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1982-12-20 - Resolution 1982-61 - CONTINENTAL ILLINOIS NATIONAL BANK OF BUFFALO GROVE N.A. AS A REPOSITORY ` CORPORATION Resolution #82- 61 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 the V i 11 a gP f R u f fa l o G rove (Name of corporation in full) a corporation duly organized and existing under the laws of the State of ill i no Fs (Name of State where organised) which resolutions were duly adopted at a duly called meeting of the said Board, held on December 20, (Date of meeting) 19 82 , 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of the corporate seal and of the minutes and records of this Corporation; and that the said resolutions have not been rescinded or modified: Belt Resolved, that the Continental Illinois National Bank of Buffalo Grove, N.A. be and hereby is designated a depositary in which the funds of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 V is 1 1 a g e 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 President, Verna L, Clayton, or Village Clerk, Janet M. Sirabien (one must sign) and Village Manager, William R. Balling or Finance Director, William H. Brimm (one must sign) One Signature required for wire transfers (Titles of officers and/or other persons authorised to sign cheeks; 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 (Please Indicate In what manner the above named officers are to rign—singly, any two,or fofntly, etc.) f AFC FORMS NO.CR-5 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 saidContinental Ill . National Bank of Buffalo Grove. N.A. 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 Verna I r.l ay tan Asst. Secretary Vice-President Asst. Treasurer Vice-President Vi 1 lagc. Manager Willaim P Railing SMUt(y1( Janet M Sirabian FinanoP Director William H Rrimm Clerk Treasurer Paul Kochendn-aer in Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this 20th day of December , A. D. 19 82 . - ` X,y,:t111 �. .a SEAL Village Clerk IMPORTANT _ - -Imprint Seal of, Corporation Hers - CORPQRATION Resolution #82- 61 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 the V i I L-igF. o f—B of f i1 o 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 December 20, (Date of meeting) 19 82 , 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: Belt Resolved, that the Continental Illinois National Bank of Buffalo Grove, N.A. 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 VFl lage 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. BeltFurther Resolved, that the Vi 1 lage Pres i dent, Verna L, Clayton, or Village Clerk, Janet M. Sirabien (one must sign) and Village Manager, William R. Balling or Finance Director, William H. Brimm (one must sign) One Signature required for wire transfers (Titles of officers and/or other persons authorized to sign cheeks; 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 (Please indicate in what manner tbo above named officers are to sign—singly, any two, or Jointly. etc.) UPC PORN, NO.CR-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 Continental Ill . National Bank of Buffalo Grove. N.A. 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 V P r na i r l Ay ton Asst. Secretary Vice-President Asst. Treasurer Vice-President Village Manager W i i l a l m R Railing I 1? .lanet M Si rabian F. .nanrP ni rPrtor William N Rrimm Clerk Treasurer_P_aul Kochendorfer In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this 20th day of December , A. D. 19 82 . SEAL XArkiff. Village Clerk IMPORTANT: Imprint Seal of Corporation Here.