1981-07-06 - Resolution 1981-35 - RESOLUTION TO CHANGE THE SIGNATURES FOR POLICE PENSION FUND AT BUFFALO GROVE NATIONAL BANK 0401712920
RESOLUTION NO. 81 - 35 CORPORATION
A RESOLUTION TO CHANGE THE SIGNATURES OF THE
BUFFALO GROVE POLICE PENSION FUND
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 Pol i ee Pensi on 'Puna
(Name of corporation in full)
a corporation duly organized and existing under the laws of the State of I]13 nois
(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not been rescinded or modified: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 Grave National Rank
be and hereby is designated a depositary in which the funds of this Corporation may be de-
• r
posited by its officers, agents, and employes, and that the Buffalo arovP Pol i re
Pension Board •
shall be and each of them hereby is authorized to endorse for deposit or negotiation any and
all checks, drafts or telephone orders, 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 by the written or stamped endorsement of the company without designation of
the person making the endorsement.
•
Be It Further Resolved, that the Pension Board President, Robert Back, or
Pension Board Trustees, William Urry or Gary Del Re, or Village Treasurer,
Paul Kochendorfer (2 must sign for actual fund withdrawals or 1 must
sign for wire transfers to authorized investment accounts)
(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.
Be It Further Resolved, that the_ Does not apply
(Please indicate in what manner the above named officers are to sign—singly, any two. or jointly, etc.)
Authorization for Telephone Transfer
Savings Account #—__-__ Checking Account #
1,we hereby authorize • to make transfers per Phone Authorizations.
Cadwallader & Johnson, Chicago. Form No. CR-5.
4 A
•
of this Corporation (are) (is) authorized to borrow from time to time on behalf of this Cor-
poration from the said Bank such sums of money for such times and upon such terms as may
to them, or any of them, seem advisable, and to execute in the name of the Corporation notes,
drafts, or agreements for the re-payment of any sums so borrowed, and they and each of
them are hereby authorized to discount with 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 pledge or hypothecate as security to said Bank any of the notes, bonds, stocks, bills receiv-
able, warehouse receipts and/or other documents, accounts, securities 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 to 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 acting as such:
President Robert Back Asst. Secretary
Vice-President Asst. Treasurer
Vice-President Trustee: Robert Greenberg
Secretary Wi 11 iam Urry Trustee: Gary Del Re
Treasurer Paul Kochendorfer
In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation,
this.. 6th day of July , A. D. 19 $1
*.i4k urr, 2.mAlut.
SEAL V i 11a. C l e r k g919t'R#9
IMPORTANT:
Imprint Seal of
Corporation Here.