1991-34® 0 x
RESOLUTION 91- 34 CORPORATION
A RESOLUTION AMENDING AUTHORIZED SIGNATORS FOR VILLAGE OF BUFFALO GROVE
CORPORATE•SAVINGS ACCOUNT #2186 -20
I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy of certain
resolutions of the Board of Directors of_ the Village of Buffalo Grove
(Name of corporation in full)
a corporation duly organized and existing under the laws of the State of T 1 1 ; n n; s
(Name of State where organized)
which resolutions were duly adopted at a duly called meeting of the said Board, held on April 15,
(Date of meeting)
19 91 , a quorum being present, and are set forth in the minutes of the said meeting; that I am the keeper
of the corporate seal and of the minutes and records of this Corporation; and that the said resolutions have
not been rescinded or modified:
Be It Resolved, that the Bank of Buffalo Grove ___
be and hereby is designated a depositary in which the funds of this Corporation may be de-
posited by its officers, agents, and employes, and that the following elected officials
or employees and Village Treasurer
shall be and each of them hereby is authorized to endorse for deposit or negotiation any and
all checks, drafts, notes, bills of exchange, and orders for the payment of money, either be-
longing to or coming into possession of this Corporation. Endorsements for deposit may be
by the written or stamped endorsement of the company without designation of ttie person
making the endorsement.
Village President, Sidney Mathias or Village
Be It Farther Resolved, that the
Clerk, Janet M. Sirabian (one must sign) and Village Manager, William R
Balling or Director of Finance & General Services, William H. Brimm
(one must sign)
(Titles of officers and /or other persons authorized to aign checks: e. g.: President. Treaau�er, et,,.: also please indicate in what man-
ner the above named officers are to sire— eingly, any two, or jointly. etc.)
of this Corporation (are) (is) authorized to SIGN ANY AND ALL CHECKS, DRAFTS,
AND ORDERS, including orders or directions in informal or letter form, against any funds
at any time standing to the credit of this Corporation with the said Bank, and/or 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 officer 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 use
of said checks, drafts and orders, or the proceeds thereof.
Be It Farther Resolved, that the_ N/A
(Please indicate in what manner the above named officers, are to sign—aingly, any two, or jointly, etc.)
4
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of this Corporation (are) (is) authorized to borrow from time to time on behalf of this Cor-
poration from the said Bank such sums of money for such times and upon such terms as may
to them, or any of them, seem advisable, and to execute in the name of the Corporation notes,
drafts, or agreements for the re- payment of any sums so borrowed, and they and each of
them are hereby authorized to discount with the said Bank any of the notes, bills receivable
or acceptances held by this Corporation upon such terms as they may deem advisable and
to pledge or hypothecate as security to said Bank any of the notes, bonds, stocks, bills receiv-
able, warehouse receipts and /or other documents, accounts, securities and /or property of the
Corporation, and to execute and deliver any and all endorsements or instruments of assign-
ment or transfer which may be necessary or proper in such cases effectually to transfer to
the said Bank the property so hypothecated or delivered;
Be It Further Resolved, that this corporation by its duly authorized agent, enter into an
agreement with the said Bank of Buffalo Grove
contemporaneously with the opening of said account whereby said corporation agrees in con-
sideration of the opening of said account to assume and pay all expenses, costs and attorney's
fees incurred by said Bank in any legal proceedings brought against the said Bank by reason
of the said account and further agrees that any funds in possession of the said Bank to the
credit of this corporation may at any time be applied toward payment of such expenses.
Be It Further Resolved, that each of the foregoing resolutions shall continue in force un-
til express written notice of its rescision or modification has been received by the said 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 inducirg'the said
Bank to act thereunder, that the said Bank shall be saved harmless from any loss suffered
or liability incurred by it in so acting after such revocation or termination without such
notice.
I Further Certify that the following named persons are the officers of the said Corporation, duly quali-
fied and now acting as such:
Village Sidney Mathias
President
Vice - President
Vice - President
.i1 re�yClerk
Janet M. Sirabian
Treasurer Joseph Tenerelli
Asst. Secretary
Asst. Treasurer
Village Manager William R_ Ra l l i ng
Director of Finance William R Rrimm
In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation,
this 15th day of April
SEAL
IMPORTANT:
Imprint Seal of
Corporation Here.
, A. D. 1921 —.
Vi��C1e
illage7�P'�sident