1962-06-07 - Resolution 1962-10 - Wheeling State Bank as Repository of Funds THIS COTO BE RETAINED BY THE CORATION
Be it Resolved by the Board of Atissaessesuctx Prustaas of tie Village oL Ruffalp-,
Grove
1. That the Wheeling State Bankbe q } �
thatand it $hereby designated s one o of said •r n are of the funds of thief herebyauthorized to Corporation,
the
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name of this P 10 -E..n for the purpose of deposit and collection in and with said dZsci
checks, drafts, notes and other like obligations, issued or drawn to and owned by saicipal
poration, and it is further resolved that end 1 �fior deposit and collection may be by
the written or stamped endorsement of CiiiPorttion without designation of the party
making the endorsement.
2. That said Bank be and it is hereby authorized, to pay out the funds of thi orpo ation on
deposit with it from time to time upon checks drawn upon said depositary and signed in
Munici
the name of this/Corporation by isu._aly twn of its Triagarir, Cl ark_..— or
-.-._... Pre sident —....— and counter-signed by its.._...—....—......__........_._...............___
or whether said checks are payable to cash, bearer or
the order of h Con.• • • • to any thirdWjhe order of any signing or counter-
signing officer of th- 'M•' 4 . or any oth rpor tion officer, in either their individual
or official capacity.
3. t the —....— ._..... ..._.......... and ._...... ........ --------_..___.._
or —....— _..... ._._. and . ____
Of
of this Corporation be and they*-ate hereby authorized from time to time to borrow money
from said Bank in such amounts,torauch length of time and at such rate of interest and
upon such other terms and conditions as'said, officer or officers may deem expedient, and to
evidence the indebtedness thereby created bey eluting and delivering in the name and on
behalf of this Corporation promissory notes,judgment-promissory notes and other like obliga-
tions of this Corporation, signed iaehe name of this Corporation by the officer or officers
designated above; and to pledge as security for the payment of laid notes and other obliga-
tions any property or security now or hereafter belonging to said Corporation, which notes
or other obligations shall be in such form and shall contain such terms, provisions and condi-
tions as may be deemed proper by such officer or officers; and said officer or officers is or are
further authorized to discount to said Bank the notes and other obligations issued to or owned
by said Corporation, and to endorse the same for such purpose.
4. That the said Bank snail not be in s:ny mannstlyilivegner, responsible for or required to see
to the application of any of the funds of this rpora on deposited with it, checked out or
borrowed from it, or secured by the discount of notes and other obligations to it as herein-
before proviidd�gajisuch transactions shall be conclusively presumed to be legally bind-
ing upon t ' orpor on. Clerk of this Village
5. That Paula Clohess , the liCalaigagikikittfaXpearkixm, s Il ggle with
the said Bank a certified copy of this Resolution under the corporate seal of thi ,oriporso
and shall also file with the said Bank a certified list of the persons at the present time holding
the offices of Treasurer
Clerk
PX4. cient and
in thiorrpora on, and it shall be conclusively presumed that the persons so certified as
holding such offices continue respectively l t e1same until the said Bank is otherwise
notified in writing by the egtt of thi unici al
6. That this Resolution shall be in full force and effect and binding upon this' Corporation until
it shall have been rescinded, and written notice of such recission under the corporate seal
shall have been delivered to said Bank.
FORM 547-2 WESTERN BANK&OFFICE SUPPLY
R-62-10 6/7/62