1985-12-10 - Resolution 1985-72 - BANK OF BUFFALO GROVE IS DESIGNATED A DEPOSITARY BY VBG OFFICERS LISTED HEREINCORPORATION
RESOLUTION NO. 85-
resolutiong of the Board of Directors V1l1age of Buffalo Grove
(!lrE ot cotDo!.Uo! h tull)
a corporation duly organized and existing under the laws of the Stete I11lno 1s
(N.Dc o, 9!1L Ph.t! orrlDtr.d)
which resolutions were duly adopted at a duly called meeting of the said Board, held December 10
Bc It Rcsobcd, lhat th. Bank of Buff a1o Grove
be and hereby is designa ted a depositary ia which the funds of this C,orporation may be de_
(D.r. ol E.6alDa)19 f5 , " quorum being preselt, 8nd are set forth in the minutes of the said meeting; that I am the keeperof the corporate se8l and of the minutes and records of this Corporation; and that the said resolutious havenot beeu rescluded or modiied:
posited by its ofrcers, agents, and emptoyes, o;d thst rr.. Vi1I age Treasurer
Be It Fntha Rcsobcd, that t
shall be and each of them hereby is auttrorizi to endorge for deposit or negotiation any andall checks, drafts, notes, bills of exchaugg aad orders for the payment of ioney, "itie" u*longing to or coming into possession of this corporation. Endorslments ror aeposit iay leby the written or stamped endorsemeut of the company without designatlon of the personmaking the endorsement.
or V1l1ae 1erk,
Jane t M- sr r.mrr qt s-l qn ) and Vil ase Mana er- W1111 am R.Ba111ns
{- !ris^-c!ll11*ion (are) (is) authorized to sIGN ANv AND ALL cHEcKs, DRAF$I,AND ORDERS' including orders or directioas in informal or tetter ro"-, "grin"i .r,y-i*a.at any time standing to the credit of this Corporation with the sald Bank, andlor g;inst
anv_ account of this corporation -with the said Bank, and that the "*J-s;i r,"i"ii i.arthorized to honor any and all checks, drafts and orders so signed, incru6rrg qr".. ai"*"" t"the individual order of any such.officer and/or other p"r.on ,igoiog the saie, *rir,""i rr._ther inquiry or regard to the authority of iaid officeris) andTo-r otiei;";;;jri;;G .""of said checks, drafts and orders, or the proceeds thereoi.
(Till.. o, o0c.!. .Ddn r r!. rtov. nr&cd
B. It Frl;r.hcr Rcsolrcd, tha;t th
frrtsur!!. .1..i rbo Dlcr- tqlic.a6 h r!.r DrD-
N/
BFC Form CR-5
3 t2l495-3990
.toE !.E d o8c.rt .t! ro
t! {('
(
(P1..! bdrc..c ta rtr uranir rlo nan---.lrtlJ'. r4t aro. o! lolnalr. ctc.)I
I
I, the undersigu ed, Do Hocbl Ccrtify,lhat the following is a complete, true and correct copy of certain
1-I'l -m II )
(t I
on oftporation from the said Bank such sums of money for such times and upon suc s as may
to them, or any of them, seem advisable, and to execute in the name tion notes,
drafts, or agreements for the re-payment of any sums so and they and each of
them are hereby authorized to discount with the any of the notes, bills receivableor acceptances held by this Corpor ation u uc h terms as they may deem advisable and
to pledge or hypotheca te ss securi d Bank any of the notes, bonds, stocks, bills receiv-
able, warehouse receipts other documents, accounts, securities and/or property of the
Corporation,ute and deliver auy and all endorsements or instruments of assigr-
to
al d Bank the property so hypothecated or delivered;
Be It Fwthct Resobcd, that this corporation by its duly authorized agent, enter into an
agreement with the sa Bank of Buffalo Grove
contemporaneously with the opening of said account where by said corporation agrees in con-sideration of the opening of said account to assume and pay all xpenses, costs and attorney'se
fees incurred by said Bank i n any legal proceedings b rought agarn st the said Bank by r€asonof the said account and fu rther agrees that any funds in possession of the said Bank to thecrtdit of this corporation may at any time be applied toward payment of such expenses.
.-:.
Bc It Ftthq Resolrcd, that each of the foregoing resolutions shall continue iu force un-
til rxpress 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 liabitity incurred by it in so acting after such revocation or termination without such
notice.
I F,lrlhcz CcttilT lhat the following named persons are the oftcers of the said Corporation, duty quali-
fied and now acting as such:
Asst. Secretary-
Villaqe Xana ser Wlllian R, Ba11ln
\Li 11as eS.er#ry Clerk Janet 11. Slrabian Finance Dlrector W11l1am Il. Brlmm
Paul Kochendorfer
la Witncts Whacol,I have hereunto subscribed my name and affixed the seal of tbe said Corporation,
thi" Ioth day Dec ernbe r
, A. D.19 81
Tn &d";
Imprint Seal of
Corporation Eere.
Vi11a er k SecafsY.
Vi age Presi ent
Presideni Verna l. Clayton
Yice-Presiden+
Vice-Presiden-
Asst. Ttessurer-
: )r,.
SEAL
I
IMPOBTAIfT: