1963-11-07 - Resolution 1963-13 - Wheeling Trust and Savings designated as a repository for the Village THIS CO1O BE RETAINED BY THE COR6RATION
Be it Resolved by the Board of =Mira —Trustees of the Village of Buffalo
Grove
1. That the Wheeling Trust and Savingsttrsiaipn].
be and it is hereby designated as one o th d 'taxies of the funds of this/Corporation, and
that the off ArpFe y oyees of sal
are hereby authorized to endorse, in the
name of thisi Corpora on for the purpose of deposit and collection in and with said 44m.
1 P�
checks, drafts, notes and other like obligations, issued or drawn to and owned by saidiCor'Cor-
poration, and it is further resolved that endo sements for deposit and collection may be by
the written or stamped endorsement of the lrn without designation of the party
making the endorsement. ,Municipal
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
,Municipal
the name of this/Corporation by/iis/.-_any two of its Treasurerz. Clerk -• or
President ...—_—_and counter-signed by its_.__.. _
Of ......... �.eipal whether said checks are payable to cash, bearer or
the order of the Cor oration, or to any third party, or to the order of any signing or counter-
signing officer of then or any othe8in officer, in either their individual
or official capacity.
3. the _._...—....__........_.... _._.. and ._-
or ..____—.... ._...__--._..._... and ...-._...._._.... --- ...---.__-_--
or ........—...._-..._. ... ...._ ._._._.._.-................-- ----......
of this Corporation be an. s ey are hereby authorized fr. .. time to time to borrow money
from said Bank in such amou for such length • a and at such rate of interest and
upon such other terms and conditi. = as said • ' cer or officers may deem expedient, and to
evidence the indebtedness thereby cr • •y executing and delivering in the name and on
behalf of this Corporation promisso• .ote' , dgment promissory notes and other like obliga-
tions of this Corporation, Si: n the name ir.f,4his Corporation by the officer or officers
designated above; and t. •ge as security for the'payment of said notes and other obliga-
tions any property • ecurity now or hereafter belontto said Corporation, which notes
or other obli . •s shall be in such form and shall contain`finch terms, provisions and condi-
tions as .• - be deemed proper by such officer or officers; and said officer or officers is or are
fu . authorized to discount to said Bank the notes and other obliga ' s issued to or owned
•y said Corporation, and to endorse the same for such purpose.
4. That the said Bank snail not be in any m nn��eer wha a er, responsible for or required to see
to the application of any of the funds of thai deposited with it, checked out or
borrowed from it, or secured by the discount of notes and other obligations to it as herein-
before providep1 n a s h transactions shall be conclusively presumed to be legally bind-
ing upon this,/Clafi Clerk of this Village
S. That -_ ,gieL Kaszubowski , the WARPRPMPWRiligh, sh
the said Bank a certified copy of this Resolution under the corporate seal of this/Corporrafion
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 thislrpora�on, and it shall be conclusively presumed that the persons so certified as
holding such offices continue res • el , ,kqt same until the said Bank is otherwise
f
notified in writing by the of isr-Mpor on.
icipal
6. That this Resolution shall be in full force and effect and binding upon this Erporanon
until
it shall have been rescinded, and written notice of such recission under the corporate seal
shall have been delivered to said Bank.
FORM 547-11 WESTERN SANK 1 OFFICE SUPPLY
Resolution R-63-13
November 7, 1963