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1971-05-03 - Resolution 1971-11 - Sears Bank and Trust Company manditory signatures •./ RES . 0-71-11 I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy Trustees of certain resolutions of the Board of #110104001#of The 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 May 3 (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of the corporate seal and of the minutes and records of this Corporation; and that the said resolutions have not been rescinded or modified.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 &it 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. Be It Further Resolved, that the President R. Gary Armstrong N6 Village Clerk - Verna L. Clayton oz va Treasurer - Nancy 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) (41.10 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 c,:iecks, 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. Be It Further Resolved, that the A9 to 00 O < 12:1 O (Please indicate in what manner the above named officers are to sign—singly, any two, or jointly. etc.) FORM 261 - IM • S.P.I. •f this Corporation (are) (is) authorized to borrow from time to time on behalf o i - • 'oration from the said Bank such sums of money for such times a• ' • •on such terms , to them, or any of them, seem advisable, and to exe n the name of the Corporation • • drafts, or agreements for the re-pay - • • any sums so bor- rowed, and they and each . • m are hereby author' • o discount with the said Bank any of the notes, bills receiv. • .r acce• - ces held by this Corporation upon such terms as they may deem advisabl .ledge or hypothecate as security to said Bank any of the notes, bon• • ocks, bills recei' . : warehouse receipts and/or other documents, accou •ecurities and/or property of orporation, and to execute and deli . y and all endorsements or instruments of assr t or trans- fer whic •• . •e necessary or proper in such cases effectually to transfer to • - id B. • + e 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 R. Gary Armstrong Village Clerk *WM'? Verna L. Cl avto�4 Treasurer - Nancy E. Lindholm In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this 3rd day of May , A. D. 19 71 . Secretary. SEAL IMPORTANT: Imprint Seal of Corporation Here.