R94-106 AUTHORIZING SIGNATORY REPRESENTATIVES FOR FUNDS TRANSFER AGREEMENT

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FUNDS TRANSFER AGREENIENT This agreement is entereci into and effective this 19t1'�� of July lq 94 by and between Magna Group, Inc., a Delaware Cotporation, and its wholly owned subsidiary, Magna Bank of Illinois, with i[s home office at 2''? East Main Stre�t, Bzllzville. IL ("Magna") and The City of Decatur, Illinois a municipal government or�anizecl uncicr ch� laws of I 11 inoi s ("Deposicor"). WHERE�S, Depositor keeps, or will keep, funds on daposit or invasted in dccounts in Depositor's namz with vfa�na; and WHERE�S, Dzpositor, from timz to time, dasires by m�ans oti writt�n. [elephonic, talzgraphic, or oral requests or orders to transfar such funds from Depositor's accounts at Matna to other accounts at Magna or to or from accounts at other depository instimtions for credit to persons or accounts desi�r►ated by Depositor; and Wf�RE�,S, Via�_na is willin�_ to make such transfzrs uncler thz tzrms and conclitions sat forth in this agreement; NOW, THEREFORE, in consideration of th� mutual pramiszs szt forth her�in, includin� Ma:na's aoreement to act upon written, telephonic, tel��raphic, or oral raquzsts or ordars of Dzpositor or its authorized reoresentatives and othar eood and valuabla considazation tha rec�ipt and �uffici�ncy of which is hereby acknowledsed, the parties a�re� as follows: 1. Funds Transfers Governed By This �►�reement. All funds transfers ("transfars") mada by Ma��na, at tha written, telegraphic or oral request of Dzpositor, from or to any account of Depositor, shall ba subjzct to and �overned bv this agreament. 2. Depositor Repr�sentatives. Bv wnttzn rzsolutions acc�ptab(z to �1a_na. Dzpositor shall d�si�_nate thosz individuaIs("Sivnatory Rzpresantativzs") �vho shall ba authorized on behalf of Dzpositor to �xecute ancl daliver to Magna this a�reemznt, any adjustmznts her�to, and any othzr docum�nts d�scrib�d hzr�in. Si�natory Representatives shall desi�*nate on thz "Dzsi��nation of Authonzzd R�presentativ�s" form at laast two individuals as tha sola representativ�s of Dzpositor, anci shall indicate on tha form thC functions that �ch Authorized Rzpresentative is authorizzcl to conduct on hzhalt ot Dapositor. D�si_nation of Customar Rzpr�szntativzs mav bz aitezed or revoked by Depositor upon writt�n noticz ro �fa_na from anv Si�_natory Rzprzszntativzs. However, biagna may, in its sole discrztion, act upon varbal notic�of rzvocation which �ta_na reasonably bzliaves to be from a Si�nacory Representativz and which rzvocation shall latzr bz contirmzcl in�vritin�:by a Si�aatory Rzpresentative. , 3. :�uthorizations. Depositor authoriz�s �fa_•na: (a) to act upon all wnttzn, tziephonic, telz__raphic or oral transfzr rCquzsts ree�ivzd from Depositor or its Authonzzd Rzprzsantativzs; (b) to transfer funds from Daposicor's accounts with �fa;na to anv other specifizd Deposiror bani: accounts, whzthzr �uch accounts arC with �ta��na or othzr tinancial institutions ("Intra-Depositor Transf�r"). and from Dapositor accounts�vith �ta��na to any accounts of a third pam�, whzther �uch third party accounts ar� with �ta�sna or other tinancial institutions ("Third Party Transfzr"); , FT�IL -�I9�