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Enron Mail |
John- Tana believes that all transactions require two signatures, physical
and financial. We currently have the signature of Steve Norris, Treasurer for Tembec, Inc. on the Password Application. Tana - John would like to get discuss this later today. Thanks to both-Camille 36150 ---------------------- Forwarded by Camille Gerard/Corp/Enron on 10/18/2000 10:37 AM --------------------------- From: Tana Jones@ECT on 10/16/2000 10:10 AM To: Camille Gerard/Corp/Enron@ENRON cc: Subject: Re: ClickPaper Approvals for 10/05/00 and 10/06/00 I do not believe that statement is correct. The limitation was required in the corporate documents of the company, so it should apply to all agreements. Can you send me up a copy of the Password Application and I will give Steve Norris a call. Thanks. Camille Gerard@ENRON 10/14/2000 12:44 PM To: Tana Jones/HOU/ECT@ECT cc: Frank L Davis/HOU/ECT@ECT, John Cummings/HOU/ECT@ECT Subject: Re: ClickPaper Approvals for 10/05/00 and 10/06/00 Tana, We now have an application from Tembec, Inc. Steven Norris, as Treasurer, is the one signing the Password Application for Tembec. When John Cummings met with him last week, Steve stated that he would be involved in setting up the users for Physical transactions. After reading the requirements below, it sounds like the two signature rule applies to Financial transactions only. In other words, can we set up Steve as well as his users with Physical access without two officers' signing? If so, then we could get them on-line with Physical access and then work on whatever we need for Financial access. Thanks for your help! Camille 36150 From: Tana Jones@ECT on 10/10/2000 04:28 PM To: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT cc: Subject: ClickPaper Approvals for 10/05/00 and 10/06/00 On the 10/05/00 List: Tembec, Inc.'s bylaws require that agreements signed by the company must be signed by any two of the following officers: the President or a Vice President together with any Director, Secretary or Assistant Secretary. If you are going to trade with them online you must ensure that the Password Application gets signed by those officers, or if not by those officers, they must provide a resolution if any officer except those above signs the documentation. Because of this signatory restriction EnronOnline was hesitant to open them for financial trading. It's up to your group, but you must comply with these special signatory requirements. If you would like Legal to pass on the documentation if you are unsure, forward it up to me.
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