1986-07-21 - Resolution 1986-48 - DESIGNATING APPROVED DEPOSITORIES FOR THE VILLAGE OF BUFFALO GROVE-VILLAGE TREASURER'S BOND\
RESOLUTION NO. 86- 48
A RESOI'LTION DESIGNATING APPROVED DEPOSITORIES FOR THE VILLAGE OF
BUFFALO GROVE-VILLAGE TREASURERI S BOND
WIIEREAS, the Vlllage Treasurer is requlred to have a performance bond
posted \rlth the Vlllage as a surety for hls performance; and
WITEREAS, ln order to process appllcatlons for the tenewal of thls
coverage, the Vlllage ls requLred to fornally deslgnate deposltorles for
Village funds.
NOW, TIIEREFORE BE IT RESOLVED BY THE PRXSIDEM AND BOARD OF TRUSTEES OF
lUE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, thE
following:
SECTION l. The Contlnefltal Bank of Buffal-o Grove, N.A., Bank of Buffalo
Grove, and Contlnental Illlnols Natlonal Bank and Trust Company of
Chlcago be and hereby are deslgnated as legal deposltorles of all noney
belonglng to the Vlllage of Buffalo Grove, Countles of Cook and Lake,
Illlnols, and that all money belonging to the Vlllage shall be deposlted
1n sald Banks frorn tlne to tine ln the manner established be the
Vlllagers Investment and Deposit Pol1cy.
SECTIoN 2. A1l lnvestments of Villa ge noney sha1l be governed by theVlllagets Investment and Deposit Policy adopted by the Presldent and
Board of Truotees on Aprll 2l , 1985, by Resolutlon 1186-32,
A'ES: 5 - Marienthal, 0'Rei11y, Glover, Shields, Kowal,ski
NAYES:0 - None
1- ReidABSENT:
PASSED: JU1Y 2t
APPROVED: JU1Y 21
,1986
, r985
?
ATTEST :
villa Clerk &;"!"r^
v I1 ge Pres ldent U
KEmper
NO APPLICA-IIONS
AEOUIFEc, Fc,R BONOS
wrrHrN pRooucEFls
SPECIAL POWER OF.
AIIOFlNEY AUTHOfIITY
rFoRM 733r
ALL LISI€O SELO\n/
FEOERAL OFFICIAL
!
PeoBArE-FtOUCt^FrY
3
AGENT'S OR ATTORNEY'S RECOMMENOATION
Olh€..nsu.a^ce wr'll€n by. xemp6r conrany ,n ravo. or aopr,ra^r ,s
rYPE POLICY N" APPFOX ANNUAL PFIEM APPROX ANNUAL PREM
IN YOUF OPINION
rs >rs EUsrNEss YEs
aoEouarELYrr.rsuneo" E a
Hr)\/v LONG BAVE OOES APPLICANT CAFIIY
IIF€ INSUFANCE
'OH8EN€FIT OF HIS EUSINESS'
YES NO
a
DO YOU RECOMM€NO
trf,
AGENI S OR AITORNEY S SIGNAIU TE
SECTION I GENERAL INFORMATTON <, ALL CLASSES COVERED By TH|S FOFTM
V iLL*L; op Ru?F*(^ bco!€sb R.A,uFP A.^ro. Aff?*Le ,?t!6,U,-. boogq
3 CHAFACiEF OF APPLICANT S BTJ5'NL5.;
ttuprctpto usuc&rlr^cpf i;l;#ii? Zg.t..WHEN INCORPOFATEO?
r Hrs
^PRr,^ir
oe hEDrcEslo. ri
F tES PAOTDa .ULL OEr [S ri iCrrnXS 3CCiOx
'.OE
a
xTu
t-rt l40
7 10 WHOM GIVEN' IIF BOND IS GIVEN IO (:OFPORAIIONpfiu'i"uer#i$'i?,er
U LL\erb6 <QEaru pek
FOF' WH^I T€AM'I'F TEFIM OF AONO
'S
INOEFINIIE
BE TEFlMINAIEO")tv.a.&k
NAME OF PRESENI/PRIOR SURETY CAFIRIER IF PFIIOFI SUFETY CANCEIIEO
PFOVIOE FULL OEIAILS IN FEMAFXS SECTION.PAGE 6
5'(. p plrL
IEFLY THE NAIUFE OF THE BONO FIEOUIRED I POhIANT.ATTACTi COPY OF SONO IIF THE BONO IS IO BE GIVEN IN PURSUANCE OF SIAIUIE OFDINA^ICEo].J'rrrtcllxEFEro coPY oF sucH srarurE- oFrorNANC€ oe FEGULATToN oc i,iexe pnopeF nE rEcr-Ntt ii e-itlii ir i"r-piiil-siiirditr"w'nrrrer ncneenrertWHOM THE BONO IS GIVEN AITACH HEAETO EXACI COPYOF SUCH AGFIEEMENTI
5u0c.{Y |ClmqUrttcZ lzortb fuL r.lr**6ra -ilet5le.€k
OESCRIBE BR
wrlH oNE ro
ATTACH A COPY OF YOUh IAIES' AUOIT BEPOAI OF COMPTEIE IHE BALANCE SHEEI BETOW AI{O ATIACII SCHEOUT€SWHENaDor-rpNAL rNroFMAloN ts NEEoEo To aLARrFy aMolJNrs sHowN
FINANCIAL INFORMA'I]ON
STA'E OF ASSEIS ANO LIABILIIIES AS OF
A SSE TS LIAEILITIES
NOTES PAYABLE TO
rAXES DU€ _ O'H€RS
CASH O€FOSITEO IN FOLLOWINC
OTHEF CUFFENT ASSE
E ON
']E
AT €SIAIE
TOTAL CUFRENT ASSE TS IOTAL C unaelt LraBrLttrEs
HEAL ESI^T€ HELO A
TOTAL ASSE TS
TOTAL LIAEILITIES ANO NET \^/OFITH
OUE OVEE I YEAF
OYHEA L IAB'LII'ES OESCRIBE
IOIAT LIABITIIIES
MOFTGAGE ON FIEAL ESI^I€
MORIGAG€ ON REAL ESIAI€
CAPIIAL SIOCX IPATO INI
SUNPLUS OR NEI WOFrH
II
-I
II
:":,',:li:l"J coNflNUED oN NExr PAGE -
Chcck CoItlpany Dcsircd
E .LU$'BERMENS MUTUAL CASUALTY COMPANY
O AMERIGAN MOTORISTS INSUR 'CE COMPANY
D AMERTCAN MANUFACTURERS,_,,TUAL tNS. CO.
APPLICATION FOR SURETY BONDS LONG GROVE, ILL 50049
PFOOUCER S NO
orh6r '^.ur.nc6 ro b€ pr.c6d with a K€6D6r com
tr
$ 5t)( t'lto. (D
SECTION I rcoNlrNuEo)PAGE 2
AONEEIETTOF IiIDCXTI?Y - PTt^3E AEAO CAiEFU'
CoMPANY, rh. aMtarcaN MoT0alsis rNsuFANct coMPANY or rh. aMEFtcAN MANUTAcTUFtBs MUTUAT rNsuRANct coMpaNy iwhrch.v.r r!ru.! o, conr,nu.s i.(t bond or gotrcy
..v.nd.lr obno.r'o.r ol lur.rvshDrhEh hrv. o. m.y b. or.cured. ,.n.r.d. .oor rnu.d, o,.rt..d6d by.ny ol rh..bov. n.hod comorn,e. on b.ha ot th. und.r3rcn€d
N€W YOF(.ANI P€RSOI{ WHO XNOWII{GLY AI{O wlTH IIITENT TO DEFRAUO AI,IY II{SUBANCE CO PAiIY OFOTXEA PEASO?{ FILESAiI APP1.ICATIOII FORII'SUiAXCECOI{IAIIIING AI{Y FALSE ITFOFMAIOII, OA CO'iCEAUS FOB THE PUNFOSE OF iIISLEADIIIG, II{FOR ATIOII CONCERiIIiIG AI{Y FACT IATEAIALTXENETO, COilUITS A
TRAU! ULEiT t?iSUiAXCE ACT, WHrcr tS A CA|IE.
SIGNED. SEALEO ANO OAiED THIS
-OAY
OF
-19
-c
WIT N ESS SEA L)
IF CO.PARTNERSHIP CO PAFTNERSHIP AND A!L CO-PAFINERS SIGN A€
WITN ESS
INOIVIf)I'At ANO ^S CO,PAAIN€R
WITNESS S EAL)
WITNESS (SEAL)
SIGN BEIOW
SECAE TAHY
AODITIONAL INOEMNITY AGREETTIENT
To O. .r.cur.(' tY th. fu.cow. o ll'..,t ol st'd co.Do,.t6n m lhon aP..{,.s. or broth.r rn.,.h^ ors
lo.onslds,tr,oooi th,tUMBtAMtNS MUIUAT CASUATIY COM AMIFICAN MOIOBISIS INSL,BANCT CO Y or rh. AMInICAN MANUFACIURfRS MUTUAL INSUBANCE
COMPANY lwh'.h.vcr '.$.ror.ontru.s sod bdd or polEv b. qn''''nah'r ctrr.d Cofrp.nYr .r6.unno lh. oblD.rron h .ool,.d ,or.nd wr ..l'no sulncr..t rnr.t.3l
'n
.rrnc.nlt.l
to b! bou.d by.pol'c.nis obl'q.lona, rh.6d.'s'qn.d lo'''rY and..v...llY h.r.DY agr..t!l to mdehnnt I Compsny E.d prnisl
'n
rhs to,.qo'.q 'nd6mntrY Aqt..m.nt.
whrch .s h...bv t.coroor rr.d h.r. 'tr .nd 6rOr.ssrv mtdt '
IF INOTVIDUAL SIGN BET O\/v@
A TTE ST:
PAGE 3
2 0FFTCTAL rrrLrCOUN'Y OF S.rATE GOVEFNMENiruBLrc oFFrcraL oFr rNorvrorrafrO WBOM TAIS BOND IS GIVEN Pruu-lcor,ttclmafyc r,rw*td Yrtg*5raea_D,X
TO AE FIIEO?a o
,4
/J
ABE ANY OTXEA BONOS
FUANISHEO BY YOU INCONNECTION \., H T>IIS OFI ANYOTHER OFFIC'AL POSTloN"
rHE POSIT|oNS TXE AMOUNTS OF BONOS ANO NAM€ OF SUFEIY OF SUREIIES
i5
sEcrloN ll: (coNr, PART A: coMpLErE FoR AppLrcANT wHo rs RESPoNSTBLE FoFr puBLrc MoNEys
lta- |,(o
., TERM OF OFFICE AEGINS (OATE)
oQet)
!o
6 WILL YOU FEOUIqE
THEMlOGIVE
BONOS AND IN
WHATAMOUNl,
IO HAVE YclU €VEF HAO A
BONO CANCELLEO, RENEWAL
REFUSEO. OF AN APPLICA'ION
DECLINErJ BY NY SUFIETY CclMPANY'
IF SO. GIV€ NAME OF COMPANY AND RE^SON
oE,
AMOUNI OF MONEV
BANOLEO OURING ,J lA
lhtA ef ve)qg,iIIL THE RECEIPTS
@>a*wav elt\lE ef oq?tw Qop€
'6 OURING YOUR T:FM OF OFFICE
.,O YOU AGFEE TO DEPOSIToNf' IN LEGALLY oEsIGNAIEo
^NO OUALIFIEO OEPOSITOFIES'{
II SO. IS THE COUN-YEF E REOUIF€O, NO OF WHOMz!! HORAl/vN FROM
I:HECl< c,F APPLIC:ANI?tr.<
,.
aa/
AMOUNT AT ONE
YOUR CONTBOL, 3
FOF \/vHAT LENGTH OF IME'
|l le
13 TO WHOM ANO HO\i\/ OFIEN
OO YOU IL,RN OVER THE
RECEIPTS OF YOUF OFFICE?lJlA
E IHESE OEPOSIIOFIES SEEN OESIGNATEO?
IF lHE IAW OOES NO
FOR LOSS BY EANK F
UNLESS PFIOIECTEO
OF OTHER SECUFIIIY
I SPECIFICALLY RELIEVE YOU OF ALL FIESPON516ILITYAILURE
'O YOU AGREE IO O€POSIT NO FUNOS IN BANKIN FUL! BY CORPOFAIE OEP€,SIIORY BONDSA-rISFACIORY IO IHIS COMPANY?!
PAIO OUT UPON
WARRANTS Of
OTHER OFFIC'AfS'Ca?O OO IHESE WAFIFANTS
^CCOMPANY OF BECOMEP^RT OF YOIJR CHECKS OFIOAAF'S UPON IHE OEPOSITOEY?x 2r rF cusTootaN
OF SECURIIIES AFIE SAME t,,NOEF
tr
t rta (,R (t?.uJ (4r c+<t'((,r,lJh v4*1 23 IS THIS EXAMINATION FIEOUIR€O BY LAW?q6
I TO WHOM ANO HO\jv OFTEN DO YOIIn6rNu+i,C{ - S<frt REPORT FECEIPTS AND OISBUFS€M€NTS'ILqQ,rror}t.rrf ClerA6u+d.l r?ngat)PLE^SE
^rr^CH
COPTE9]5 OO YOU COLLECT TAXES?'ff !P
26 TO WHOM ANO WHEN Wrte LL YOU MA(E A FEPORI OF INSOLVENCIESANO OELINQIJANTS?
oU TNDESTEO rO raE rNDrvr tro 2. OO YOU HAVE I YOUF POSSESSION AT THE PRESENTTIME ANY GOOOS, W^FIES MEFCHANOISE OR OIHEEPROPERIY OF IHE INOIVIOUAL, FIFIM OF COFPORA,
IF SO, WHAI IS TIIE VA!UE OF SUCHMERCHANDISE'
sotr
TION IO WHOM THIS BONO IS T
FIJRPOSE OF HANOrHIS PFOPOSIIION'trtr SECUFIryGI
s
S NAME OF BANX AMOUNI OF LOAN
ON YOUR EMPLOY€ESWFO H^NDLE FUNOS?tr
5. IF APPIICANI IS A
NO O6SCFIPTION 2. OAiE OF |SSUE
OF LOST INS.IRUMENT
O€SCAIBE M^NNEF
P^YAS(E TO BEAFEF'
tr
5 AFE SECURITIES
6 IF R€GISTEF€O. INWHOSE NAME'
Dtr
, aas horrc€ oFLOSS B€EN CIVEN?
SECTION tV: coMpLErE FoF LOST SECURTTTES BoNDS
A SECSbt{ II: CoMPL€TE FoF PUBLIC C)Fl FEDERAL oFFICIALS
!IF SO. OUFING WT]AT PERIOD'
9 WHEN WERE YOUF ACCOUNIS LAST EXAMINEO ANO SY WSOM'ql?otio Pa{, ue{ruxcL lt ta<4et1u t gg
V ru.d,G€ {€5.L4f lo N t
*.{
GIVE AMclUNT TO SE COLLECIEO
s
SECTION lll: coMpLErE FoR LTCENSE ANO pERMtT, OR MTSCELLANEOUS BONOS
J
OAIE II MUST AE F|EPAID
tro