1971-04-12 - Resolution 1971-06 - Wheeling Trust & Savings is a designated depositary for Buffalo Grove Municipal Bldg. t tOT WEgett#13443441",' 4 44,00,014,W*-tt e• , r 1 • .`. t . ri i< •
ALL REFERENCE TO CORPORA'f'ION HEREIN SHALL MEAN MUN .0IPAL CORPORATION.
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THIS COPY TO BE DELIVERED TO THE BANK
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Rosalie L . Kas zubowski , do hereby certify
Village Clerk
that I am the S;ecxry of Vil•1a.g�..•of...A.uf• a�•Q•••Qx•Qve - M>�nicipal Building
a Corporation duly and legally organized and existing under and by virtue of the laws
of the State of L11i.n.ais. , and that I am the Custodian of the records
and the seal of said Corporation; that at a meeting of the Board of Directors of said
Corporation duly and legally called and held in accordance with law and the By-Laws
of said Corporation, on the 11 th day of April , A.D. 19 71, at
which said meeting a majority and quorum of the Board of Directors of said Corpora-
tion, was present; the following Resolution was adopted by the affirmative vote of a
majority of the whole Board of Directors of said Corporation, to-wit:
Be it Resolved by the Board of Directors of Village of Buffalo Grove
1. That the Wh.e.e.lin.g...Trus.t...4....S.avi.ng.s
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 Corporation, 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 President , Clerk f Treasurer
xm
(all three must sign)
OP- 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
countersigning officer of the Corporation or any other Corporation officer, in either their
individual or official capacity.
~''3. That the and
or and
or
of this Corporation be a : hey are hereby authorized from a to time to borrow money
from said Bank in such amo • for such length of ti•• • and at such rate of interest and
upon such other terms and condi .• as said offi • or officers may deem expedient, and
to evidence the indebtedness thereby c : ed . executing and delivering in the name and
on behalf of this Corporation promissor • • •udgment promissory notes and other like
obligations of this Corporation, si• . in the nam• • this Corporation by the officer or
officers designated above; and pledge as security o •e payment of said notes and
other obligations any pro•• y or security now or hereafter • onging to said Corpora-
tion, which notes or • er obligations shall be in such form and s 1 ontain such terms,
provisions and c•• 1 ions as may be deemed proper by such officer or ers; and said
officer or off s is or are further authorized to discount to said Bank the no d other
obligat•. issued to or owned by said Corporation, and to endorse the same fo . ch
pu ••se.
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 hereinbefore provided, and all such transactions shall be conclusively presumed to be
legally binding upon this Corporation.
THIS COPY TO BE DELIVERED TO THE BANK
Clerk
5. That..J. ;.s. ..1.i.G...I�......�;iS. 1�b.A.W.S.k7l.. the) Ki3€1aXlE of this Corporation, shall file with
the said Bank a certified copy of this Resolution under the corporate seal of this Corpora-
tion and shall also file with the said Bank a certified list of the persons at the present time
holding the offices of Pr.eside.n.t,
Treasurer
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 other-
wise 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 corpo-
rate seal shall have been delivered to said Bank.
And I do further certify that the above Resolution has not been in any wise altered,
amended or rescinded and is now in full force and effect.
I do further certify that the names and genuine signatures of the present officers
of said Corporation are as follows, and that the genuine signatures of those above
authorized to sign for the Corporation appear on the accompanying cards:
Donald J. Thompson Rosalie L . Kaszubowski
President. Nancy E . Lindholm N ( Clerk
Vice-President. Treasurer.
Vice-President. Assistant Treas.
Vice-President,
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corpo-
rate seal of said Corporation, this 1-'tll day of April , A.D. 19.7.X
Clerk neX€XX.K
Please Place
Impression
of the
Corporate Seal
Here
I, , a Director of said Corporation, do hereby
certify that the foregoing is a correct copy of a resolution passed as therein set forth.
Director.
The foregoing should be signed by the secretary of the board and if possible also
by some Director not authorized to sign on the Corporation's bank account.
STOCK FORM 547.S HANKFORMS, INC , MELROSE PARK, ILL.,