1977-06-06 - Resolution 1977-34 - Application and Agreement to Participate in Illinois Public Treasurer's Investment Pool \,s/
RESOLUTION NO. 77
RESOLUTION APPROVING ILLINOIS PUBLIC TREASURER'S
INVESTMENT POOL AS A DEPOSITORY.
WHEREAS, Chapter 85, Section 902 of the Illinois Revised
Statutes (1975) authorizes the Village of Buffalo Grove to invest
in the Illinois Public Treasurer' s Investment Pool; and
WHEREAS, the President and Board of Trustees deem it to be
in the best interests of the Village for such investment;
NOW THEREFORE, be it resolved by the President and Board
of Trustees of the Village of Buffalo Grove, Illinois , Cook and
Lake Counties :
(1) That pursuant to Chapter 85, Section 902 of the Illinois
Revised Statutes (1975) the Illinois Public Treasurer' s Invest-
ment Pool shall be and hereby is a named depository for the
Village of Buffalo Grove;
(2) That the Village Finance Director and the Village
Manager are hereby authorized to execute the Application and
Agreement to Participate in the Illinois Public Treasurer' s
Investment Pool attached hereto and made a part hereof as
Exhibit "A";
(3) That the Village Finance Director or the Village
Manager is authorized to purchase and sell participations in
the Pool for the account of the Village of Buffalo Grove.
AYES : NAYES : 0 Absent :
PASSED: G ,1977.
APPROVED. L ,1977
Village of Buffalo Grove
/itBy ( ChuC L'r (7c7
resident
ATTE .
Village Clerk
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Application and Agreement to Participate in
Illinois Public Treasurer's Investment Pool
To:
ALAN J. DIXON, TREASURER
STATE OF ILLINOIS, SPRINGFIELD (v -9.7 7
Fiscal Agent for (date)
Illinois Public Treasurer's Investment
Pool ("Pool")
The municipal corporation listed below, ("participant") , hereby agrees to
participate in the Illinois Public Treasurer's Investment Pool established
by H. B. 1649, 1975, and warrants as follows:
1. VILLAGE OF BUFFALO GROVE
(Name of Municipal Corporation) Cook/
50 Raupp Boulevard, Buffalo Grove Lake
Illinois
60090
(Address) (City) (County) (Zip)
is a municipal corporation organized under the laws of Illinois and is
legally authorized by its governing body to become a participant in the
Pool ;
2.The person(s) whose signature(s) appear(s) below is (are) authorized to
purchase and sell participations in the Pool for the account of the partici-
pant, and you will be notified promptly of any change in the authorized
personnel ;
3.Any sale or distribution from the Pool by check, draft, wire or otherwise
shall be paid by the Pool to:
BANK OF BUFFALO GROVE For credit to the account of
(Name of Depository Bank)
VILLAGE OF BUFFALO GROVE 800022
(Name of Municipal Corporation) (Account Number at
Depository Bank)
4.The participant accepts the terms and conditions of the administration of
the Pool as outlined in the circular of the State Treasurer dated December
22, 1975, with the understanding that there will be no changes therein
without previous written notice.
VILLAGE OF BUFFALO GROVE
(Name of Municipal Corporation)
tmatimmR.
k1
Wi i R. al g, V4 l.ge Manager
I
Authorized 4 icer s)
Richard W. Glueckert , Finance Director