1989-01-09 - Resolution 1989-03 - AUTHORIZING THE OPENING OF A CORPORATE CHECKING AND SAVINGS ACCOUNT FOR THE VILLAGE OF BUFFALO GROVE FOOD OPERATIONS FUNDRESOLUTION N0. 89- 3
or3or-.7 N3/s. RESOLUTIONS Of SOARO OF OTRECTORS
A RESOLUTION AUTHORIZING THE OPENING OF A CORPORATE CHECKING AND
SAVINGS ACCOUNT FOR THE VILLAGE OF BUFFALO GROVE FOOD OPERATIONS FI]ND
J anet . Sirabian
CORPPRATION
do he.eby certiry
Vlllace ofthst I am th6 duly
, a corporalion organized and existing undar tho lawg ol
the State of I l l1no 1s 8nd that lhg tollowing is a trus and qorrect copy of certain rosolutions duly
sdopted at a moeting of th6 Board ot Drrectors theroot, con vgned and hald in accordance wth taw and the by-tEws of 3aid corporation oh
th6 grh d8y ot Janrrarv , 19--99-, and thatsuch rssolutionsar6 nowin ful torc€andsttect
6locted
$p.i.L.,6nd qualill6d Secrgtary and the k6op€r ot tho r6cordg and corporste seal of The
and ars not in controvgntlon ot. or in contlici with the by-laws or the chaner or Erticles ol incorporation of said corporation. end that thelollowing resolutions also constrtute an agreement by gard corporatron with e!,'n "c"rAfAg'rlr+euffst!.-€rarr-:i+f . tnJssDecl lo thsmatterg horein sot lorrh tlrst Mldwest Bank/Bufalo Gidia
BE rr REsoLVEo, ,hf,toeF*$1r4$*pJC,l&6B*!{,ak"95eoyneo r,","uy is desisnated as adeposilary oi this.corporatlon. Thg depositary rglationship govern€d by theso rosotutions and agreements may be terminited by thiscorporatlon by r|rltton notlco to said bEnk, or by Said bank bi writtsn notic6 to lhis corporation.
BE lT FURTHER RESOLVEO, Th8l the lunds ol this corporation may be deposited by its officere, agents8nd employoes and thal thg Pr€sideni, any Vica prssidenl. the Treasurer, any Assistant ireasurer, thi Secreiary. any Assistant Secritary,or any olher olrrcer ol lhis corporatton be and hereby rs authorized to open and mainlarn 6n accounl or accounts wjth said Bank and toendorge and deposal wilh sard Bank negotrable rnslrumenls and orders lor th€ payment ol money which endo6emenlg may b9 madE inwriting or by 8 stamp and without desr;nation ol the person so enJoistng. anb ii being undersiood and a9r9ed that on alt such itemsd^eplsiled allprror endorsoments are g, raranteed by lhis corporalion whethir or nol expressly incorporated lh€rein. said Bank may return
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item not clearty endorlod by the corporalron, or may endorce any such item on the corporatron,s behatf in order tolacrlrtats collection. The Bank shall nol bo liablg fo. any delsys in tha prgsentment or rerurn ot negolaabl€ ingirumentg and ordsrs to. theplymgnl ot monsy which lro not propsrty ondorsed.
ThoGh!lrm'nottheBoardotDiroctors.'thePrc!,*.-.n'u,"'."o,
ANO BE lT FURTHEB RESOLVED, Thst any two ol the tollowing
Verna L, Clayton, Vlllase Pres lden t: Jane t M. Slrablan, Vl1la qe ClerAnnlttnt-€cqrei6ffr0r k;
Ca n Molinaro.DlrecEor of GoIf eratlons one nust si and Willlan R c,
Villae e Manaser:Wi111am H. Brlmm. Dir of Fin & Gen Serv.Joseoh Schwlster. Food Serv(u!. blonr !prc.3 ro. lddrlo..l tiis3 o, ro lulhonr. count.rr'9n!lo.6s Rur. out .| 3cac.. nol 30 03.d auio out tri.r ot. otic.rt.ot autho.ir.d to.lgn,)Manager
must s ign)(one
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lo/ any othcr oltc6r!-ag!
of lhis corporation be aUthorized (Fulo our 'l rnloPrrc.bl. I
,o,,n""orol?,iT1"""/.orti;Tl:T::ill":::lligstomsrsarraneemsntsandtoisruesuchinstructionsastol lil, f .n.".*rroo",
/- Flrst Mldwest Bank/Buffalo Grove
To srgn chgcks and hrdqrs lot lhe pEymenl ol money wrthdrawrng ,unds lrom sard account or accounts whether such chEcksano g'ogrg creale or 'ncreaSe aryovordrall otSard !ccount or accountg or not, (paym€nt or non paym6nl ot any !uch overdrrft to b€ al lheoptron ol gaid Bank). and saidleonknenlol-goilr-a{-gu+{.tq€rov?r++A. ti nereOy autnonzeO 8nd directed to acf upon and honor anyinslruclionS so rssu€d and lo honor, pay and charg€ lo any account or accounrs, of this corporStion all checkS and orders for the payment of
1"^TI:"- 11,1::l9n so sign€d.withoul inquiring as to tne circLrmstances of their issue or the disposilion o,lheir proceeds. whether suchcnecxs D€ psyabls to thg ordor of, or endorsed or nogoti6led by any olricer or p6rson signing them. or 8ny ot said ollicers or porsons in theirlndivldual capacilis3 or not. and whether lhoy are d€-positsd to the ;ndividurt;;dit of oi lsndered rn p8ym€nt of the rndividuat obtigation ofany olticer or perEon signing th€m or ot any ol tho other otficers ot per,aonj oi noi. an; -- -- r-' - '' " ' " - '
To endorse lor negotialign. negotiate, and recoive the proceedg ot any negotrable instruments or orde6 for the paymont olmonEy payable to or betonging to lhis co.poration. and
To idenlily. app.ov8, onc,orse. and guarant€e the endorsemsnl ol any payee or endorsgron any chgcks ordrattg whetherdrawnby thig corporation or anyono slse and to gu8;anlge the payment tnereol, and detegate to others autho.ily to so identity, approve, andendors€, and guarante€ the ondor8ement ot any payee oi endorser on any such cneikg or draltg 8nd to guirantee ttre payment tnereot.
ANO BE fHURTHE
dopositary ol this corporatron be 8nd il rs hereb y IqqUtslEd,aulhorl.sdinddirested to hon6t ec s ra or olher orders ,or the paymenloL@orlay droryn r n th is corDO-.C litri't nanro.-rncluding lhose dr{w6 lo the Ediynduol order olc rry personorrrcrson3 tyhotqftamooffilrnes
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ol th€ tollowjng
gna s any
(rn$rr nuhb!r ol rtn.tqr..
and Conllnental Bank ol Butfato Grove. N.A. shaI be enti ed to honor and to cha .ge this corporation lor all such chorde13, regardl€ss of by whom or by whal me6ns the lacstmite srgnatures thereon may have been altixed th6roto, i, such
dralis or other
imile signature
o. signatures rgssmbls the facrimi16 spgcimons duly cenilied to o. liled with Continentat Bank of Bulfato Grov6. N
othor ottic€r ot this corpora on.
lhe sgcrelary or
ANO BE lT FURTIIER RESOLVED. Thsl any ol th6 sbove named persons may i an oral or written stop
Payment order which must sDec ily lhe precise accorrnt numbor, p6y6e, dale, amount and numbgr of thg it€which number should be
MICR encoded if lho item is a ch eck) ll is further agreed that sard Bank may honor and chsrge tO this corpor ion checks, drattg. or other
orderg lor the payment ol money , otherwise properly payable wrlhoul regard to the dale th€reon, and Bank tillnot b€ rolponsibla or llable
,or any glop paymenl ord6r plac ed on any such items afler paymgnl ther€ot. but in advance ol its dste
ANO BE tT FUBTHER RESOLVED. That any ot tho toflowingl
(lnt..t numb.r ot 19n.tu,.3 rtitrrir.d o^..cn inirumanr.)
Ths Chairman of tho Eoard o, olrectors, tho Pr€rident, any vicg President, th6 Troasursr;any A6sistant Treasurer, tha SEcrstary, any-/i
of thiS corporatlon b6 suthorized upon such terms and condjtrons to
AND BE IT FURTHER RESoLVEo. That any ol the rollowing
The Chairman of the.Board of Oiractorg, th€ pr8gidenl, any Vice p
(ln!.n.umbs. ot.'gn.ru.a. r.qur.d on .rch
resrdont, the Treasurer, Eny Assistanl TrEa surer, the Secretary, any
Assistant Secretary, or
U.. bl.nk .p.c.. lo, .dditlonrl titt.r or lo rurho.i.. count..!rg.!tsr.t. n!1. out.ll .0.c.. noyr6 u!.d Fur. out trll.r ol r olrrc..! not lulnonr.d to .tgn )
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. To borrow money and incu I llabililies lor, on behalt and in the na.ae of lhis corporation, to s6ll or discount its bill3 and accountsrgcoivablg.lo entgr inlo. rnake, sign, and dettve. repurchase. revolvrng credi( term loan and olher agreements. including subordinalion andsimllar ag.eemonts. to 9ign.9xecuto, and deliver acceplances and promisgory not€s (including not;s with a conlession;tjudgm€nt ctause)8nd other obligations of this corporalion lor such amounts. lo. such time, ai such rate ol intarest or discount, and conr;ini;g such terms
8nd provisions and euch co ltorat powerr
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prop€r, and
T! rscelveand rocoipttorand to !ign ordersand issu-c instruclions for the h8ndling 8nd d6liveryof tho proca€dE o, promalrorynolos and oth€r obligation!. and
To pledge, endorse, guaranlee. gssign, lransler, and delivgr the bills and accounts receivable, bi s of lading, warehouse
recerpts, slocks, bonds, or olh€r property ol lhts corporatron as secunty lor any moneys bofiowed and as sgcurily lor any liabilily incurred
or to be incurrgd by thig corporstiOn in conneclion witi 8ny acceptance. note, le er ot crsdrt. gusranty, trust r;Ceipl Or Otherwisa, and
-,--,-,.- . T:- 9l"nt liens (by way ol mortgagg. pl6dge, assrgnment, factor's lisn, trust receipt, or any other tiens whalher srmitar orols3rmrltr lo tho foregoing) on 8ny 8nd all propfy or inl€resl thgrsin (including, w'thoul limtlrng the gen€ratity of ths for€going, reatprope.ty, chattElg. materaalg. work in process, b{ls and accounts receivabto, waiehouse receipts]stocfis anO Uonds) from tim€ to tameownod by this corporation, as secunty tor any'moneys borrowed and any l;abiliti€s dr.9cl or;ontingent, nowor fre.eatter owtng or tobecome owrng trom this corporation 10 conlr;ental Eiank ot Bulrslo Grov;, N A. and rn connection thirewittr to endorse and dgtivor anysuch property or rnteresl therein and lo execule and deIver agreemenls concarnang such sscurity and lhe rights and powers ol said gankwith rospect th€reto. and
Tobuy 8nd 3€llfo.gign exciange, to purchase lellers ol credit, travelers' checks. and similar instrumentg and tor. on b€hall sndin the name of lhig corporalion to inour liabilniai in qonnoction ther"rittt
"no
in
"onn""tion
wlth the purchass. sEle, or nogotiation ot anybllls ot 6xchEng€, letloB ot crsdlt. trirvele18' cnecrs, accepiancei, Jriiii,liirt-oi r"oi"g, and simitar insrrumsnts, and to receive and roceiptlor' and sign roceipts and truet roasipts lhorslor, and t;lisr,
"i";rti.'r-Jo';rrver orders. apptications, and Egreem€nts in conn6ctjon
therEwith. which orders. applqations a nd agreemsnts may contain guch provrsro",
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--,t r" u" m,r. ",, r,..".m;,i".,,.ii;,rfi.oi d;=of thiTiorporation b6 autho.ized upon such torms and conditions ,o I !i. I/ | rn66 lshall seem ProPet:
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ggnrinenrarBank or Burrarocrove, N.A iorsarekeepins. custody. o. orhor purpo3os any bonds..",0 eunr
" ,uruiu-;pi;;; ;;fiJt^:IlY oI otherwrse herd bv lhrs corporhtrr,^,r,'(j,. corlnocr,o, rh(,rowr r to (\prrr drt(, rdrrt.rnw,t,,,ac,r,o"a+<.poil;,#G#I:il1,1Jij,",ilH#'1,'JflHlliil),1;J:HlJ,:i"Jil,J:*:l*iitlilllni,,,""r""in",",,,i
of Directors
President Ve r a L. Clav on
Vice President
Vics President
Vice President Assistant Secretary
pUrouant to sale. oxchsnge, or othet transsction, msy atso b€ made by
To purchase bonds, stocks, socurities, and other property
purchase, the paymont, lhe rogist.Etion, and the deliv€ry thergot,6nd _
' corporStron, and lo si gn ordels and issu€ lnstructions to. the handlin g, lransrer, regislration, salg. substitution, exch8nge.anbonds, stocks, sscurities, snd olher property and thg p.ocgeds lh ereof, delivered to. dgpositod with orothgrwise d Bank tortheaccount of this corporation. Such withdrawats, substitutions. exc han ges, and doliveries whoth€rsubject nt or nol and tryholher
the b66rer ol any o.der,rsquest so signed, and
and to rs and i89u€ inslructions in connoction with the
To sell, pledge. lransrer, assrgn. exch po3rl wilh any .eorganizalion committoe, bondhotde13 protgctive. or othsrsrmilar commitloe, or otherwise a,igpose o,hds, stocks, securilres, and other properly belonging lo or slEnding in the nam6 of thrscorporation or il9 nomingg or hel corporatlon fo. the €ccount of othors, and to sign ordars 8nd issuo ihstrucliong lBgarding lhehandling of any matters with such trangactions, and
b identily and guarantee assignments. t.anslers. and endoGements tor translgr on bond!. siock cortltictt€3, i^tsrim,
AND BE lT FURTHER RESOLVEo, That lhis corporalion agrces lo oramine statsmente o, account endbolh sides ol accompanying items and to nolily Bank of any unautho.izsd or mis3ing signstu;e or alteration of 8ny item, or any gfior in th€Elatomont, within thiriy days trom the dato it i9 availablo lor examinBtlgn or the dlte it is mailed and ag.66s to no ly the b6nk of 8nyunauthorizgd or missing or forgod endorsoment wlthln 6ix months trom tho dats it isavailablg lorsxaminati;n or the drtojl,! mEilod: lailur;
to !o notily lhe Bsnk E9 p.ovidgd above shall prsclude this corporalion from !8ssrting against the Bsnk anysuch unauthorlzsd o. mislinggignature or gndor$ment, altsration, error, or rorgary.
AND Be lT FURTHEB BESOLvEO, That each of ths aloremontioned otlicerc, or p6r!on! suthorizod to actlorthis corporation in any c83e Itorasaid. shEll b6 8nd heroby is lurther authorized, without ths concurronco ol any oth6r olllcgror porgon:
To waive prosentmgnt, demand, protegl. and notice ol dishonor or p.olest and to give instructions in rega.d to th€ hSndling ordelivory of Eny nogotiable or non-negotiEble papors or documgnts involvod in any transacti;ns lor or on bshEll oithls corpors on. ;nd
. To sign 169oncilemonts and certlfy to the correctnoss of glatemant8 ol account and approvg and authorlzs 8djullmonts thorein.
8nd
To act for thas corporation rn th€ transaction ol aI other business tor itg Bccount and to sign orders and issue inEtruction3 toContinental Bank Ol Butlato Grove, N A. in COnnection therewrlh.
ANDtttr?tFulA+f,E8"rErB?U5/B.Y,:fSlur"953X,uo. "", other ofricer or this corporation be andher6byi3authorjzed1oqEni'ylo8aid@acopyoflnesereiolution9andlhgn8m9sand8ignatur9so'
thig.corporation'8 otficars or emptoyogs hereby aulhorizgd to acl in the promis63;;nd gaid Bank i9 horgby suthorazod to rely-upon guch
cerlificale until lormally advjsed by a like cortiticat€ ot 6ny changg lh9rgin, and i9 authorized to rqly on s;y such additionsl cortilicatgsprovided lhat any additionat cerlilacates shalt not b€ eltectivg with iespect to any chgck or olher instrumgnt ro;the paym€nt of mon€ydetedon or prior lo the date ol guch sddilronat cerliticst€ but p.esented lor paymeni after recejpt thereot by the Bank.
ANY PBOVISION HEREOF which may bB declarsd unanlorceabto under any law lhall notatr6cl th6 validity ot any othgr provision her6ol.
This agreament lhall be govgrned by and construsd in accordanco with lhe lsws ol tho State ot llllnols.
I FURTHER CERTIFY THAT ths lollowing p€rsons h6vo be6n appointed or elacted, havequalilied and are now acting as orficers or smployess of said corporatio; i; the capacity set beldreiireirieepeclve names:
OFFICER Namo oFFIoER Namo
Chalrman ot the Eoard
Trsasurer
Ilaee Cferk'
S,ee+itarv
r of FlnanceGeF rdi6r
r of Golf OoerAsi€Lnt?EestiEr
Jo eoh Tpnar e] 1J
vl Janet M- Slr"ahi:n
D1
WJ 11{ an }r
Di
rmen Moli aro
VllIage Mana ge r Iliam R Bal.lins Fo o!_!gff1s-C__Mgna ge r Joseph s.hr.rtsf er
lN WITNESS WHEREOF, I hsvo sub8crtbsd my name as Secrotsry and hlve causad the
corporate ssal ot said corporation to be hereunto atrixed this 16 th day ol Januarv , 19 g9
Alfix Corporate S6al Below:r -l
SEAL',)
Vl1lage Pre s ldent 8ar6lcrl|r
L -J
ATTEST:
Tn &,r,),*.*
C rk
AYES :
NAYES: O - N one
ABSENT:
PASSED:
I - Glover
APPRoVED: J I6
, r989.
,1989.
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