1970-07-06 - Resolution 1970-20 - Bank of Buffalo Grove designated a reposiitory and authorized signatories. Q#4)-
ORPORATION
RESOLUTION. 70-20
I, the undersigned, Do Hereby Certify, that the following is a
complete, true and correct copy of certain resolutions of the Board
of Trustees of the VILLAGE OF BUFFALO GROVE
a corporation duly organized and existing under the laws of the
State of Illinois which resolutions were duly adopted at a duly
called meeting of the said Board, held on July 6th, 1970 , 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not been rescinded or modified: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 deposited by its officers, agents, and
employes, and that the Treasurer and President or Clerk, one
of two 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 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 President: Donald J.
L.
Thompson; Clerk: Rosalie Kaszubowski; Treasurer: Blanche
M. Niemann; Treasurer plus and one of the other two signatures,
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
hereby is authorized to honor any and all checks, drafts and
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orders so signed, including those drawn to the individual
orderof any such officer and/or other person signing the same,
without further inquiry or regard to the authority of said
officer0) and/or other person(s) or the use of said checks,
drafts and orders, or the proceeds thereof.
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 consideration
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 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 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.
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
Clerk Rosalie Kaszubowski
Treasurer Blanche M. Niemann
IN WITNESS WHEREOF, I have hereunto subscribed my name and
affixed the seal of the said Corporation, this [o day of
Y i
,A.D. 19 7i
Seal
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