1970-07-06 - Resolution 1970-25 - Wheeling Trust & Savings Bankas a legal depository for the Water Fund 50-042-9 •
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7a_ V• S�
RESOLUTION•
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BE IT RESOLVED that WHEELING TRUST & SAVINGS (Bank),
Wheeling, , Illinois, be and it is herby designated a legal
depository of moneys belonging to the Village of Buffalo Grove
• Water-50-042-9 Fund, County of Cook & Lake.
This said bank be and it is hereby authorized to pay
out the funds of this Village on deposit with it from time to
time upon checks drawn upon said bank and signed in the name
of the Village by the Village Treasurer, The Village Clerk and
the President, whether said checks are payable to the order of
the Village or to any third party or to the order of any signing
or countersigning officer of the Village.
That the Village Treasurer be and he/she is hereby
authorized to invest any funds on deposit in U. S. Government
securities maturing in not more than five years from the date
of purchase.
That, Rosalie L. K S ubow�ski , the Village Clerk
of the Village, shall file with the ,sa Dank a certified copy
of this Resolution under the corporate seal of this Village and
shall also file with the said bank a certified list of the
persons at the present time holding the offices of President,
Village Clerk and Village Treasurer in this Village, and it
shall be conclusively presumed that the persons so certified as
holding such offices continue respectively to hold the same until
said bank is otherwise notified in writing by the Village Clerk
of this Village.
That this resolution shall be in full force and effect
and binding upon this Village until it shall have been recinded,
and written notice of such recission under the Corporate seal shall
have been delivered to said bank.
Approved this July 6 19-40•
Adopted this July 6 • 19 70
Ayes: 6 Nays: 0
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illage Clerk