1971-04-12 - Resolution 1971-02 - Sears Bank and Trust Company a designated depositary for Buffalo Grove R-71-02
Rt'AIN THIS COPY FOR YOUINILE
I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy
of certain resolutions of the Board o uste esof Village of Buffalo Grove
(Name of corporation in full)
a corporation duly organized and existing under the laws of the State of Illinois
(Name of State where organized)
which resolutions were duly adopted at a duly called meeting of the said Board, held on April 12,
(Date of meeting)
19 71, a quorum being present, and are set forth in the minutes of the said meeting; that I am the
keeper of the corporate seal and of the minutes and records of this Corporation; and that the said
resolutions have not been rescinded or modified.
Be It Resolved, that SEARS BANK AND TRUST COMPANY be and
hereby is designated a depositary in which the funds of this Corporation may be de-
posited by its officers, agents, and employees, and that tIW of its officers
namely, Treasurer
(Titles of officers and/or other persons authorized to negotiate checks, etc.)
shall be and each of them hereby is authorized to endorse for deposit or negotiation
any and all checks, drafts, notes, bills of exchange, and orders for the payment of
money, either belonging to or coming into the possession of this Corporation. En-
dorsements for deposit may be by the written or stamped endorsement of the company
without designation of the person making the endorsement.
to
Be It Further Resolved, that the
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NW President - Donald J. Thompson
a6 Village Clerk - Rosalie L. Kaszubowski
oz
Nancy Treasurer - E. Lindholm
(All three (3) of above must sign. )
(Titles of officers and/or other persons authorized to sign checks; e.g.: President, Treasurer, etc.; also, please
indicate in what manner the above-named officers are to sign—singly, any two, or jointly, etc.)
of this Corporation (are) ( } authorized to SIGN ANY AND ALL CHECKS,
DRAFTS, AND ORDERS, including orders or directions in informal or letter
form, against any funds at any time standing to the credit of this Corporation with
the said Bank, and/or against any account of this Corporation with the said Bank,
and that the said Bank hereby is authorized to honor any and all checks, drafts and
orders so signed, including those drawn to the individual order of any such officer
and/or other person signing the same, without further inquiry or regard to the au-
thority of said officer(s) and/or other person(s) or the use of said checks, drafts and
orders, or the proceeds thereof.
A Be It Further Resolved, that the
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44°
0 (Please indicate in what manner the above named officers are to sign—singly, any two, or jointly, etc.)
FORM 261 - 1M - S.P.I.
this Corporation (are) (is) authorized to borrow from time to time on behalf of
this oration from the said Bank such sums of money for such times a on
such terms a to them, or any of them, seem advisable, and to exe the name
of the Corporation n rafts, or agreements for the re-pa any sums so bor-
rowed, and they and each o are hereby autho ' to discount with the said
Bank any of the notes, bills receiva cc ces held by this Corporation upon
such terms as they may deem advisab d e or hypothecate as security to
said Bank any of the notes, bo , ocks, bills receiva arehouse receipts and/or
other documents, acco , securities and/or property of t e oration, and to
execute and de ' any and all endorsements or instruments of assign or trans-
fer whi ay be necessary or proper in such cases effectually to transfer to
the property so hypothecated or delivered;
Be It Further Resolved, that each of the foregoing resolutions shall continue
in force until express written notice of its rescision or modification has been received
by the said Bank, but if the authority contained in them should be revoked or ter-
minated by operation of law without such notice, it is resolved and hereby agreed for
the purpose of inducing the said Bank to act thereunder, that the said Bank shall be
• saved harmless from any loss suffered or liability incurred'by it in so acting after such
revocation or termination without such notice.
I further Certify that the following named persons are the officers of the said Corporation, •
duly qualified and now acting as such:
President Donald J. Thompson Antochtry
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V11agieC .erRosalie L. Kaszubowsk:
Secretary
Treasurer
Nancy E. Lindholm
In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said
Corporation, this 12th day of April , A. D. 19 71
•
Secretary.
SEAL
IMPORTANT:
Imprint Seal of
Corporation Here.