FIRST NATIONAL BANK IN ST. LOUIS, Gentlemen: At a special meeting Browning Company duly of held the on Board the of 23rd resolution, which is still in force and written record thereof made, namely: RESOLVED THAT: First National Signature of (1) The Bank in Directors day of of August, effect, was the J. 1948, duly M. the adopted & M.S, following and a funds of this company on deposit with the St. Louis ghall be Subject to withdrawal on Val A. Browning, President M. A. Browning, Vice President M. Bigelow Browning, Vice President Matt S. Browning, Vice President Grant F. Goddard, Branch Manager Above (2): individuals may sign Singly. That Val A. Browning, President M. A. Browning, Vice President M. Bigelow Browning, Vice President Matt S. Browning, Vice President (Above individuals may sign singly) of this company be and they are hereby authorized to effect loans from time to time for and on behalf of this company from the First National Bank in St. Louis and to renew or extend such loans from time to time; and for such loans (and any and all renewals and extensions) to National Bank in St. Louis, chattel mortgages and other pledge as security for such extensions thereof) the make, execute and deliver to stocks, bonds, bills of August, 1948 said First the promissory notes, endorsements, obligations of this company, and to loans ( and any and all renewals or endorsements, receivable, warehouse receipts and other property of this company. The proceeds of all such loans, renewals, extensions, shall be placed from time to time, as made, to the credit of this company on the books of said First National Bank in St. Louis, and such credit shall have the same force and effect as if the amount thereof had been duly paid to this company in cash. Signed and-delivered a this 23rd day : ; Deere res CN. Aecretary. the