1958-05-01 - Resolution 1958-02 - Authorization for services at Wheeling State Bank. r
THIS COPY TO BE RETAINED BY THE CORPORATION
R-58-2
Be it Resolved by the Board of Bizertnrsxad Trustees of the Village__of__,____„___
Buffalo Grove, Illinois
I. That the Wheeling State Bank ...
be and it is hereby designated as one of the depositaries of the funds of this CurpuraLlun, and
that the officers or employees of said InLlicorgtion are hereby authorized to endorse, in the
name of this atikktelen 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 Cxx
and it is further resolved that endorsements for deposit and collection may be by
the written or stamped endorsement of the Iffrartac without designation of the party
making the endorsement. Village
2. That said Bank be and it is hereby authorized, to pay out the funds of this XViliWitgg on
deposit with it from time to time upon checks drawn upon said depositary and signed in
Village
the name of this 30017ctrairxsby iirslc any two of its President1 Treasurer or
Clerk
and counter-signed by its
or whether said checks are payable to cash, bearer or
the order of the Cif114en, or to any third party, or to the order of any signing or counter-
signing officer of the or any other g officer, in either their individual
or official capacity. vvge
3. That the and
or and
or
of this Corporation be and they are hereby authorized from time to time to borrow money
from said Bank in such amounts, for such 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 by executing 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 in the name of this Corporation by the officer or officers
designated above; and to pledge as security for the payment of said 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 shall not be in any manner whatsoever, responsible for or required to see
to the application of any of the funds of thisi. tion 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 WilielrilEW Village. Village Clerk
5. That Paula D. Clohese� _ _ the Wklaifjorgirtigigx6RIMSW shall file with
the said Bank a certified copy of this Resolution under the corporate seal of thisXXing=1111x Village
and shall also file with the said Bank a certified list of the persons at the present time holding
the offices of President Treasurer
Clerk
' I
Yit i irge 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 Stsenutwxtbdosxeszcaratax Clerk of this V+i I a e e
6. That this Resolution shall be in full force and effect and binding upon this W until
it shall have been rescinded, and written notice of such recission under the R9;s [*e seal
shall have been delivered to said Bank. i ge
PORN 147-2 WSSTSRN SANK S OP►ICS SUPPLY.CHICASO
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