1980-08-18 - Resolution 1980-39 - Bank of Elk Grove required signatures r
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Resolution 80 -3 9 CORPORATION (Checking)
RESOLUTIONS OF BOARD OF DIRECTORS
h Janet Sirabian , Do Hereby Certify that I am
Village Clerk
the duly elected / appointed and qualified and keeper of the corporate seal and of the minutes and
records of Village of Buffalo Grove
(Name of Corporation in fui)
a corporation organized and existing under the laws of the State of Illinois
(Name of State Where Organized)
and that the following is a true and correct copy of certain resolutions duly adopted at a meeting of the
Board of Directors thereof, convened and held in accordance with law and the by-laws of said corporation
on Auqus t 18 _ 1980 , a quorum being present, and that such resolutions are
(Date of Meeting)
now in full force and effect, have not been recinded or modified and are not in contravention of, or in
conflict with the by-laws or the charter or articles of said Corporation, and that the following resolutions
also constitute an agreement by said Corporation with the Bank of Elk Grove, in respect to the matters
herein set forth:
Be It Resolved, that the Bank of Elk Grove, Elk Grove Village, Illinois (hereinafter sometimes
referred to as the "Bank") be and hereby is designated as a depository in which the funds of this
Corporation may be deposited by its officers, agents and employees, and that such officers, agents and
employees shall be and each of them hereby is authorized to open and maintain an account or accounts with
said Bank and 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 made in writing or by a stamp and without designation of the person so
endorsing, and it being understood and agreed that on all such items deposited all prior endorsements are
guaranteed by this Corporation whether or not expressly incorporated therein.
2 For actual cash withdrawals
Be It Further Resolved, that any 1 For wire transfer of funds of the following
(Number of Signatures Required)
versa L. Clayton, Village President or Janet Sirabian, Village Clerk
and William R. Balling, Village Manager , or William H. Brimm, Director
of Finance .
(Titles of Officers and/or agents,employees or other persons authoric.d to sign checks)
of this Corporation is/are 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 or accounts of this Corporation with said Bank, and that
said Bank is hereby 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 agent, employee or other person signing the same,
without further inquiry as to the circumstances of their issue, use or disposition of the proceeds thereof; and
to make and from time to time continue to make arrangements and to issue such instructions as to him/them
shall sec':n proper for the conduct of any such account or accounts.
6ans
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And Be It Further Resolved, that each of the aforementioned officers or persons authorized to act for
this Corporation in any case aforesaid, shall be and hereby is further authorized, without the concurrence of
any other officer or person:
To waive presentment, demand, protest and notice of dishonor or protest and to give instructions in
regard to the handling or delivery of any negotiable or non-negotiable papers or documents involved in any
transactions for or on behalf of this Corporation, and
To act for this Corporation in the transaction of all other business for its depository account or
accounts and to sign orders and issue instructions to the Bank in connection therewith.
And Be It Further Resolved, that each of the foregoing resolutions shall continue in force until
express written notice of its recission or modification has been received by 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 said Bank to act thereunder, that 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.
And Be It Further Resolved, that then s a e 1 e.rk
� o this Corporation be and hereby is authorized to
certify to the Bank of Elk Grove a copy of these resolutions and the names and signatures of this
Corporation's officers or employees hereby authorized to act in the premises, and said Bank is hereby
authorized to rely upon such certificate until formally advised by a like certificate of any change therein, and
is authorized to rely on any such additional certificates provided that any additional certificates shall not be
effective with respect to any check or other instrument for the payment of money dated on or prior to the
date of such additional certificate but presented for payment after receipt thereof by the Bank.
This agreement shall be governed by and construed in accordance with the laws of the State of
Illinois.
I further certify that the following persons have been appointed or elected, have qualified and are now
acting as officers or employees of said Corporation in the capacity set before their respective names:
Village Villa e Clerk
PRESIDENT Verna L. Clayton ��XV Janet Sirabian
VICE-PRESIDENT TREASURER
VICE-PRESIDENT ASST. SECRETARY
Finance Director
,;,,$$BR William H. Brimm ASST. TREASURER
Village Manager William R. Balling
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In Witness Whereof, I have subscribed my name as iiiiiittireanThearvie caused the Corporate Seal of
said Corporation to be hereunto affixed this 18th day of August 19 80
0Aoia Lryi.
imin
Affix Corporate Seal Below Village Clerk
SEAL
stii)
,z 4-: of Elk Grote
BUSINESS ACCOUNTS
PLEASE PRINT ALL INFORMATION
Name of Account village of Buffalo Grove
Type of Business Municipal Government •
Type: ( ) Checking ( ) Savings (X) Certificate of Deposit
( x) Corporation ( ) Partnership ( ) Sole Ownership ( ) Organization or Association
Business Address 5 0 Raupp Blvd
Buffalo Grove , Illinois 60090
(City),State,Zip)
Mailing Address 50 Raupp Blvd
Buffalo Grove , Illinois 60090
(City,State,Zip)
Taxpayer's ID# 3 6—2 5 2 5 0 51 _Business Phone# 4 5 9—2 5 0 0
AUTHORIZED SIGNERS:
1) Name Verna L. Clayton Title Village President
2) Name Janet Sirabian Title Village Clerk
3) Name William R. Balling Title Village Manager
4) Name William H. Brimm TitleDirector of Finance
5) Name Title
2 For actual cash withdrawals
Number of Signatures Required 1 SpeciallnstructionsFor authorizations of transfers by wire only
Person to contact in case of questions William H. Brimm
Home Address 916 N. Gibbons Phone# 392-5335 '
Arlington Heights , Illinois 60004
(City,State,Zip) .
Present Bank Bank of Buffalo Grove & Buffalo Grove National Bank
Previous Bank N/A
Other Bank Accounts Here Commercial Banking Loans
—. Initial Deposit Account#
Source/Introduced by Transfer From
Investigation
Date_ Opened by
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ACCOUNT#
LOCATE #
•: CORPORATION( x ) PARTNERSHIP( ) SOLE OWNERSHIP( ) ORGANIZATION OR
ASSOCIATION ( )
CHECKING( ) SAVINGS(X ) #SIGNATURES REQUIRED See Resolution
AUTHORI GNERS: OFFICER
tieVTITLE Village President
2) /V:1/74,.... cR/ 4 Village Clerk
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TITLE
-011P
3LtJi.LbA1W k . .116. r I TITLE Village Manager
4) tAIA/144. itt Mg TITLE Director of Finance
5) TITLE
ADDRESS 50 Raupp Blvd PHONE 9459-2500
• ; DATE OPENED 8-18-80 INITIAL DEPOSIT OPENED BY
60-59
This account is subject to the By-Laws of the Bank from time to time in force and effect and to the Rules and Regulations of the Bank,
including those relating to charges,from time to time in force and effect.
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