1971-12-06 - Resolution 1971-37 - Bank of Buffalo Grove signatories for Motor Fuel Tax Fund CORPORATION
`./ RESOLUTION 0-71-37
I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy of certain
resolutions of the Board of Directors of Village of Buffalo Grove - Motor Fuel Tax Fund
(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 December 6
(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not been rescinded or modified: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 the Bank of Buffalo Grove
be and hereby is designated a depositary in which the funds of this Corporation may be de-
posited by its officers, agents, and employes, and that the
Robert J. Collins , Treasurer
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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 be-
longing to or coming into possession of this Corporation. Endorsements 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 Village Treasurer - Robert J. Collins
And any one of the following;
Village President - R. Gary Armstrong
Village Clerk - Verna L. Clayton
(Titles of officers and/or other persons authorized to sign checks; e. g.: President, Treasurer, etc.; also please indicate in what man-
ner the above named officers are to sign—singly, any two, or jointly. etc.)
of this Corporation (are) (is) 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 fur-
ther inquiry or regard to the authority of said officer(s) and/or other person(s) or the use
of said checks, drafts and orders, or the proceeds thereof.
Resolved,that the
r
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lease indicate in what manner tho above named officers are to sign—snngly, any two,or jointly,etc.)
s' •^, T.
Cadwallader&Johnson. Chlraen . <<
o Corporation (are) (is) authorized to borrow from time to time on behalf o • or-
poration ro • aid Bank such sums of money for such times and upo o :. terms as may
to them, or any of them, to advisable, and to execute in the • - o the Corporation notes,
drafts, or agreements for the re-p. • •• •nt of any sum oorrowed, and they and each of
them are hereby authorized to discount wi I aid Bank any of the notes, bills receivable
or acceptances held by this Corpora • upon suc • ms as they may deem advisable and
to pledge or hypothecate as s• • y to said Bank any o • : •otes, bonds, stocks, bills receiv-
able, warehouse recei. : •nd/or other documents, accounts, secure •: and/or property of the
Corporation, a • • execute and deliver any and all endorsements or ins • •o ents of assign-
ment o • sfer which may be necessary or proper in such cases effectually • . • sfer to
- said Bank the property so hypothecated or delivered;
Be It Further Resolved, that this corporation by its duly authorized agent, enter into an
agreement with the said Bank of Buffalo Grove
contemporaneously with the opening of said account whereby said corporation agrees in con-
sideration of the opening of said account to assume and pay all expenses, costs and attorney's
fees incurred by said Bank in any legal proceedings brought against the said Bank by reason
of the said account and further agrees that any funds in possession of the said Bank to the
credit of this corporation may at any time be applied toward payment of such expenses.
Be It Further Resolved, that each of the foregoing resolutions shall continue in force un-
til 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 terminated 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.
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I Further Cert:'f that the #oI owi g ed persons are the officers of the said Corporation, duly quali-
fied and now a • as suc : _
Village
President Asst. Secretary .
Village C r !'
} - sst. Treasurer
Vice-Preside
Secretary
Village
Treasurer --)
In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation,
this 6 day of December , A. D. 19 71 •
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SEAL ifelaiy illage Clerk
IMPORTANT:
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Imprint 1 of
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