(A) Any two of the Selectmen and the Treasurer of the town be, and they hereby are, fully authorized and empowered to transfer, convert, endorse, sell, assign, set over and deliver any and all shares of stock, bonds, debentures, notes, subscription warrants, stock purchase warrants, evidences of indebtedness or other securities now or hereinafter standing in the name of or owned by the town and to make, execute and deliver all written instruments of assignment and transfer necessary or proper to effectuate the authority hereby conferred.
(B) Whenever there shall be annexed to any instrument of assignment and transfer, executed pursuant to and in accordance with the foregoing resolution, a certificate of the Clerk of the town in office at the date of the certificate, the certificate shall set forth these resolutions and shall state that these resolutions are in full force and effect, and shall also set forth the names of the persons who are then Selectmen and the Treasurer of the town, then all persons to whom the instrument with the annexed certificate shall thereafter come, shall be entitled, without further inquiry or investigation and regardless of the date of the certificate, to assume and to act in reliance upon the assumption that the shares of stock or other securities named in the instrument were theretofore duly and properly transferred, endorsed, sold, assigned, set over and delivered by the town and that with respect to the securities, the authority of these resolutions and of the Selectmen and the Town Treasurer is still in full force and effect.
(Ord. passed 6-9-1975)