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1979-03-19 - Resolution 1979-17 - Buffalo Grove National Bank signatures for Golf Course Debt Service Fund BUFFALO GROVE GOLF COURSE - DEBT SERVICE FUND ACCT : 0401989020 RESOLUTION 79- 17 CORPORATION • I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy of certain resolutions of the Board of Directors of BUFFALO GROVE GOLF COURSE. DEBT SERVICE FUND (Name of corporation in full) a corporation duly organized and existing under the laws of the State of ILL I N 0 I S (Name of State where organized) which resolutions were duly adopted at a duly called meeting of the said Board, held on 3/5/7 9 (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of the corporate seal and of the minutes and records of this'Corporation; and that the said resolutions have not been rescinded or modified: Be It Resolved, that the }( Buffalo Grove National Bank.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 N/A 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, William R. Balling or Finance Director,William H. Brimm (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, • I ORDERS, including orders or directions in informal or letter form, against any funds at any • standing to the credit of this Corporation with the said Bank, and/or against any account o a is Corporation with the said Bank, and that the said Bank hereby is _. • authorized to honor a •nd all checks, drafts and orders so signed, including those drawn to the individual order of any officer and/or other person signing the same, without fur- ther inquiry or regard to the aut' • of said officers) and/or other persons) or the use of said checks, drafts and orders, or the • a eeds thereof. Be It Further Resolved, that the_ • • (Please indicate In what manner the above named officers an, to sign—singly, any two, or jointly, etc.) • • STOCK FONN ••s-!1 OKNKFONMS, .MC , • is Corporation (are) (is) authorized to borrow from time to time on behalf of this Cur- poration the said Bank such sums of money for such times and upon such terms as may to them, or any o , seem advisable, and to execute in the name of the Corporation notes, drafts, or agreements foil—heyrJ-payment of any sums so borrowed, and they and each of them are hereby authorized to dis`cbuntovith the said Bank any of the notes, bills receivable or acceptances held by this Corporation upon-such terms as they may deem advisable and to or pledge hypothecate as security to said Bank an`yof,the notes, bonds, stocks, bills receiv- able, warehouse receipts and/or other documents, accountssecurities and/or property of the Corporation, and to execute and deliver any and all endorsements or instruments of assign- ment or transfer which may be necessary or proper in such cases effectually le-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 Baal( 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 ircur"d by it in so acting after such revocation or termination without s;:,.h notice. I Further Certify that the following named persons are the officers of the said Corporation, duly quali- fied and now acting as such: Prt+sid:,nt._Edward A. Fabish Asst. Secretary Vice-President Asst. Treasurer Vice-President Village. Manager William R. Balling Village Clerk Finance Director William H. Brimm Seer4ary Verna L. Clayton Treasurer• __ In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this._ t .—day of , A. D. 19 / .. SEAL iLlendiEev. Village Clerk 1\11'ultTA NT: Imprint Seal of Col poration Here.