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1976-03-01 - Resolution 1976-07 - Buffalo Grove National Bank signatories for Water Fund Depreciation and Contigencies Savings Act. VILLAGE OF BUFFALO GROVE WATER FUND DEPRECIATION CORPORATION AND CONTINGENCISAVINGS ACCOUNT 7 4-n -7 • I, th' undersigned, Do Hereby Certify, that the following is a complete, true and correct copy of certain resolutions of the Board of Directors 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 org..nized) which resolutions were duly adopted at a duly called meeting of the said Board, held on (Date of meeting) 19 , 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of the corporate seal and of the minutes and records of this Corporation; and that the said resolutions have not been rescinded or modified: Be It Resolved, that the Buffalo Grove National Bank be and hereby is designated a depositary in which the funds of this Corporation may be de-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 Village Treasurer 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 Manager, Daniel T. Larson, or Village Treasurer, E. James Shirley (one must sign) and Village President, Edward A. 'Fabish, or Village Clerk, Verna L. Clayton (one must sign) . (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. B It Further Resolved, that the_ (Please indicate in what manner the above named officers are to sign—singly, any two, or jointly, etc.) STOCK KOSM SDS.S BANKFORMS. INC ii o + '- Corporation (are) (is) authorized to borrow from time to time on behalf of`this Cor- poration , . the said Bank such sums of money for such times and upon such terms as may to them, or any . em, seem advisable, and to execute in the name of the Corporation notes, drafts, or agreements o re-payment of any sums so borrowed, and they and each of them are hereby authorized to .• .•4 nt with the said Bank any of the notes, bills receivable or acceptances held by this Corporation •. such terms as they may deem advisable and to pledge or hypothecate as security to said Ban - • of the notes, bonds, stocks, bills receiv- able, warehouse receipts and/or other documents, accoun ., unities and/or property of the Corporation, and to execute and deliver any and all endorsements . • truments of assign- ment or transfer which may be necessary or proper in such cases effectu. o transfer to the 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 Buffalo Grove National Bank 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. I Further Certify that the following named persons are the officers of the said Corporation, duly quali- fied and now actin as such: ` J / �Villa e � i�u' � Edward A. bishPresident Asst. Secretary Village Cler // �k 'VirP-Prpcirlpnt ``- na L. roe ton Asst. Treasurer Village Man:�_ 44 . .3 ice. '-resident = • - ' e Adios, a on Secretary op. ` . Treasurer James Shirley In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this__---day of__` G� , A. D. 19 7 . SEAL Secretary. IMPORTANT: Imprint Seal of Corporation Here. VILLAGE OF BUFFALO GROVE WATER FUND DEPRECIATION CORPORATION • AND CONTINGENCIT SAVINGS ACCOUNT 7 G—n `7 I, tha undersigned, Do Hereby Certify, that the following is a complete, true and cot-feet cbpy of certain resolutions of the Board of Directors 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 (Date of meeting) 19 , 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 Buffalo Grove National Bank 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 Village Treasurer • 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 Manager, Daniel T. Larson, or Village Treasurer, E. James Shirley (one must sign) and Village . President, Edward A. *Fabish, or Village Clerk, Verna L. Clayton (one must sign) . (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/dr 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. B It Further Resolved,that the • • (Please indicate in what manner the above named officers are to sign—singly, any two, or jointly, etc.) STOCK COMM SS•S SANK FORMS. INC • ` , V o • Corporation (are) (is) authorized to borrow from time to time on behalf of this Cor- poration . I the said Bank such sums of money for such times and upon such terms as may to them, or any . •em, seem advisable, and to execute in the name of the Corporation notes, drafts, or agreements o re-payment of any sums so borrowed, and they and each of them are hereby authorized to .' .. nt with the said Bank any of the notes, bills receivable or acceptances held by this Corporation . such terms as they may deem advisable and to pledge or hypothecate as security to said Ban of the notes, bonds, stocks, bills receiv- able, warehouse receipts and/or other documents, accoun , urities and/or property of the Corporation, and to execute and deliver any and all endorsements ' truments of assign- ment or transfer which may be necessary or proper in such cases effectu o transfer to the 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 Buffalo Grove National Bank 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. I Further Certify that the following named persons are the officers of the said Corporation, duly quali- fied and now actin as such: l/ actin ED ( V. President Edward A. Fabish Asst. Secretary Village Cler,, ed yirP-PrPsu3ant re na L. ton Asst. Treasurer Village Man."tt �� AUce-P.,r Wdent / = - . e l . - on . Secretary op.' -6(?-4` Treasurer James Shirley In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this- _. day of— / , A. D. 19 7‘. //LIG, -------7"--. • SEAL Secretary. IMPORTANT: Imprint Seal of Corporation Here.