1986-08-04 - Resolution 1986-51 - CONTINENTAL BANK OF BUFFALO GROVE IS DESIGNATED AS A DEPOSITARY OF VBG.CORPOFATION
do hereby cerlrly
RESOLUTIONS OF EOARD OF DII roRs
RES0LUTToN NOr 86-
Janet M. S lrablan
51
t,
,n", , ". ,n" ru,,
{ #* } "nd
qr"titi"dgl:Ll, and the keeper or the records and corporare seat ot Villase of
, a corporation organazed and exrslrng under the laws ol
thp sr te of Illinois and that tho tollowing is a true and correct copy ot certain resolutrons duly
adopted at a meeting ot the Board ot Directors thereof. convened and held in accordance with law and the by-laws of said corporatton on
the day ot Arrgrr st ,l9--8-6-, andthatsuch .esolulions are now ih tulllorce and eftect
and are not in conlaavention of. or in conflict wilh lhe by-law3 oalhe charter or articles of incorporation ot said corporalion. and that lhe
lollowing resolulions also conslitule an agreement by said corporation with Continental Baok ol Buflato Grove. N.A. in respect to the
matte6 hsrein set forth:
BE lT RESOLVEO, That Continental Bank ol Butfalo Grove. N.A. be and hereby is designated as a
dsposita.y of lhis corporation. Thg depositary relationship governed by these resolutions and ag.eemgnts may be t€rminated by this
cotpo,ation by wrinen ngtico to Baid b8nk, or by said bank by written nolics to this corporation.
BE lT FURTHEB RESOLVED. Thatthe runds ot lhis corporation may be deposited by its otlicers. agenls
and employees and that th€ Presidenl, 8ny Vice President. the Treasurer. any Assislant Treasurer, the Secretary, any Assistanl Secretary,
or any other otlicer of thiS corporation be and hereby is authorized io open and mainlatn an account or accounts wlth said Bank and iogndorss and deposit with said Bank negotiablg instrumonts and ord€G lor the payment ol money which endoEements may be made inwiting or by a stamp and without dssignalion of th€ p€ruon so endoBing, and il being undorstgod .nd agreed that on ail such ilems
deposiled all prio.endorsemonts ara guaranteed by this corporation whstheror not erprsssly incorporated therein. Said Bank may return
to this co,poration any item nol clearly endorsed by th6 corporation, or may endo.ss anysuch item on thecorporation's behatf in orderto
tacilitats collection. The Bank shall not be liablg forany delays in th6 presgntment or return ot negotiabte instruments and orde's torthg
payment o, money $hich a.s not properly endorsed.
AND BE lT FURTHEB RESOLVEO, Thst 8ny of tho lollowing
r,," ct.** "r ,r" s"..a "roi,""r..* rh" p.."ia"nr."ny vi"" e.""ia"nr,'ll;TIr:,:";;';"i1:.'S.":,:Il,l:illlilt--.-r".y, ""v
A.oirloi{{€o€tar:l.,{r Vl1laee Presid ent. Verna L. Cl-avton or Vi11 as e C1erk. Janet M
r.a rr"6efo?)
Sr'rahi:n (nnp mrr<t sl En) or Vlllaop Ma na e r-IJi 'llJarn R- B:1 1 lns or I'inance
n{ ra^r^r Lri-t 1 -i,n H Rrimm fnna nrrr<t cion\
{Ut blmr .p.c- ,d .odnio r lil.t o, to rulhon:! counr.r-ll9ntlur6. But ou .tt .Drca not ro lr..d, Fut. oul rr(.t ot .I o'lac... not .urhonrd ro .ign.)=ta
t
o
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(orany other officers, agents or employees who may hsroafter bs designated in writing by
ol thi3 corporation b€ authorized:(Aulaout i, in.oDrac.bra.l
To make and rrom time to time continue to make a,ra
lorlh€ conduct ot any such account or accounts. and
To sign checks and orders lor the payment ol money withdrawing funds from said accounl or accounls whether such checks
and orde.s creale or increage an overdaatt of said accounl or accounts or noi. (payment or non paymenl ol any such overdaatt to be at the
option o, sard Bank), and said Continenlal Bank of Bulrslo Grove, N.A. is hereby authorized and direcled to act upon and honor any
inslruclions so lssued and lo honor, pay and chargo to anyaccount or accounts. ol this corporalron atlchecks ancl orders ior lhe paymenl ol
money so drawn when so stgned wilhoul inquiring as to the circumstances ol lhell issue or the disposllion ol their proceedg. tyhelher such
checks be payable to the orderof. or endorsed or negolialed by any olliceror person signing them, or any ot said otlicers or persons rn therr
indrvidual capacrties or not, and whether they are deposited to the andividual credil of ortendeaed in payment of the rndrvrdual obligation of
any otticer or person srgning them or ol any of the oth6a otficers ol person3 or not. and
To endorse for negotialion, negotiate, and rec€ivo the proceeds ol any nggotiable instrumgnts or orders lor the payment ot
money payable to or belonging to lhis corpo.ation, and
To identrly. appaove. endorse, and guaranlee lhe endorsemenl ot any paye€ orenclolsoron any checksor dratts whelherclrawn
by this corPoralron gr anyone else and to guaaantee lhe payment theaeof, and delegate lo othels authority to so jdentrty, approve. and
endorse, and guaaanle€ the endorsement ol any payee or endorser on any such checks or dratls and lo guarantee the paym€nt theaeol.
ANH}6.+F.+UBIrlE8-l]VED. Thal Conlinental Bank ol Buffal
ol lhis corDoratjon be and il rs he s or otherordels for lhe
ngemanr!andro issuesuch insiructions a! lo I llL frn",,""", oror",
depositary
ol ron s name, rncludrng those drawn lo the ind rvrd ual order ol any person or persons w
paymenl
:- a9-:r
o g!
O E;f
appearttAeon as srgneror signers therc(
ol the lollowrng: \/
other otlicetrot lhrs co t9otalion
en bearing or purporting to bear ths tacsimile signi s) ol any _lh!.n nsmb., oi !'qn.rur.t r.ou,r.d
o...ch i.tr.uh.nr.l ///
and nenlal Banl ot Butlalo Grove. N.A. shall be entitled to honor and to charge this corporation tor all such checks,afts or other
orders. ragardless ol by whom or by whal means lhe lacsrmile signalures thereon may have been alfixed thereto, It such lac3imile signalure
or si9naturcs resemole lhe facsrmtle specimens duly cerlified to or tiled wtth Continental Bank of Buflalo Grove.he Secretary or
er which
"z:.
the item r*hichcorporar{on chec
ANO BE lT FURTHER RESOLVED. That any ot the above named persons may iss lor written sloppaymenl ord musl specify the precise account number. payee. date, amounl and number Ol number Should beMICR encoded It th! rl em rs a check). ll is turther a9r€ed lhat said Bank may honor and charge to this ks, dratts. or olher
ordersfo.the pay ment ol money. otherwise properly payable withoul regard to the date thereon, and Bank
lor any stop pay ment r plac but in advance of its date
ot the lollowing:
{ln3.n ^umb€r oi srgnatur..rcd on e&h r..lruh.nt.)
The Chairman ot the Board o rectors. lhe President, any Vice President. the Trcasurer, any slanl Treasurer, the Secrelary. any
Assistant Secr€iry. or
It e Dr.6t t *6 tq.ddfi Rule our rrrlr! olrllorli@6.ot ruthonzd to !rg.l
Of lhis corporatiOn be authorized upon such I so'em properi
To borrow moneyand i ncurliabilitiesfor,ofthis corporation, to s€llordiscounl its bills and accounts
receivable, toenterinto, make, sign. and deliver repurc rm loan and other agreements. including subordination and
similar agreement3. to5ign. execule. and deliveraccepta
and olher obligations of this corporatron for such amou
notes (ihcluding notes with a conlessaon otjudgment ctause)
,a t such rate of inlerest or discount, and containing such tems
and provisions and such collaleral powers as to him
them per, and
ed on any such items after payment thereof.
ANO SE lT FURTHER RESOLVED, That any
zo
tr
:o
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Ed oo;tzi?
6ZeI!r
E
c,
To receive and aeceipt for and to sign orders and issu Iructionsforthe handling and deliveryotthe proceedso, promissory
noles and olher oblgatrons. and
To pledge. endotse, 9uaranlee. assagn, tran and deli rlh e bills and accounts receivable. bills of lading, warehouse
ny moneys borrowed and as SeCurity for any liability incurred
te. l€tter ot credit, guaranty. trust receipt or otherwise. and
recerpts. slocks, bonds. or other properly o, this corporatr as secu ty a
or to be rncurred by lhrs corporation in conneclion wilh ny acceptance.
To grant lrens (by way ot mortgage, p e, assignm€nl, factor lien. trust receipl, or an y other liens whether similar ordissimilar to lhe,o.egorng) on any and a[ p or interest therern (includi , without limiting the generatity of the toregoing, realproperty. chattels. malerials, work in process. bi and accounts receivable, wa se receipls. stocks and boods) from time to timeowned by this corporalion, as securily ,or any eys borrorved and any liabililr direct or contingenl, now or hereatter owing or lobecome owing lro.n lhrgcorporation to Conti tal Bank of Buflalo Grove. N A. and conneclroh lherewith lo endorse and deliver anysuch prope y or inlerBt therein and to ex
with respect thereto. andl
eand deliver agreements concerning s security and lhe rights and powers of said Bank
To buy and sell toreign erc ge,lo 0urchase lelters ol credil. travelers checks. a similar instruments and for, on behalf andin lhe name ol this corporalion to inc habrlilies in connection therewilh and in conheclion w lhe purchase, sale. oa negotiation ot anybills ol erchange. telters o, credrt,I velers'checks. acceptances. dralts. btlls ot ladtng. and sirnt instrurnents. and to receive and receiptfor. and srgn recergls and trust ipts theretor, and lo srgn, execute, and deliver orders, appli ions. and agreements in connection
lherewrlh. whtch orde.s.ons, and agreemenls may conlain such provtsions as to hirn
them ll seem proper
AND BE IT FURTHER RESOLVEO, That any
tl n$rt nuhba.ol s,q..ru16 reourad onThe Charrman ol lhe rd ol Oirectors. the President, any Vice presidenl,lhe Treasurer, any Asststant T surer. lhe Secrelary. any
Assrstant Secreta or
..s fiut. out .I 3p.ce. .^r ro xpd RuL n, r |,tk.s ot aI o&.c,. not a tnonr.d to
2
9
Fo
2
.A. IE
F
:
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o
ut
oll corpo.atoo be authofized upon such terms and condrtions lo
To clehver IO and deposrl w,th Contrnenlat Ballk ot gultato Grove, N.A. tor satekeeping. custody, orother purposes an yb sslocls, securlres. and other property owned or olherwrse helc,by lhrs corporatroh and rn conneclion therewilh to open and mainsard Ban\ a saleteegrng or custody account or accounts and I o make lhe Intllal a,epo$t lherern and IrOm ltme lo trme tO make olher and
colntaraqn.turaa Fut. our alr so.caa not
s
behalt and in the na
, revolvang credil
and promr
Ior such lim
and conditions !o t h'm tI them I
addrtronal deposrts ano lo srgn orders ancl rssue rnstruclrons tO sard Bank ,or the Conduct Ol Sard accounl Or accounts. and
not be rcsponsible or liable
ot the tollowrng:
him
them t shall seem proper:
Io-rrlndIar--ccel .d .-cript r^- a,rC te ryithdr6w rp€n trugt receJ
corporation. and to srgo orders *Jssu6 tnstruckons for the handlan g. transler, registrlfon, sale,substitution, exchangg. a ty olanybonds. stocks. secu.ttr6. and otherprope rty and the proceeds thereof, delivered to, depostted with orotherwise said Bank lorthe accounl of this corgoralron. Such wilhdra wals. subslitutions. exchanges, and deliveries whether su biect nt or not and whetherpursuant to sale. excnange. or othgr transa ction, may also be made by the bearer ot any ordgr.r request so srgned, and
To purchale boatds, stocks, s€curities, ancl other property ancl to ols and issu6 instructions in connection with thepurchase, the paymenL the rggistrataon, ahd the detivery th ereot, a
To sell, pledEe. transrer, assign. exc deposit with any reorganization commitee, bondholders p.otective, or oth€rsimilar com miltee. or otherwase dispose ds, stocks, securities. and other prope rty belonging lo or standing in the name ot thiscorporation ol it5 nomtnee or is corporat ion for the account ol others, and to sign orders and issue instrtrCtlons regarding thehandling o, any matters with such lransactions. and a\
o
OFFICER
Chairman ot tho Board
idenlify ard g uaBnte€ assignments. transfers, and endorsements for lransfer on 'stock ce(itiq8tes, interim,
it r
AND aE lr FURTHER RESOLVED' That this corporation agrees to examioo st.tements ot accou;t andb.oth sidesolaccompanying items and lo notify Bank ot any unartniai"J oi iri""ing
"ignatu16
o.atterationot any itgm. oranyeftor in theslatement' within thirty days lrom lhe date it is available io, "rarlnaton oi the dats it is mailed and agree! to notity the Bank ol anyunauthorized or missing o.torged enc,orsoment wilhin six months from thg d;tg it i9 avaitabl6 forexamination o.th6 dal6 il is mailed:failureto so notify the gank a5 oroYidgd abovs shall preclude this corpoiation iro'm-lssening against lhs Bank anysuch unauthorlzed o. missingsignaluro or endorsement, all€ration. errot, or lotgery.
ANo BE lT FURTHER RESOLVED, That each of the atore,nentioned ottice6, orpersons authorized to act
'orthiscorporatioo
in anvcrlo aforesaid' sn"rr o"
"na
n"-uyii rurr'rr"rlriilii."o, ,itrout theconqurenco ol anyothorotficerorperson:
To wsive presenlm€nl demand, protest' and notice of dishonororprotestand to givo instructions in regard to the handling ordalivery ot any negotrable or non-negotiabte papers or oocumlnts inroirea-in
"ny t.ansactions for or on behalt ol this corporation. and
and To sign reconciltments and c€rtily to the cor.ectness or gtatements ot account and approvg and authorize adlustment3 thgrein.
To act tor thiscorDotation in ths transaction of allother business for ll3 account and to sign €lrders and l$ue inslruction3 toContinental gank of Buftalo drove, N.A. in connection thgrewit;.
AND BE lT FUBTHER REsoLvEo, That the secretary or any other ofticer o, this corporataon bs Endheraby is aulhorized lo cerlitv to said continentat Bant ot Buffalob-rlr". N.n.-"
"opyot
these resolutions ano tni names ano signatrres otthis corporation s offrcers or emplove€s hsreby aulhorized to aa in ine'p[mises, and said Bank is hereby authorized to rety upon suchcertrficale untrl formally advi3sd by a like cenrilcate ot any cnan!" ,lne,!tn, "io ," rrtt,onzed to rely on any such addrtional cerlificategProvided thal any addrtonal certiticates shallnot be effective wilh i"rp""t to riv"n""r, or othe. instrumenr lorth6 paym€nt ot moneydatedon or prior to the date of such additional c€rtilicate but presenteo ror paymeni ater receipt ttrerJoi oi irre-ban{-' '
ANY PRovlsloN.HEBEOF which may bs declared unenforceable under any law shall notaltect the validity of any other provision hereof.
This agreement shall be governed by and construed in accordance with tho laws ot the state ol lllinois-
I FUBTHEH CEBTIFY THAT the following persons have been appointed or slecled, havsqualitied and are nowacting as ot,icers or employees o, saiJcorpoiaiion in me capacity set before their rssp€ctive names:
Name OFFICEB
Treasurer
Clerk
S€er9tary
o, Oirectors
Presrdent r-ra I-clavt on Janet M Slrablan
Vice Presideot
Vic6 President
Vice President
Complroller
Assistant Treasurer
Assistant Secretary
vi l1age ltanager 'ii1l1a!n & Bql_f4g_I'Lnance Dlreator WlUla& H. Brimm
Name
\7
lN WITNESS WHEREOF, I havs subscribed my name as Secretary and have caused the
corporate seal ol said corporation to.be hsreunto aflixed this 4t day ol ,19_8e.
Afrix Corporate Sgal Bglo*
f .r.t,t.l,,r
)
( /l
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"i':h "
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Es ALr
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I
YY\. S,"l*;
vi11 Clerk 6€€rel€r,e
L t,l t.t ,
VllIage ?resj-dent
0130117 N3/6.RESOLUTIONS OF BOARD OF OIF.,.ORS
86- 51
do hereby cerlrly
RESOLUTION NOI
Janet M. Sirabian
$,"t r
"ln rn" ourv
{ #"0 } "no ou",r,e#, and the keepe, ot the records and corporare seal ot Villape of
, a corporation organized and existing under lhe laws ot
the SEate of Il-linois and that th€ lottowrng is a true and corect copy ot certain resotutrons duty
adopled at a meeting of the Board ol Oirectors th€reof, convened and h€ld rn accordance with law and lhe by-taws of said corporatron on
lho 4rh day ot AuEus t . I g--E6-. and that such resotution3 arc now in fu torcs and effect
ANO BE lT FUBTHER RESOLVED, That any )ol lh9 following
lr," ct
"r.,n"n "r rr," g""ra .r oir""r"rr, *," e.*io"n+"ny vi* pr".ig"nr,(l;T*';Lj-:r1";';T.i1']f,T.'rTl;'jlllll'"""."t",y,
".,
f,a.alcil&€€L+rrar Vl 11as e ?resident.Verna L. Cla ton or V i 11a e Clerk Ja et M.a
and ate nol in contravention ol, or in contlicl with lhe by-law! or the chanea or articles ol incorporatron ot sajc, corporaton, ancl lhal lhe,ollowing resolutions also consiitule an a9r€em€nt by said corporation with Conlin€nt.t Bani ot Eultato Grove. iil.A. in respect to the
mattors herein set forth:
BE lT RESOLVEO, That Continental Bank of Buflalo Grove. N-A. be and hereby is designated as a
deposilary ot this corporalion. Ths depositary relationship governed by these resolutions and agreomonts may bg tennin;ted by thiscorporation by wranen nolico to said bank, or by said bank by written nolice to this corporation.
BE lT FURTHER RESOLVED, Thatlhe tunds ol this corpotataon msy be deposited by its olticers, agents
and employees and that the President. anyVica Presidenl. ths Treasure., any Assistant Treasurer, th; Secreiary, any Assistant Secritary.orany other otficer o, this corporation bo ancl hereby is authorized to open and maintain an account or accounts wrlh said Bank ancl toendoEe and deposit with said Sank nogotiable insl.umsnts and orders ,o. thg paymsnt ot money which endoBem6nts may b€ made in
wriling or by a slamp and without designaiion ot lhe pe6on so endoGing, and it beinE u.dgrsiood and agrged that on aI such item!
dopositedl all prig. endorsement! are guaranleed by this corpo.alion wh6th;ror not€xpra3sty incorporated thigrein. Said Bank may return
lo lhil corporalion any ilem nol clearly endor36d by lhe corpgration, or may endo66 anysuch item on thecorporation's b€hatf in orde. tolacililate collectaon. Ths Bank shall not be liable foranydelays in the pres6ntment or,stu,n o, negotiabte insiruments.nct orde6 tor tho
Ptymenl o, money which a.0 not properly 0ndo6ed.
(one mrrst si on) or Villase Ma na e r-l,l a liam R. Ballins or Fi anc e
n{ ro.t^r u illJam H- Brimm frrnF mrret c ipn) .
,CaI
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(ut olllr .c.c.. lo..ddnro..l r,rbt o, to .rrihonr. .ou.r.r-r{.[r!r... ior. oct.n.9.cc not.o ut d. asb oll r lc ot.I oflac.fl mt.utho(..d to !i9..1
(orany other oflicer!. agentg or employe€s who may heroafler bo designated in writing by
ol thi! corpo.ation be suthorizod:lRuh oum i..cDric.br..)
To make 8nd from time to time conlaoueto maks arrangem€nts 8nd to issue such instructionsas to Ilortho conduct ot any such account or accounls. and - |them shallseem proper
To sign checks and ordeG forthe payment ot money withdratving funds lrom said account or accounts whether such checks
and orde6 create or inctease an overdraft ol said accounl or accounls or not. (payment or non paymenl of any such oveadratt to be al lhe
oplron ol sard Eank), and said Continental gank ot Butlalo Grova, N.A. is hereby auihorized and directed lo acl upon and honor any
instructions so issued and to honor, pay and charge to any accountoraccounts. ot this corporalion allchecks and orders lor the payment ot
money so drawn when so signed wrthoul anquaring as to the circumstances of their issue o.the disposilion ot their proceeds. whether such
checks be payable to the order ol. or endorsed or n€gotiated by any otticer or person sjgning them, or aoy ol said ollicers or persons rn their
andrvrdual capacrtres or not, anc, whelherth€y are deposited to the individual credit ot or tonc,ered in payment ot the rndtvidual obligation ot
any otlicea or pe6on srgning them or of any ot the olher otticers of persons or not, and
To rdentjfy. approvo. endorse, and guarantee lhe€ndolsementol any payee orendorseron any checks ordrafls whetherdrawn
by ihis co4toralton or anyon€ else and to guarante6 the payment thereof, and delegate lo otheB authonly to so identiry, approve, and
endorsg, and guarantee lhe endorsemenl ot any payee or endolser on any such checks or dratts and to guarantee the payftent the.eol.
A LVED, Thal Conlinental Bank ot Bulfalo
depositary ol lhas corporation ba and it is h olher orders lorthe
ta lon s name. rncludin9 those drawn to the ind rvidual order ol any person orpersons w
payment
COBPORATION
t.
To endorse tor n€goliation, negotiale, and receivg lhe proc€€ds ol any n€gotiabls instrumgnb or orders lor ths payme.l o,
money payable to or belonging to this corporation, and
appegrthoaeOn as srgneaOr srgners there.
ol lhe followrng: \./
olher olli
lar inslrumenls and for. on behalf and
purchase, sale, or negoliation of any
slruments, and to receiveand receipl
ions, and agreements in conneclion
en bearing or purporting to bearthe facsimile srgn (s) of anv-.\, (rnse.r
^unb.r ot uo..tur.! rlour.d
on aa.n m3trumrnr.t //l!
- ePE Er
c, g9
o =-;x
and nenlal Bank ot Buffalo Grove. N.A. shall be entitled to honor and to cha rge this corporation for all guch checks,Its or other
oadeas. ragardlessot bywhom o,bywhal means the racsrmale signalures thereon may have been allixed thecto, ilsuch laclimilesi gnature
or srgnatults resernble the lacsrmlle specimens duly cerlitied to or filed wrlh Continental Bank ol Bultalo Grove,he Secretary or
lron
ANO BE lT FURTHER RESOLVEO. That any of the above named persons may iss lorwrattenstoppaymenlspecify the precise account number, payee, date. amount and numb€r of the iiem hich number should be
MICR encoded rt thr item rs a check). ll is turther agreed lhat saad Bank may honor and ch arge to lhis corpora n checks. c,ratts, or other
o rders for the paymefi o, money. otherwise properly payable withoul regard lo lhe date lhereon. and Bank W not be responsible or liable
or any stop payment tP bul in advance ol its date
The Chairman ot the Board
lln3.n numb.r ol 39Mru,..
irecto6, the President. any Vice President, th€ Treasurer. any A istanl Treasurer, lhe Secretary, any
i.: :ta Assistant sqcr*ry. or
(Ua. bEnt so.at. ld .ddrr,Aulaosl lrlLaol rllorlEa.r not rquo..cd to3gn.l
ot thiS coiporatron be authorized upon such ll seem proper:
To borrow mooey and incur liabililres lor,of this corporation, to sell or discount its bills and accountsteceivable, to ehler into. fiale. sign. anct detiver repurc rm loan and otheragreements, including subordination and
similaragreemenls. to sign, execute, and deliveraccepla
8nd olhe, obtigations of this co,poralion to, such amou
notes (including notes with a conlession ofiudgment ctause)
,a t such rate of interesl or discounl, and conlaining such terms
ce^ol lhrs corpora
order wNch must
laced on any such items after payment thereof.
AND gE lT FURTHEB RESOLVEO, That any
ttzo
tr
isifoBP,"3;
o;i2i?iz9='
l!utEo
and provisions and such collateral powers as to him
themJ
I r, and
To,eceiveand receiptloiand to sign ordersand iss
noles and olher oblagations, and
ructions lor the handling and delivery ot the proceeds ol promissory
To pledge. enclorse. guaraotee, assign, tra and deli r lhe bills and accounts receivable. bills of lading, warehouse
receipts. Slocks, bonds. or other properly ol lhis corporat assecurity any moneys borrowed and as securitytoraoy liabilaty incurred
or to be incurred by lhrs corporatron in conneclion wilh acceptance.e, leller ot credit. guaranty, trust receipt or otherwise, and
To grant liens (by way ol morlgage. pl 9e, assignment. faclo lien. trusl recei pt. or any other liens whether similar ordissimila. to the loregorng, on any and all p.oper or interest therein (inctud , without limiting the generataty of thg ro.egoing, reslproperty. challels. materials. wo* in process. bi and accounts receivable. wa ouse receipts, stocks and bonds) trom time to timaorvned by this corporalion. as secunty tor any oneys borrowed and any liabilili direct or contingent. now or hereatter owing or tobecome owrng lrgm lhrs corporation to Conti ntal Bank ol Bullalo Grove. N.A. and connectron therewtlh to endorse and deliver anysuch property or interBt therein and to ex
with respect thereto. and
and deliver agreements concerning securily and the rights and powers of said Bank
To buyand s€ll toreign exc 9e. to purchase leltersofcredi t. traveleG checks. a simi
i:
in the nameol thiScorporation tO in liabrlities in connectaon therewilh and in connection wr thebills ol exchange. telers o, cred rl. I velers'checks, acceptances, dralts, bills ol lading, and similfor. and sign recerpts and trusl s lherelor, and to stgn, execule, and deliver orders. appli
therew(h. whrch orders. apglr ons. and agreements may contain luch provasions as to ll seem proper
AND BE IT FURTHER RESOLVED. That any
(rn!.n nuobcror 3qn.u..3 Dqutr.d onThe Charrman ol the rd ol Oarectors. the Presidenl. any Vrce president, lhe Treasurer, any Asststant Tr
of the tollowing
Assrstanl Secret oa _-
Rut. out r[ sDicei.nt 50 nse., Fur.6,n nn .s oiallolt..,( ^ot.ulno,'r.d ro
oll cotporalron be aulhorrzed upon such terms and condrtrons to him
lhe m shallseem proper
To deIver lo and c,eposrt wrth Contrnentat Bank ol Butfato Grove. N A. lor sarekee prng, cuslody, orother pu.po sesanybonds.slocls. sec urrlres. an(l olher properly owned or otherwrse hetd b y lhrs corporalion and in conoectaon lherewith lo open a nd mainlain uilhsard Banl a salekeegrng or cuslody accounl or accounts ancl lo make lhe inalral depostt therern and lrom lime to lrme to make other and
\,
and conditions !o
behalt and in the na
, revolving credit
lorsuch ti
and prom
sJ him tI them I
addrlronal deposrts and to srga Orders and rssue rnstruCtrons lo Sard Bank tor lhe condUcl Ot Sard aCcount or accountS. and
of the following:
. lhe Secretary. any
z
o
Fo
o
2
G
F
:
G
f(,
lrl
aoqalar-ltgnaloc. Fula our all39.ca. not
him
lhem
Io-rxhd.raix-iea4r
corporalion. and to sign orders clzlssue lnstructrons ,or the hanc,lt n9, transfer. 169ist n, sale, substatution, exchanqe,an ofany bohds. slocks. secuntres. and other property and the proc€ed s thercof, dglivsred to, d6posit6d wath orotherwis6 sard Bank torthe account ot this corporatron. Such withdrawals, subst itutions, exchanges, and deliveries whelhersub iect nt or not and whetherpursuant to sale, erchange. or other transaction. may a lso be rnade by lhe bearct ol any otdet,i request so signed, and
To pu.chasa bonds, stocks. securilies. and other property and to and issua inslructions in connection with thepurchase. the payment, the regrstratlon, and the delivery the reol.
To sell. pledge, transler, assigo,exc deposit with any reorgsimilar com mittee. or oiherwise dispose , stocks. securities, and othCorporation Or its no.ninee or h is corporation f or the account ol olhers,handling of any matlers with such transactions, and
o
anization committee. bondholders protective, or olhor
e. propeny belongiog to orstsnding in the nama ol this
and to sign o.ders and issue instruclions regarding the,,1 ,|/,\
idehlity and gua rantee assignmehts, transfers, and endoasoments tor taansler on b 'stock ce(ificstes, i nlerim,
{t
ANO AE IT FURTHER RESOLVED , That this corporation aglees to examin€ stltements of accou nt andboth sides of accompanying items and to notify Bankot any unauthorized oa missin I signature or alleration ol any item. or a nYerrorin theslatement, vrithin thrrty da ys from the date it is avait able for 6ramanation or the date it is mailed and agreEs to notity th€ Bank of anyunautholized or missrng orrorged endorsemenl withi n six rnonlhs f rom lhe date it i s availablg forexamination ol the date it is mailed;tailuretosonotifylhe Bank as groyid;d above shaI preclude this co.poration trom asserting against th€ Bant anysuch unauthorlzed or missingsignature o. endorsement, arteration. error.or torgery
OFFICER OFFICEB Name
Chai.man ol the Board
ANo BE lT FURTHER RESOLVED, That each of the arorementioned otficers, or persons authorized to acttotthiscorporation in anycase ator€9aid, sharr oe ano nereoy is rurln"i
"riioa."o, *itt ort the concurence otany othe.oflicerorperson:
To waive presentment. dem.and, protest, and nolice o, dishonoro.protest and to giva inst^rctions in regard to the h8ndling ordelivery ol any negotaabla or non'negotiable p"peri or oo.r-eni" inroir"i'i" r"y tr"nsactions lor or on behalf ot thig corporataon, and
and To 3i9n reconcitements and cerlity to the corectness of statements ol account and approvg and authorize adjustments therein,
To act lorthis corporalion in the transaction of all othe. business lor its account an.t to sign orde6 and issu6 instructions toCo.tinsnlal Eank ot Buffalo Grove, N.A. in connectron therswith.
AND BE lT FUaTHEB RESOLVED, That the Secrotary or any other officer ot this co.poration be andhereby is authorized to certifv to said continenlal Bank of Buliatobro"", N.a.-"
"opvor
ir,ese ,"!orrtioni anJihi n"iJs
"no
.ign"trr"" otthis corporatron's olfrcers or emDlovees hereby authorized io a"r in in" pi"ai""r.
"nd
sard Bank is hereby authorized to rety upon suchcenrlicate unt,l forma y advjsed by a tike certi'trcate ol any chang" ti,".;t;"no ,,
"uthorized to rety on any such addtlional certificatesprovided lhat any addrtronat cerljficates shaI not be effective ryrth iespecl to aivcnec* orotherinstrumentfortha payment o, moneydatedon or prior to lhe date ol such addrlronal certrficale but pres€nleo rdr jay.e"i
"rter
recerpt rtereot oy ttte g;nk:-' -
ANY PRovlsloN HEREOF which mav be declared unenforceable under any I8w shall notstfect the validity o, any other provision hereor.
This agreemenl shall be governed by and construed in accordance with lhe laws of the state ot lllinois.
I FURTHER CEHTIFY THAT the tollowing persons have been appointad or etecied, havequalilied and are nowacling as oflicers oremployees ot saiJcoipoiaiion ln tnecapacityset betore their respoctiva names:
o, Direclors
President
Vice President
Vice President
Vice President
a f.- C lavton
Treasu rer
Clerk
S€setary Janet M Slrablan
Comptrollet
Assistant Treasurer
Assistant Secretary
Village_Ilanaqer .r111lam _R.-._Ballt!€_?J.nance Dlrector I.Iilllaq Il, Brlmm
Name
\_/ \J
lN WITNESS WHEREOF, I have subscribed my nama as Secretary and have caus€d the
corporats seal ot said corporation lo be her8unto affixsd this 4Eh day ol Aug"st ,19 t6
Attix Corporste S6al Bglow:
f l.t.t.l:
",;.J'i'i.:,|,
I .. rr)
'r$
I
)
)
t /l
S EA LI Yn &-1";
vt1 Clerk
VlJ.lage President
S€€f€T.y
L /,1 ).r t
I
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