1959-08-13 - Resolution 1959-05 - Wheeling State BAnk declared as Village of Buffalo Grove Bank THIS COPY TO BE RETAINED BY THE CORPORATION
Be it Resolved by the Board of Ihrtrsctrespi __o�...�h�-..$ 7asLgsti-=��--87 -���-& ►E}i�e
Illinois
1. That the._..__..__. ?e 1 ins_3t ate Bank
be and it is hereby designated as one of the depositaries of the funds of this Corporation; and
that the officers or employees of said Corporation are hereby authorized to endorse, in the
name of this Corporation for the purpose of deposit and collection in and with said Bank,
checks, drafts, notes and other like obligations, issued or drawn to and owned by said Cor-
poration, and it is further resolved that endorsements for deposit and collection may be by
the written or stamped endorsement of the Corporation without designation of the party
making the endorsement.
2. That said Bank be and it is hereby authorized, to pay out the funds of this Corporation on
deposit with it from time to time upon checks drawn upon said depositary and signed in
Treasurer
the name of this Corporation by its_....___._. _. or
and counter-signed by its Clerk
or __ whether said checks are payable to cash, bearer or
the order of the Corporation, or to any third party, or to the order of any signing or counter-
signing officer of the Corporation or any other Corporation officer, in either their individual
or official capacity.
3. hat the ......_.— and __.----------------_._ __--
or ._.. _ and
orof this Corporation b s d they are hereby authorized from ti I • time to borrow money
from said Bank in such a' •unts, for such length of tim ' I at such rate of interest and
upon such other terms and co '•tions as said officer : officers may deem expedient, and to
evidence the indebtedness thereb eated b cuting and delivering in the name and on
behalf of this Corporation promissory . ,judgment promissory notes and other like obliga-
tions of this Corporation, signed i' e na of this Corporation by the officer or officers
designated above; and to pl • _ as security fo s e payment of said notes and other obliga-
tions any property or rity now or hereafter be • • • ng to said Corporation, which notes
or other obligat'• shall be in such form and shall con • such terms, provisions and condi-
tions as iI Ie deemed proper by such officer or officers; a • said officer or officers is or are
fu ' authorized to discount to said Bank the notes and other o• ••ations issued to or owned
said Corporation, and to endorse the same for such purpose.
4. That the said Bank shall not be in any manner whatsoever, responsible for'required to see
to the application of any of the funds of this Corporation deposited with it, checked out or
borrowed from it, or secured by the discount of notes and other obligations to it is-herein-
before provided, and all such transactions shall be conclusively presumed to be legally bind-
ing upon this Corporation. Clerk mVillage of this
S. That ....PR]118...�2..__.�ilOhaSHa.....____, the - shall file with
the said Bank a certified copy of this Resolution under the corporate seal of this Corporation
and shall also file with the said Bank a certified list of the persons at the present time holding
the offices of President Trustees
------- Tre asirer .._---, C1esk--------
—....— _.._ and _ .... —......_........_------------•
in this Corporation, and it shall be conclusively presumed that the persons so certified as
holding such offices continue respectively to hold the same until the said Bank is otherwise
notified in writing by the Secretary of this Corporation.
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.
.ONN 8174 Ns•TUN MANIC O ernes SUPPLY.CHICAOO