirectors or the President. Such authorizations of the Board authorization may be general or confined to specific instances. Loans so authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors or the President shall authorize. When so authorized by the Board of DirectorsDirectors or the President, any part of or all the properties, including contract rights, assets, business or goodwill good will of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so of the Corporation, and of the interest thereon, by instruments executed and delivered in the name of the Corporation.

Corporate Indebtedness. No loan shall be contracted on behalf of the Corporation, and no evidences evidence of indebtedness shall be issued in its name, unless authorized by the Board of Directors. Such authorizations of the Board authorization may be general or confined to specific instances. Loans so authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors shall authorize. When so authorized by the Board of Directors, any part of or all the properties, including contract rights, assets, business or goodwill good will of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so of the Corporation, and of the interest thereon, by instruments executed and delivered in the name of the Corporation.

Corporate Indebtedness. No loan shall be contracted on behalf of the Corporation, and no evidences evidence of indebtedness shall be issued in its name, unless authorized by the Board of Directors. Such authorizations of the Board authorization may be general or confined to specific instances. Loans so authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors shall authorize. When so authorized by the Board of Directors, any part of or all the properties, including contract rights, assets, business or goodwill good will of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so of the Corporation, and of the any interest thereon, by instruments executed and delivered in the name of the Corporation.

Corporate Indebtedness. No loan shall be contracted on ---------------------- behalf of the Corporation, and no evidences evidence of indebtedness shall be issued in its name, unless authorized by the Board of Directors. Such authorizations of the Board authorization may be general or confined to specific instances. Loans so authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors shall authorize. When so authorized by the Board of Directors, any part of or all the properties, including contract rights, assets, business or goodwill good will of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so of the Corporation, and of the interest thereon, by instruments executed and delivered in the name of the Corporation.

Corporate Indebtedness. No loan shall be contracted on behalf of the Corporation, and no evidences evidence of indebtedness shall be issued in its name, unless authorized by the Board of Directors, the Chairman or the President. Such authorizations of the Board authorization may be general or confined to specific instances. Loans so authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors Directors, the Chairman or the President shall authorize. When so authorized by the Board of Directors, the Chairman or the President, any part of or all the properties, including contract rights, assets, business or goodwill good will of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so of the Corporation, and of the interest thereon, by instruments executed and delivered in the name of the Corporation.

Corporate Indebtedness. No loan shall be contracted on behalf of the Corporation, and no evidences evidence of indebtedness shall be issued in its name, unless authorized by the Board of Directors or, to the extent authorized by a resolution adopted by the Board of Directors, the Chief Executive Officer. Such authorizations of the Board authorization may be general or confined to specific instances. Loans so authorized by the Board of Directors may be effected at any time for the Corporation from any bank, trust company or other institution, institution or from any firm, corporation or individual. All bonds, debentures, notes and other obligations or evidences of indebtedness of the Corporation issued for such loans as the Board shall authorize shall be made, executed and delivered as the Board of Directors or (to the extent so authorized) the Chief Executive Officer shall authorize. When so authorized by the Board of Directors, any part of or all the properties, including contract rights, assets, business or goodwill good will of the Corporation, whether then owned or thereafter acquired, may be mortgaged, pledged, hypothecated or conveyed or assigned in trust as security for the payment of such bonds, debentures, notes and other obligations or evidences of indebtedness so of the Corporation, and of the interest thereon, by instruments executed and delivered in the name of the Corporation.