1989-12-18 - Resolution 1989-61 - APPOINTING THE AMERICAN NATIONAL BANK & TRUST CO. OF CHICAGO PAYING FOR VBG WATERWORKS AND SEWERAGE REFUNDING REVENUE BONDS, DATED OCT. 1, 1970I
nEsoLurror{ xo. s9-JL
A RESOLUTIOII APPOIIITINC TEE A}{ERICAN TATIOXAL BAIIX E TT,UST COUPAIY
OF CBICAGO PAYING AGAIT FOR TB8 VILLAGE OP IUTTALO GROVE I{ATERI'ORTS
AND SEI{BRAGE BEFUNDING REVEIruE BOI{DS, DATED OCTOBER 1, I97O
ftrEREAs, thc Vllhgc of Buffalo Grovc (rlerucrr) hre bcrGtoforG on o!
about October l, l97O lgsued lte llatcrorta rad SGr.s.ge f,efuodlag RrvGtruG
bondg ("the Securltlce'r) purguant to an Ordlaance datcd Septeaber 14, 1970
(the Authorl.zlng Issuer loetruoentfi), and;
I{XEREAS, the orlglnal payln8 agen{ for.the Secutltlea haa reelgned and
the Issuer rlohes to appolnt the AEerlcan Natloaal BanL and Trust CoEpauy of
Chlcago ae paylng agent for the Securltlea and e foru of agreeEent to
accouplleh such appol.otDeDt has beeu preaented to the Igsuer.
t{o[,, mEREroRE, BE rT RESOLVED By tXE PRESTDE*'*t BOARD Or TRUSTEES OF
TIIE VILLAGE OF BUFFALO GROVE, COOK AND IAKE COI'NTIES, ILLINOIS, thAt
SECTION l. The Iasuer appolEt8 the Aoeriean Netlotral Bank aud Truet
6i'ffir Chicago ("Aoerlcan Natlooal") aa Paying Agent for the
SecuritLea aad v111a8e Presl.dent and Vtllage ClerL of the I66uer are
authorized end dlrected to execute and dellver to AEerlcan Natlotrel e
PsylDg Ageacy Agreeuent ln substaoBl.ally tbe foru beretofore preaented
to the IsEuer and attached as E:(hlbit A to thls Reeolutlon.
SECTION 2. Thlg Resolutlon and eald Paying Ageacy Agreenent shall take
-effect
lmedlately.
AYES3 6 - llarlenthal.Glover- Retd. Shlfrln. Mathlae- Ol
NAYES: 0 - None
ABSENT ! 0 - None
v E PRESIDENT
ATTEST :
7n.8."!r."*
VIL CLERK
PASSED: Deceuber l8 ,1989 APPROVED: jsg3DherJE- r 1989