1959-05-21 - Resolution 1959-04 - 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 teeters of 7 1{ LL4 r
!L° 6 c,,,a m T Y o f G.�d�,._...._S7 E F (c c.t No I_i
1. That the ini W_.....�L i N Pr.... S Z /► E.-.-_.Ag. . LS...�..........
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
the name of this Corporation by its R A S U 2.E 2 __.._ or
and counter-signed by its C R'\c"-
or .._.._y___ 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 . it‘A-CU RE-(4- and I LL A C.L &'S
or and
or _......— ._.._._.._...._ _.....................—_. .._..
of this Corporation be an. , are hereby authorized from e to time to borrow money
from said Bank in such amoun , •r such length of t' and at such rate of interest and
upon such other terms and conditions - - said offi or officers may deem expedient, and to
evidence the indebtedness thereby create• ecuting and delivering in the name and on
behalf of this Corporation promissory • . s, jud: . Lt promissory notes and other like obliga-
tions of this Corporation, signe. ' t e name of this • 'oration by the officer or officers
designated above; and to • •ge as security for the paymen . said notes and other obliga-
tions any property • -ecurity now or hereafter belonging to sai. .• 'oration, which notes
or other obli tr, '.ns shall be in such form and shall contain such terms, p : 'sions and condi-
tions as .y be deemed proper by such officer or officers; and said officer or o' = - is or are
fu. - r authorized to discount to said Bank the notes and other obligations issued to o ned
.y said Corporation, and to endorse the same for such purpose.
4. That the said Bank shall not be in any manner whatsoever, responsible for or 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 as herein-
before provided, and all such transactions shall be conclusively presumed to be legally bind-
ing upon this Corporation. Cc_e Qk
5. That --...e CA"--A L4-4 N E S�`.�C. , the Secretary-of this Corporation, 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 P R. S P E N T ._...--., -[JzUs-M e 5__—
,
S,(�EAst.4,‘IL,
........—....— ... _.._ 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.
mom S/7.11 WESTERN SANS•OPTICS SUPPLY.CHICAGO
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