1985-04-15 - Resolution 1985-17 - THE BANK OF BUFFALO GROVE IS DESIGNATED A DEPOSITORY IN WHICH THE FUNDS OF VBG MAY BE DEPOSITEDRESOLUTI0N NO. 85- 17 CORPORATION
I, the undersigne d, Do Hqcbt CatilT, that the following is a complete, true and correct copy of certain
resolutions of the Board of Directors of Vt11ag e of Buffalo Grove(Flre PensionFund)
(Nso. ot corDoratloD ln (uU)
s corporation duly organized aDd existing under the laws of the State of IL L tN l0s
(NrEG ol Sll(! wh.r! oErDrr€d)
which resolutions were duly adopted at a duly called meeting of the said Board' held APRIT 1
19 8q , a quorum being present, snd 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 resclnded or modified:
Bc lt Rcsobed, that t ho BANK OF FtrAl n CAO\rF
be and hereby is designated a depositary ia which the funds of this Corporation may be de-
posited by its officers, agents, and employes, and that the V ILLAGE TREA SURER
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 designatlon of the person
meking the endorsement.
Be It Fsther Resolved, that t V I LLAGE PRES IDENT VERNA L. CLAYTON or
V I LLAGE CLERK JANET tl. SIRABIAN or VILLAGE MANAGER \./ I LL IAM R. BALLING or
F I NANCE D IRECTOR,WILLIAM H. BRll,lH (one must sign)and V ILLAGE TREASURER,
PAUL KoCHENDoRFER (must s ign)
lTitld ot olEc.r. t!d/o! orhcr D.rutr. iuthorized !o daD ch.cl.: o, t.: Prc.ld€nl. Trsxu..!, ct..i also Dlcs€€ htdicll. ln wh8! Itrrn-
;.! rb. sbovo DrDlcd'oEc.r. rr! to .{E----daatr. et I'o, o! lolEtlr. olc.)
of this Corporation (are) (is) authorized to SIGN ANY AND ALL CHECKS' DRAFTS,
AND ORDERS, including orderg 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, snd that the said Bank hereby is
authorized to honor any and all checks, drafts and orders so signed, including those drawn tn
the individual order of any such offEcer 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 lt Fwthet Resoh,cd, thzt th N/A \
(PL.r irldlc.t la rhrt oenc! lbo rbvc u.e.d oE(tr .E to .ar---.!nalJi. &, Ito. o. roirur. ol..)
of this Corpor.rtion (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 thcm, or any of them, seem advisable, and to execute in the name of the Corporation notes,
drafts, or agreements for thc re-payment of any sums so borrowed, and they and each of
thcm 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 Banh any of the notes, bonds, stocks, bills receiv-
able, u arehouse receipts and/or other documents, accounts, securities and/or property of the
Corporation, and to cxecute 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 Fstther Resolted, that this corporation by its duly authorized agent, enter into an
agreement with the sai BANK OF BIIFFAI O CROVF
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 sny funds in possession of the said Bank to the
crcdit of this corporation may at any time be applied toward payment of such expenses.
Be lt Fu her Resobed, that each of the foregoing resolutions shall continue in force un-
til express rvritten 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
s'ithout 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 Fwtha Ccttifu that the following named persons are the olficers of the said Corporation, duly quali-
fied and now acting as such:
rl
Presiden
t
Vice-President-
Asst. Secr
Vil laoe llanaoer- VJil I iam R. Bal I ino
r Verna L. Clavto
Vice-Presiden
Villaqe
Secretlry Clerk Janet M. Sirabian ce 0 lreclor: Williaoi' Brimm
Treasu Paul Koche ndo r fe r
wheteof,I have hereunto subscribed my name and affixed the seal of the said Corporation,Ir Wi acts
this_ 15th 6 Ar:ri I A.D. 19 85.ay
&'tdr.or,.
SEAL
TMPORTANT:
Imprint Seal of
Corporation Here.
r k Scerct ryVi lla
ge President
Asst. Treasurer-
Vlllage of Buffalo Grove Flre Penslon F.
- I/we hereby .agree,to confo.m and abide by rhe Rules and Regulations governing savings
deposirs and depositirs ot BANK .OF BUFFALO CROVE. BUFFALO dnOVp, llUwOtSl and aiy
amendments or additions thereto hereafter mrde, wirhoul further notice-
E coBPoRATroNE PARTNERSHIPE soLE owNE RsHrP Treasurer Required SIGNATUR€S
REOUIFEO
PR INT OR TYPE NAME
2. Janet H. Si rabian
TITLES
illa e Clerk
i nance Di rector
Iage Treasurer
t
3
a. l.li I I iam H. Brimm
5. Paul Kochendo rfe r
AooREss 50 Rauoo Blvd.Buffalo G rove PHoNE No. 459-2 500
SIGNATURES
2
l.O. No.DATE OPEN EO IN ITIAL DEPOSIT OPEN EO AY
AUSINESS SAVINGS ACCOUNT
5'252505t
E=
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1
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Wtr "(r;,-t ts '"0lrr,
L-
-:-
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TE
50
K UNTS
R ER
ED
DB ER LI NO.
ST ATE TO Vi I la e all UO BI BU f I avd
REMABKS Actual cas h wi thdrawal s req uire 2 slg natures one of wh ich
must be the Vil lag e T reas ure r. lnvestments w i re transfers wi I I
fol low current di re ction now on fl Ie'
RI
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