1987-10-05 - Resolution 1987-48 - AUTHORIZING THE ESTABLISHMENT OF A CORPORATE SAVINGS ACCOUNT FOR TOWN CENTER T.I.F. AREA SERVICE AGREEMENT DEPOSITSCORPORATI()N
I, the undersigoed, Do Hqcbt CcttilT, that the following is a complete, true and colrect copy of certain
resolutiono ol the Board of Directors of VILLAGE OF BUFTAIO CR
(N.!o. ot <erDor.uou ro rurJ--
8 corporation duly organiz,ed snd existing under the laws of the Stste of IL],TNOT S
(N.roo o, 9[6 rh.rl ollrldl.d)
which resolutions were duly sdopt€d 8t a duly cslled Eeeting of the said Board, held on-ocIoBEL5--(D.l. oi !r.6tln )l9 87, a quorum being present, snd ere Eet forth in the minutes of the said meeting; that I am the keeper
of the corporate 8e8l 8nd of the minutes and records of thia Corporation; and that the said resolutions have
not been reEclnded or modified:
Bc It Raobcd, that
be and hereby is designated I depositary in which the funds of this C,orporation may be de-
poEited by its officere, agents, and employes, and thaL
of the Villase of Brrff:la Crowa
shall be and each of them hereby is authorized to endorge for deposit or negotiation any and
all checks, drafts, notes, bills of exchangg aad orders for the payment of money, either b+
longing to or coming into possession of tbis Corporation. Endorsements for deposit may be
by the written or stamped endoreement of the company without designation of the person
making the endorsement.
V111a
e
Bc It Fwthct Rctolrz,d, that
Clerk Janet tI. Slrabian
ePr ent Verna
(one must si ) and W1l1laur R. Ballin Villase
Manager or l.Iilllau H.Brlmm, Dlrector of F lnance (one nust sls n)
(Titl.. ot omc.rr rbd/or ollet D.t oD. ru.borlt d ao .lto chcctr: .. a.: Pluld.Da. a!.r.u6r, 6rl.,i rt.o etc.x indicr6 tn r!.r E.D.r.! rD. .bor. D.!r.d 0r!6.!. 1l. to .rr.--a!au. .atr |ro. o! ,obur. arc.)
of this Corporation (are) (ig) authorized to SIGN ANY AND ALL CHECKS, DRAFTS,
AND ORDERS, including ordero or directions in informal or letter form, against any funds
at any time etanding to the credit oI this Corporation with the said Bank, and,/or against
any account of this Corporation with the said Benk, and that the said Bank hereby is
authorized to honor any and all checka, drafts and orders so signed, including thoge drawn to
the individual order of any such ofrcer 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 uge
of s8id checks, drafts and ordera, or the proceeds thereof.
B-I
(Plc.I lndl.ra! lo rh.t rorrr.r atro rDor. D.D.it ooc.rr rt! to dan---.lnat r, .ar tro. or Jolnru. cac.)
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A REfoLUrloN AUrHoRrzrNc ,*-::ililiSilrXi; 3l it.*oRArE sAvrNcs
ACCOUNT FOR TOWN CENTER T.I.F. AREA SERVICE AGREEMENT DEPOSITS
+li- Rrnlz nf Rr'ff.1^ a-^'.^
tchc!5
-of thi
poration from the said Bank guch eums of money for such times and upon such terms
to them, or any of them, seem advisable, and to exe€ute in the name of the n notes,
drafts, or agreements for the re-payment of any sums so bonowed, and th each of
them are hereby authorized to discount with the said Bank any of the , bills receivable
or acceptances held by this Corporation upon such terms as th ay deem advisable and
to pledge or hypothecate as security to said Bank any of the , bonds, stocks, bills receiv-
able, warehouse receipts and/or other documen
Corporation, and to execute and deliver any and
ts, ac
or instruments of assign-
ment or transfer which may be necessary o r in such cases efrectually to transfer to
or delivered ;
8c It Fsther Rcsobed, .lla ration by its duly authorized agent, enter into an
sjH:L, Janer M. slrablan
Tleas
al
agreement with the sqid -;;i;-p;;";;;rr -*iit, tt" "pmt"g "t."ta ".. uety sata "orporati* "s.ne" in.or-
sideration of-thfopening of said account to assume and pay all expenses, costs and attorney's
fees incurred by said Bank in any legal pmceedings brought againit the said Bank b)' reason
of the said account and further agrees that any funds in possession of the said Bank to the
-r++dit oI-rhic corM-rl iorl say- et gny time bs tpplicC &ervard peyment ef eueh expenses.
8e It Further Resolred, that each of the foregoing resolutions 8h8ll continue in force un-
til express written notice of its rescision or modification has been received by the eaid 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, thst the ssid Bsnk shall be saved harmless from any loss sufiered
or liability incurred by it in so acting after such revocation or termination without euch
nouce.
I Frlhcr CcttilT lhat the lollowing aamed persons are the officers of the said Corporation, duly quali-
6ed and now acting as euch :
Presiden + Verna L. ClaYto Asst. Secretary-
Vice-Presi Asst. Tleasu
Dlrector of Finance Wllllam H. Brlnrr
Vlllase Mana ger Wll1lam R.Ba11lng
Brian Rubin
IaWi ac$ Whaeol,I have hereunto subscribed my name snd affixed the seal of the said Corporation,
thi
SEAL
Imprint Seal of
Corporation Here.
day 0ctober , A. D. rg-!L.
Vll1age Presldent
s 5th
gc(ttl!t,
ATTEST:
V 11la Clerk
securities and/or property of the
the said Bank the property so
Vice.Preeident-
IMPORTAIYI:2e**fn S"^rAr, .^