1970-02-02 - Resolution 1970-04 - Designated Banks for depositories Wheeling Trust and Savings, Harris Trust and Savings chicago, IL, Bank of Buffalo Grove RESOLUTION NO. /C id -
RESOLUTION DESIGNATING DEPOSITORIES FOR THE VILLAGE
OF BUFFALO GROVE
WHEREAS the Village Treasurer of the Village of Buffalo Grove,
Counties of Cook and Lake, State of Illinois, has, pursuant to
the terms of an Act of the General Assembly of the State of
Illinois, heretofore adopted and now in full force and effect,
requested this Board of Village Trustees of the Village of
Buffalo Grove of Cook and Lake Counties, to designate a bank
or banks, or other depository in which the funds and moneys
received by him or in his official custody, may be kept or
deposited; and
WHEREAS, the following designated banks have furnished copies of
the last two sworn statements of resources and liabilities, as
furnished to the Comptroller of Currency or the Auditor of
Public Accounts:
NOW, THEREFORE, Be it Resolved by the Board of Trustees of the
Village of Buffalo Grove of Cook and Lake Counties, aforesaid
that the following banks are hereby named and designated as
depositories in which the funds and moneys received by, or in
the official custody of the Village Treasurer may be kept and
deposited:
Wheeling Trust and Savings Bank
Wheeling, Illinois
Harris Trust and Savings Bank
Chicago, Illinois
Bank of Buffalo Grove
Buffalo Grove, Illinois �J�I �
BE IT FURTHER RESOLVED that each bank herein designated as a
depository for such funds or moneys shall furnish this Board
of Trustees with a copy of all bank statements which it is re-
quired to furnish to the said Auditor of Public Accounts, or
the said Comptroller of Currency, while acting as a Depository:
and
BE IT FURTHER RESOLVED that if such funds or moneys are de-
posited in a bank herein designated as a Depository, the amount
of such deposits shall not exceed seventy-five per cent (75%)
of the capital and surplus of such Bank, and such Village
Treasurer shall not be discharged from responsibility for any
such funds or moneys deposited in any bank in excess of such
limitation.
STATE OF ILLINOIS
SS
COU NTIES OF COOK AND LAKE )
I, DOROTHY C. HOPKINS, Village Clerk of the Village of Buffalo
Grove of the aforesaid counties, do hereby certify that the
above and foregoing is a true and correct copy of the resolution
adopted by the Board of Trustees of the said Village of Buffalo
Grove, Cook and Lake Counties, Illinois, this, the 2nd day of
February, A.D. , 1970 .
Village CJ4rk