[Organization's Letterhead or Official Document Header]
Document of Authority
Date: [Insert Date]
To Whom It May Concern:
This document serves as a formal declaration and authorization concerning the banking affairs of RAINBOWVI EDUCATIONAL ASSOCIATION, hereafter referred to as "The Organization."
By the power vested in the Board of Directors of The Organization, we hereby grant full authority to Mrs Thuy Vi Ly, the Executive President of The Organization, to act on behalf of The Organization in all matters related to the opening and management of its bank account(s).
The following powers are conferred to the Executive President with immediate effect:
- To open any type of bank account(s) in the name of The Organization with Bank Of Montreal (BMO) or any other financial institution deemed suitable.
- To deposit and withdraw funds, endorse checks for deposit, accept drafts, and conduct any form of transaction that the bank account(s) may permit.
- To execute any agreements, documents, or contracts necessary for opening and managing the aforementioned bank account(s).
- To negotiate and overdraw on any credit facilities offered by the bank within the limits approved by The Organization's Board of Directors.
- To appoint or remove any secondary signatories to the bank account(s).
This authorization shall remain in effect until formally revoked in writing by The Organization's Board of Directors. Any amendments to this authorization must be approved and documented by the Board.
The Organization ensures that all transactions conducted by the Executive President will be for legitimate purposes and in the best interest of The Organization, adhering to all applicable laws and regulations.
For verification purposes, the Executive President's signature is provided below:
The Executive President's Signature: _____________________
Printed Name of The Executive President: THUY VI LY
This document is executed on behalf of The Organization as per resolutions passed in the Board meeting held on [Date of Board Meeting].
Authorized Signatory (Board Members): _____________________
Printed Name: ALEXANDER AMADEUS ABDULLA
Authorized Signatory (Board Members): _____________________
Printed Name: PATRICIA JOAN BURLETOFF
Authorized Signatory (Board Members): _____________________
Printed Name: SOYEON KIM
Authorized Signatory (Board Members): _____________________
Printed Name: LE QUAN NGO
Authorized Signatory (Board Members): _____________________
Printed Name: CHAN OH