1988-11-07 - Resolution 1988-57 - AUTHORIZING THE OPENING OF A CORPORATE CHECKING ACCOUNT AT THE FIRST AMERICAN BANK OF LAKE COUNTYCESOLUTION NO. 88- 57
A RESOLUTI
AT THE
( "--,'0RIZING THE 0PENING 0F A C0\-r'rrlt CHECKING ACCOINT
FIRst euenrcen BANK oF LAKE couNTy'
VILLAGE OF BUFFALO GROVE
( N.mc ol .orpor. rion in lulll
I11lno i s which
resolutions wcre rluly adopted at a duly callcd meeting of thc said Board, held on
(Nrm. ol St.r. vh.rt or8.rir.d)
November 7 19 88 , "(Drl.ol l'l.ciin8)
quorum being prcsent and are set lorth in the minutes of the said meetingi that I am the keeper of tbe corporatc seal and of the
minutes and records o[ this Corporation; and that the said resolutions have not been rcscindcd or modificd:
Be It Resolved, thal the First Anerican Bank of Lake Countv
be and hercby is dcsignated a depositary in which the funds of this Corporation may be deposited by its officcrs,
aSents, and employees, and that the desi sna ed emolovees of t Villaee of Brr ff 1o Crove
shall be and cach of them hereby ff?uthorized to cndorse for deposit or ncgotiation any and all chccks,
drafts, notcs, bills of exchangc, and orders for the payment of money, either belonging to or coming into
possession of this Corporation. Endorsemcnts for deposit may be by the written or stamped endorscment of thc
company without disignation of the person making the endorsemcnt.
Dlrector of Finance & General Services. William II-Brinm (one mrrst sls
(Tirl(r ol ollic.r .ndlor olh.r p..ron, .ulhoru.d to ritn chc(lolli(r! rrc to r'8n-.intly. .., rro. o. ioiortr. .1..)
ti..8.: Pllri&nr. Trcrturcr. .tc.: rlto pb.r indic.t. in ,h.l mrnmr lh. .boE nrnl.d
of this Corporation (are) (h) authorized to slGN ANY AND ALL cHEcKs, DRAFrs, AND oRDERS, inctuding
ordcrs or dircctions in inlormal or lctter form, against any funds at any timc standing to thc crcdit of this
CorPoration with the said Bank, andlor against any account of this Corporation with the said Bank, and that the
said Bank hereby is authorized to honor any and all checks, drafts and orders so signed, including those drawn to
the individual order of any such officcr and/or othcr pcrson signing the samc, without further inquiry or rcgard to
the authority of said officer(s) and/or other person(s) or the use of said checks. drafts and orders, or the preccds
thereof.
(Pt.re indac.r. i. rhrt ltl.nn.r rhc rtov! nrm.d olri<rtt .n to ri8n-rin8lr. rny Iro, orioinrlr. .tc.)
Forln l2{16 B.nklormar lnc.
I, the undersigncd, Do Hereby Certfu, lhal thc follo*ing is a complctc, true and corrcct copy of certain resolutions
of thc Board of Directors ol
a corporation dulv organized and cristing under thc laws of the State ol
Be It Furrher Reso/ve4 thatthe Vlllage President. Verna L. Clavton or VllLase Clerk.
.TFnef M SJrrhirh (^na lnlrcr qrgn) -n, \r.r't t -96 M-n,gar, r,Ii t.l { ^n p R-t r ing c-
Bank such sums ol moncy for such times and upon such tcrms as may to thcm, or any of thcm, scem le,
and to execut€ in thc namc oI thc Corporation notcs, drafts, or agrecmcnts for thc re_Pay ment sums so
borrowcd, and they and each of thcm arc hcrcby authorizcd to discount with the said any of the notcs,
bills rcccivablc or acccptanccs hcld by this Corporation upon such tcrms as y decm advisable and
to pledgc or hypothecate as sccurity to said Bank any of thc notes, bond s, bills rcceivable, warehousc
rectipts andlor other documcnts, accounts, sccurilics and/or p thc Corporation, and to cxccutc and
dclivcr any and all cndorscmcnts or inslnrmcnts of ass transfcr which may be ncccssary or propcr in
such cascs effectually to transfer to the said Brnk thc rty so hypothccatcd or dclivcrcd;
Bc It Fuahcr Rcsolved, That corporat ion by its duly authorizcd &gent, enter into an agreemcnt
with the said
contcmporancously opcning of said account whcrcby said corporation agrecs in consideration ol
thc opcning of nt to assumc and pay all cxpcnscs, costs and attorncy's fccs incurrcd by said Bank in
gs brought against thc said Bank by rcason of the said actount and furthcr agrccs that any
fun of thc said Bank to th e credit of this corporation may at any time be applied toward paymcnt
Be It Furthcr Raolved, lha,l each of thc forcgoing resolutions shall continuc in lorce until cxprcss written
notic! of its rcscision or modification has bccn reccived by thc said Bank, but iI thc authority conta'incd in thcm
should bc rcvokcd or tcrminated by opcration of law without such notict, it is rcsolvcd ana hcr€by agrecd for
thc purpose of inducing thc said Bank to act thcrcundcr, that thc said Bank shall be savcd harmlcss irorn
"nyloss suffercd or liability incurrcd by it in so acting aftcr such revocation or tcrmination without such notice.
I Furthcr Ccnily lha;l the following namcd persons arc thc officcn of thc said Corporation, duly qualified and now
acting as such:
Presidcnt Verna J,-Clavton Asst. Sccretary
Vice-Prcsidcnt Asst. Treasurcr
Vicr.Prcsidcnt Villaee Manaoer: IJi 1 iarn R- Bal Ilno
Vi11as
Scercl*d
e Clerk Janet M. Sirabian
.Jose oh Tenerelli
In Witness Whercof, I havc hcrcunto subs7th 6", o1 November
, 1988
SEAL
IMPORTANT:
Imprint Scal of
Corporation Hcre.
cribed my namc and affixed the scal ol the said Corporation, this
, A.D. 19 88
Approved: November 7 , 1988
e.,r-,-a-
ge resa
\-/,
ent &et*1'
.eu.$."{,
ATTEST:
6
Clerk
- lrlari
NAYES: 0 - None
enth
v -1
AYESShifrin, Marhias
ABSENT: 0 - None
a1 G1over .. Reid .Shield s
any lcgal
Ttcasurer
Passed: November 7
,.,,,...1-. i r,.......,.-