1985-12-10 - Resolution 1985-70 - CONTINENTAL BANK OF BUFFALO GROVE IS DESIGNATED AS A DEPOSITARY OF VBGDrs!-.ar lly!,a
Buffalo Grov
IESOLUTIONS OF EOARD OF DIRECTT
PJSOLUTION }IO. 85- 70Janet M. Sirabian
CORPORATION
do hereby cerlrlY
e
, ! co,poralion organized and existihg under thc laws of
The State of Illlnols lnd thal lhe ,ollowing is a true lnd correcl copy ol cenaan resolulions dulyrdopted st! maeting ol thr goa.d ot Oi,sctoB thorgof.convened aad held in accordanc€ wilh lawand lhe by-laws ol said corpo.ation on
th€dlyo, December , 1931-. tnd rhtt such ,esotutions lre now an tu torcc lnd cflect
and are nol in conllavention of, o, in contlict with Ihe by-16w3 orthe ch.ner or arlictes ot incorporation ol said co rporalaon, and Ihal the,ollowing resotutions also conslitulo !n agre.msnt by said corpo.ation with Continentat Bank ot Buftato Grove,N.A. in .espect to lhcmatters herein sel lorth:
':!'"- ' BE lT ,arOarrD ,*,
"ontinentst
gaaf o, 8ufiato Grove. N.A. be 8nd hereby is desagnttcd as adoposita.y o, thlt co.por.tion. Tho d€positaty telalionship governed by th6s€ rcsolutions.nd agree.ents rrl"y o'e Gr.lniteo uy tnisCorPoration by wrin6n notic! to ssid b!nk, or by grid bank by written notace to thig corporation.
ANO BE lT FUFTHEB RESOLVEO, Thrt rny 2 Cone for r.r'l r" p tren cfor$) ths rolowtng:
r
BE lT FURTHEB RESOLVED, Thal iho runds orthis corpotation may be deposited by it3 ottice6,.gentsand employset lnd thal ths Prosidont. rny Vico Pr$ident,lhg Trsasu,or, ony Assistant ireasurer, ttri Secre-tary, aniisslst"nr S""rit"ry,o, any otherollic€tol this corporalion be and hereby is authorizsd to opon.nd maintain sn account or acco;nts;ith said Bank and iotndoJse 8nd dgP:slt with$id Bank.ngggtisbl€ iNttumsnt! lnd orders ,o,lhc payrEnt ot money which lndo,ssma.t! may bs m.do inrtltlng o. by I !t!mp lnd wlthoul d.lignstion ot thc poEon !o ondorsing. rod il baing und€Giood lnd tgrlcd th.t on lil luch it6mtdlposited !ll prloicndorlgm€nt!trogu!runle€d bythig corporatlon whcth;.ornot slpr;ssly incorpo,ated th;crGln. s!id Eank rEy.!lurnto this corporlllon !nyltem nol cloatly andoBod by ths co.porllion, ormay cndorseanysuci item on lhrcorporalon'! behstt in ordrrlolacilitato collcstlon. Tho 8!nk shall not bo lirbls roi rnydelly! ln thc prerenlment or rriurn ornego abts insirumrnlg tnd ordrrr lor th!plyment Ot mon€y which !i! not p,oprrly cndo6od.
Alsistlrit€acrctat-aa Vtllage ?resident . Verna L.Clayton or V11laee C1erk.Janet l!.Slrabian :
H Br -l one must si(g n )
=at
Cr
oz
O.Glooourz
ooz
oz
2
o
o
l hra.irl ll inartrE !b.,
To mstclnd lrom timrlotlm€ conlinueto mak
,or lhs conduct ol lny such lccounl or account!, lnd
a lrrangenont and ro issu. suci tnsrrusrion.
"r
rc |
'lf,
I snatt seem proper , -
{Ux bhrr to.c.r to. rdd,lo t t0{ o. ro &$oar. cou6lnr9Dt!.... Foh o.n .n .p.c.. ,!or.o r..a, eub orn h ot !r oflic.n .ot .sino.td to i!6.,
depositary ol this corporation be8
Thst Continental ganl ol Buftal
To gign checks and order! to, thg payment ol monay withdrawing lunds trcm saidaccount o,accoual! whelher such checkslnd ordeE ctGal6 or lncrease an overdralt oJ said-account or aciounts oinot.ip"yr,l"nr or non paymenl o, any such overdratt lg be at theoption ot said Bank), and said continenlsl Bank ol Butralo G.oy", H.a. ii iri,ieoy arrnorired and directed to act upon and hono. any
*tj::tl:1"_:3 !:1"!-"-"! t9 honor,rav.nd chsrge to rnyaccount oiai"ornr". or ru."orpor.rion s checks and orders ror the paymenl ot
:l'::y^:? i1l:l:l9n-so signed-without inquiring as lo the ci,cumstances ol their issue orthe disposition ot their proceeds. whethersuchcnecxs De p8y6Dl€ lo the order ol. o.6ndolSed o, negoliated byanyoflicer gr rrorson signinq them, orsny o, said oiicers oa pe.son! in theirlndividusl capacities or not. and whether they 8re de-posated loihe inoiriorarir"air ot oi rsnie."a in p"vite"ioiti" iiiiitiu"l oorig"rion otlny oflice. or person signing them gr ot any ot the othe, ot ice6 ol persons o, not, and
To cndorsa to. negoliation, negotiale, and tecslvc lhs procGldr ot lny oegotiablo instrum€nts or orde6 to, the prym€nt otmoney pryablo to o, belonging to this corpo.ation, and
To i.rentily.8pprove, €ndorse. and guarante€ the6ndors€mentot!nypayeeorGndor!€,on anychgck! ordralt3wh€therdrawnbv lhi! co,pontion ot anyone els6 and to gua.anteo the paymenr rnereot, ani ieregsL 6;iti;;;;il;riil;;"-ioliiitv.
"pp,or", "noondo6e' and guarantee the endoBeme.t ot any payee oi endorser on any such cheiks or oratts ano tJguirantieitr. piv,tllnt rn"r.or.
therorders forthe paymenl
name, including thossdrswnto the individual order gf any person orcorporation's persons w
t.
that I am ths dulv
{ iffi", } -o o*,n,* 9!.I5
"no
,ne keepe, or rhe r€cords and corpo.are sear o, -ll1lte.ee--eL-
.( y
ot lhi! coiporation bs !utho.iz6d: r
. I il
(one must slqn) or v111aAe Manager, Illlllian P.. Balllng or Flnance Dlrector. I'Ill1larn
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IgF
o2
9
F(,
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f(,
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o
ucl ot sarcl accounl or accounls. and
ae9t'rflErcoiaaa,g.a.a.qEa.ataa.ac
o, lhe lollowrng.
iliesfor,
llnen .060., o, ..9n.ru...
and linental Bank ol Bultato G.ove. N.A. sha be entiled to honor and to charge this corporataon lor all such checks,Its or olherorders,ardless ol bywhom o. by what meanslhe lacsimilesi 9nalures thereon may havebe€nalfixed therelo, irsuch t ilesignalureot srgna resemble lhe facsirhite spectmens d ulyce.tiried I o or liled with Continentat Ban^ of Buflato Grove. N.A.he Secrelary oaother otlic o,lhis corporation
ANO gE ITFURTHER RESOLVEO.Th8Tan otthe above named peEons may iss a noralorwrillen stopDayftenl ofder h musl spec vity the precise account number. payee dale . amount and numb€r ol lhe itern (ch number shoulcl beMICR encoded it ilem isa ch eck). ll is lurlher agreed lhat said Bank may honor and charge to lhis corporal n checks, drafls, or olherOtders ,or the paym I ofmoney . otherwise properlypa yablewithout regard to lhe date thereon. and Bani w nol be responsible or liablelor any stop paymenl placed on any such items alter payment thereol. but in sdvance of its date.
AND BE IT FURTHER BESoLVEo. ThsI any of the lollowing
The Chairman of the Board Direclors. the P.esident, a
(hr.n nuib.r ot.igfl tur-
ny Vice Prssident, the T,easuTer, any A Treasurer, the Secretary, any
lur. bunt .p.c.. to..dd'r'o.r.l t,tb. o. to.8olt'od nll.. ol.x o .c.B not lulhonr.o to lcn )
ot this corpo.stion be luthorized upon such
To borrow moneyand incur liabll
I 3€em proper
recervable,lo enter Into, make. sign. and deti ver repu
of lhis corporalion.lo sell ordiscount ils bills anct accounls
and provisions and such coltateral powers as lo
similar agreemenls. t0 sign. execute. and del ,veraccepla
and other obllgattons ol th,s corporalioo fo r such .ats
roper. and
sl ruclion s ,or the handlin I and deliveryolthe proceedsof promissory
lhe bills and accounls receivabte, bifls ot lading, warehouse
ny moneys borrowed and as securaly lor an y liabality ancurred
. l€tte. of c,edit, guaranty. trust receipt or otherwise, snd
. trust receipt. or lny olher liens whether similar or
wilhoul limiting the gene.ality ol the toregoi hg, real
se receipts, slocls and bonds) from ti;e to Iime
irecl or conlingent, now or hereatter owi ng or to
neclion therewith to endorse and cleliver 6n
rm loan and olher agreements, including subordination and
otes (including notes with a contession ofrudgment ctause)
uch rate of interesl or discount, and conlainihg such termsamou
him
lhem s
To receive and .eceipt ror and to sign orders and issnoles and other obligstaons. snd
To pledge. endorse. guarantee, assign. tran
receapts. stocks, bonds. o,other property ot this c
or to be incurred by thrs corporation in connection wi
To grant liens (by way ot .Ilortgage,
dissimilar lo lhe loregoing) on 8ny and alt Iprope.ly. chaltels. materials. work in proceSs
owned by this corporalion, as securit ylota
become owing trcm thisqo,poration lo
such propertyor idterest lherein anal to ex ratyand lhe rights and powe6 of said Ban kwilh respecl lherelo. and
To buya.d sell toreign e milar instrumentsand lo., on behalf sndin lhe name ot this corpoGlion to purchase. sale, or negotiation o, anybills ol€rchange, tette.s ol credi ruments. andto receiveand receiptlor, and sign raceipts and trus and agreemenls in conneclion
lherewith, which orde,s.soem proper
ol the lollowing
The Chairman of I r. lhe Secretary, any
Assrslant Sec
iuia hl..t rau..a id .(r?rrr neE olr.I !Dr6 n.{ ao 4d Rlt d,rtrnot.Ioit,.{,s not.uthor,.6r lo sor ;
rs corporalion be authorirecl upon such terms and cohditions to him
them shall5€€m proper-
To detiver to and deposil wilh ContinentatBank ol Bu[ato Grove, N.A lorsa leleeping. custody. o. other purposes any bon dsstocls. sec ufllles. and Other prope rly own€d or olherwrse held by lhrs corporataon and i n conneclion thercwilh to open and marntain wilhsarc Banl a saleleeDrng or custod y accounl or accounts and to make lhe rnrtial deposr I lherern and lrom lime lo time lo make other andaddrlronal cteposrls and to Srgn o rders and rsst€ rnslruclrons lo saia, Bant ,or lhe cond
c@nr.r{,on.tur6. Fut out .| 3Bc.. n6t
see
lnd condilions !o
behalland in thena
, revolving crec,i
and
such ti
him
them
ui liabilities in connection therewith aod in connection with
tions, lnd agreehents may conlain such provisigas as to
ot
Board oi herectoB.a ce the an Tv
moneys borrowed and .ny liabilities.
ne6tal Bank ot Bulfalo Grove, N.A. and
uteand c,elive , agreemenls concerning such
rsle hc kec s,b ols lad and sim lang
(ethe lotpls and n Uexec anle,dsrg caappli
ca
ANO BE IT FUBTHEB RESoLvEo, ThsI any
anyacce9lance, n
assecurityto
. and deli
ge. assignrnent, factor's
or interesl lherein (includi
and accounls receivable. wa
nge.lo purchese letteG ot credit. travele.s'checks, an
him
them
ozo
F
ioif,iX
'.r3 XF- =o;iza2
=o2e3gt
TJ
.Eo
Assistanl Secretary. or
dralls.accePlances.
to deliver orders.
ol President,President.Treasurer,Assislanl
----f o-fi tnEraE,-rgEEtvE:E @rFfon
c-6rporalion. and lo sign orders and a\il6 inslructions lor the handling. tra
s s
substituiion. exchange,and of
dny bond3. slocks, securaties, and other propertyand lhe proceeds lhereol with or otherwise d 8an! lor
the accounl ot lhis corporalion. Such withdrawals, subslitutions. exchanges, and delveries whelhersubject lo or not and whelher
pursuant lo sale, exchange. or olher transactioo, mayjso be made by the beare, of 8ny order.fecer uesl so signed. and
To purchase bonds, slocks, securities, and other propeny and lo si and issue inslruclions in cgnneclion with lhepurchase. lhe paymenl, lhe legislration, and lhe detryery thereol. and
To sell, ptedge, transter. .ssi9gimilar commitlee, or othorwise dispose oa s, stocks, securitie3. and olhe. prof,erty belonging to or standing in lho name of ihis
posil with any teorganizatign commitlee. bondholders p,otecliv€. ot oth€r
nsler- reoislratior.
, deli"er; to. deDoiYrted
!,'
ll
OFFICEB Name OFFICER Name
Chairman o, the Board
Paul Kochendorfer
rnA 1 Clavton Janet l!. S irabian
Comptrollet
Assistant Treasurer
Assislant Secretary
Vrllage-lta-Dage.r.:-.trtilLj.an.fl.__Ra]ling -Efna-qeC__D!!
corporalion or its nominee or hetd corporalion tor the rccounl ot others, and lo sign orders 6nd issue instructions regarding lhe
handling of sny matters with SUch lransactions, lnd ,,,i,1 ;! ,',t ,t 1.
identity and guarantee assignmenls, taanste.E, and eodorsemenls ror trsnster on bonds,3tgcl certificates. interim,
rltomsy. I '(\)
AND BE lT FURTHER RESOLVEO. Thst this corporation a9.ees lo examine statemgnts ol accounl and
both sides ol accompanying itemsand to nolify Eank ol any unauthoriled ormissi.rg signature or a[eration of a nyitem, orany error in the
statemenl, within thirly da ys lrom lhe date il is available for examination or the date it is maited and agrees lo notify the Bank of any
unauthorized or missing or,orged endorsemenl within six months from the date it is available lor examination orthedate it is m.iled:failure
lo so notitythe Bank as pro vided above shall preclude this corporation lrom assertin g againsl lhs gsnk anysuch unruthorized or missingsignalure or endorsement,alteraiion. error, or lorgery.
ANO BE lT FURTHEB RESOLVED. Thal each olthelrorementioned ollicars. orpei3on3authorized to actlorthis co,poration in snycase ator63aid, shall be and horeby isrurther authorizgd, wilhout th€ cgncurencsot a;yotheroflics.or person:
To waive ptesenimenl. dernsnd, prol€st, lnd notlce oldishono.orprotBstlnd to 9iw instructions ln reglrd to the handling or
delivery ql sny 6ggsliabls o, non-negotiabl€ papeE or docunrcnts involved in any transacti;ns for or on beh8l, oithis corporstion. ;nd
To sign teconcilement3 and ce,tily lothe correctness ol stalements olaccountaniapprovsand authotiue !djustmentstherein,
and
.T-o act tot this corpor.lion in the tran$ction o, sll other busine3s tor its rccount and tg gign ords6 lnd lsrue instructions to
Continenlal Bank o, Buflrlo Grove, N.A in connection therewith.
ANO BE lT FURTHER RESOLVED, That the Secretary or any other otficsr ot this corporation bo andhereby isauthorized to cenirylo said Continental Bank ol Butfalo Grove. N.A. a copyof these resolutionsand thg namer rnd signatureg olthis corporation's olticers o, employees hereby authori:ed to act in the premises;;nd said Bank is hereby authorized lo rety upon suchcertificate until totmally advised by 8 like ceriilicate ol 8ny change therein. rnd i9 8uthorized to rcty on ;ny such additional ce.tificatesprovided that any additional cerlificates shsll notbeetlective with respect to anychecko,otheri.|strument fg;thg payment ot monsydstedon or prior to ihe dale of such additional certificate but presenled tor payment alter receipt thereot by the Bank.
ANY PBOVISION HEREOF which may bs declared unenrorceable under any law shall notatfecl lhe validity ol any other provision hereor.
This sgreement shall be governdd by and construed in accordance with the laws of lhe State ol lllinois.
I FURTHER CEBTIFY THAT the lollowing persons have been appointed or elected, havequalilied and are now acting as otficers otemployees of said corporatio; in thecapacityset befjriitr"iri"ipectire nares,
o, Oirectors
Presidenl
Vice President
Vice President
Vice President
Treasurer
Clerk
Sceotary
ecto r: I,Il1lian H. Brinm
.-:
t'
,. SEAL
,-l
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r ' r')
-) l,r,, i -.1
F,
lN W|TNdSS\#HEBEOF, I h!v. subscribed my nlmo rr S€crotary end havo
"ar.ea rFs't -i ''
'(I
corporale seal ol said corporation to be hereunlo arrired this 10rh
Atllx Corpo.llo Soll Brlow:
t-'),),':,1
day o,cember ,19 85.
,l
't,t
(., '
ViEg. Cl".k
Village President
6€€+cLry
L
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