1964-06-11 - Resolution 1964-07 - Wheeling Trust & Savings Bank,as a repository for VBG THIS COPY TO BE RETAINED BY THE COR*RATION
TRUSTEES
Be it Resolved by the Board of Direeterr of TJI VILLAGE OF BUFFALO GROVE
1. That the WHEELING TRUST & SAVINGS BAN!
be and it is hereby designated as one of the depositaries of the funds of this Cu.p.,..tiu.x;and
that the officers or employees of said Corporation are hereby authorized to endorse, in the
name of this 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. es-
peratienj and it is further resolved that endorsements for deposit and collection may be by
the written or stamped endorsement of the c"fr^i,"^.. 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 Gefa by its.. aril two of its-Treasurers Clerk or
president ...and counter-signed by its
or .__... ...._..._ whether said checks are payable to cash, bearer or
the order of the Cerperatiea, 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 pacity.
3. That the _.._ ..___._.._...__ _.... and ......_ ....... __.__—........-
or ..._..._...._..._._...... __... and ....._...... —....___--
of this Corporation be and they are •ereby authorized from '•• to time to borrow money
from said Bank in such amounts, for • h length of ti.• and at such rate of interest and
upon such other terms and conditions as s •• offi or officers may deem expedient, and to
evidence the indebtedness thereby created . ecuting and delivering in the name and on
behalf of this Corporation promisso • . es,jud• •• - .t promissory notes and other like obliga-
tions of this Corporation, signe. '• the name of this •rporation by the officer or officers
designated above; and to . •ge as security for the pay•• - •t of said notes and other obliga-
tions any property . curity now or hereafter belonging t• aid Corporation, which notes
or other obli tr •.ns shall be in such form and shall contain such •.s, provisions and condi-
tions •. =y be deemed proper by such officer or officers; and said • cer or officers is or are
f - er authorized to discount to said Bank the notes and other obligatio. : 'ssued to or owned
y said Corporation, and to endorse the same for such purpose.
4. That the said Bank snail 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.
5. That ----Ro .a11e...-fir..--KWs owski , the of this O.1 J,u.stitch, shall file with
the said Bank a certified copy of this Resolution under the corporate seal of this Cosposation
and shall also file with the said Bank a certified list of the persons at the present time holding
the offices of..._..._.Treasurer
Clerk
President
..._. and __....._. .._...__ -,
in this 6orperatioa, 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 €orpotation.
6. That this Resolution shall be in full force and effect and binding upon this Cozpoza ion 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 Wt.TKRN SANK\OrPICL Surma, SUBSTITUTE MUNICIPALITY FOR
CORPORATION // /, 5/