1995-58Cash Account Authorizing Rj
j
Prudential Securities incorporated is
Insurance
1- V - •`.b6i -
.s:ii.;ati'k a... � ; -si,�. . c;:.�o'Sw�d� r€�'a: +,tav�xt "c�"..=.�'eY a... �x- r-euY'�iti•`
RESOLUTION NO. 95— 58
62 62
I, Janet M. Sirabian ,Secretary ofthe Village of Buffalo Grove
a corporation organized under the laws of the State of Illinois
, hereby certify that the following is a true and correct copy of a resolution duly adopted by the
Board of Directors of said corporation at a meeting duly called and held on the 21st day of August , ig 95,
at which a quorum was present and that the said resolution has not been modified or rescinded and is still in full force and effect:
Resolved, that an account be opened by this corporation with Prudential Securities Incorporated (hereafter referred to as Prudential Securities),
members of the New York Stock Exchange, and of the other stock exchanges, to purchase, sell, and /or deal in any and all stocks, bonds, put and
call options and other securities, and choses in action (Including, but not exclusively, debentures, notes, scrips, participation certificates, rights,
subscriptions, option warrants, when issued securities, repurchase and reverse repurchase agreements, pncluding lending and borrowing monies in
connection with such transactions) certificates of deposit, choses in action, evidences of ktdebtriess, certificates of indebtness, certificates of
interest of any and every kind and nature whatsoever, secured or unsecured, whether represented by trust, participating and /or other certificates or
otherwise), and that all orders and instructions, written or oral, upon said account be given by either the President, Secretary, Treasurer, Vice -
President or other designees of this corporation, and each of them is hereby authorized and directed to purchase and /or sell and /or deal In, through
said Prudential Securities, on behalf of this corporation, any and all stocks, bonds, put and call options and other securities, closes in action, that
either of them may deem necessary or advisable for this corporation, for cash, and also to make payment and to sign checks or draft upon the
funds of the corporation, and also, to instruct Prudential Securities as to the transfer of funds, or of stock, bonds, options or other securities, to the
name of this corporation, or to the name of any other person, including the officer, or designee giving such Instructions, and also, for this
corporation, to withdraw from the said Prudential Securities from time to time, to deliver or accept delivery of, and /or borrow and/or to endorse,
and /or to direct the transfer of record title of, any and all stocks, bonds, other securities, choses In action, and /or assets or funds that may be carried
by said Prudential Securities for the account of this corporation, and
Further Resolved, that each of the aforesaid officers of this corporation, be and hereby is authorized and directed to execute and deffver on behalf
of this corporation any customer's agreement required by Prudential Securities, and to ember into, execute, and deliver, any and all other
agreements, documents, releases, and writings that may be required by said Prudential Securities for the opening and /or continuing of said account
in connection with any transactions relating to said account or to any securities, moneys or other property of the corporation, whether or not in said
account, and
Further Resolved, that until Prudential Securities shall receive due written notices of change or rescission of these resolutions, said Prudential
Securities may rely upon the authority contained in these resolutions as continuing fully effective, and said Prudential Securities may rely upon any
certified copy resolutions, specimen signatures or other writings, signed on behalf of this corporation by any officer thereof; the acceptance of any
other form of notice shall not constitute a waiver of this provision, nor shall the fact that any person hereby empowered ceases to be an officer or
becomes an officer under some other title, in any way affect the powers hereby conferred, until Prudential Securities shall receive due written notice
of such change or rescission, as aforesaid, and
Further Resolved, that in the event of any change in the office or powers of persons hereby empowered, the secretary shall certify those changes
to Prudential Securities in writing, in the manner hereinabove specified, which notification, when received, shall be adequate both to terminate the
powers of the person theretofore authorized, and to empower the persons thereby submitted, and
Further Resolved, that in the event all of the undersigned and other person(s) empowered in accordance with the terms above, die, become
incapacitated or cease and /or refuse to serve in their designated capacity, we hereby appoint N/A
to instruct Prudential Securities as to the disposition of the corporate assets.
Further Resolved, that any and all orders and instructions heretofore given said Prudential Securities on behalf of this corporation by any officer of
this corporation, are hereby in all respects ratified, confirmed and approved, and
Further Resolved, that the foregoing resolutions and the certificates actually furnished to Prudential Securities by any officer of the corporation, be
and they hereby are made Irrevocable, and shall be fully effective as to any transactions for the account of the corporation notwithstanding that the
account may have been temporarily closed or inactive, until written notice of the revocation thereof shall have been received by Prudential Securities.
I do further certify that the following are the si ures and titles of the persons authorized and empowered to act on behalf of this corporation,
pursuant to the foregoing; and this resoluti is Wac a "and 0051 not conflict with the existing corporate charter (articles of incorpora-
tion) and by -laws.
Sidney Mathias net M. Sirabian /u•�►V
President (Please Print) ignatu Secretary (Please Pr" ature
/ Village Clerk / Www. M
Vice- President (Please Print) Si�gat4re Treasurer (Please Pry Signature
William R. BAllin / �rJ,�J� Director of Finance
Designee Name (Please Print) Signature Title
Village Manager /
Designee Name (Please Print) Signature Title
I do further certify that the said corporation is duly organized and a sting, and has the power to take the action called for by the aforesaid
resolutions.
In Witness Whereof, I have hereunto affixed my hand and the seal of the said corporation, this 21st
day of August , 1995
(Affix <;2 � INI
Corporation Secretary-'
seal Village Clerk
Here)
AYES: 3 — Rubin, Braiman, Glover Form 2115 (Rey. 11 -91)
NAYES• 0 — None ABSENT: 3 — Marienthal Reid, Hendricks
Prudential Securities Incorporated, One Seaport Plaza, New York, NY 10292
.LOA 00
Letter Of Authorization To
Transfer Securities Or Monies
Nerve of Fkm ® - _— -
VILLAGE OF BUFFALO GROVE
Offloe Account Number Type A Date
JTN 1 952744 1
In consideration of the acceptance by you, please transfer the securities and /or monies listed below into the name of, or credit to
the account of BANK OF BUFFALO GROVE ABA 071 909 020 FAO VILLAGE OF BUFFALO (Name) A/C # 2062 -20 (Account umber)
1 do hereby relinquish all right, title, and interest thereto.
Amount of Funds to be Transfered $ $1,200-000 (at maturity)
No. Of Shares
Name of Security
Certificate Numbers
$100,000
U.S. Treasury
Strip
IH&Hest:_ ...::: .. .
912833FBlC
$300,000
U.S. Treasury
Strip
Interest
912833FBlC
$500,000
U.S. Treasury
Strip
Interest
912833FBlC
. Treasury
Strip
Growth Receipts
894643Y74R
$?nn,onn
IT-9. Treasury
Strip
Interest.-
912833FBIC
I hereby finally and irrevocably release and discharge you of any
claims by me or my legal representatives with reference to the
foregoing, including the proceeds of the sale or other disposition X Lo L'C�'
thereof: Sionature _
X
State of
County of SS.:
on this 11 6Z day of , 19� before me personal y appeared
to me known and known to me to bet individual
described in and who executed the foregoing instrument, and duly acknowledged to me that executed the same.
OFFICIAL SEAL of y
ROBERTA FREED �e
NOTARY PUBLIC STATE OF LLINO
MY COMMI1 Z-10i I EXP. MA
Form 5445
GILFO W-CURITIES
INCORPORATED
4 PARK PLAZA, SUITE 2000 • IRVINE, CA 92714 • (714) 852 -7000 • (800) 540 -7000 • FAX (7141852-7002
July 27, 1995
Mr, Bill Brim
Village of Buffalo Grove
50 Raupp Street
Buffalo Grove, IL 60090
Dear Bill:
Enclosed please find a Letter of Authorization (LOA) to Transfer Securities or Monies
accompanied by an Authorizing Resolution Form (or, a copy of your Board Resolution
clearly stating the authorized signatories will be acceptable). Prudential Securities, our
clearing agent, has recently implemented procedures which require these documents to
protect all parties involved when wiring Fed Funds.
After verifying the wire instructions, please see that the LOA is signed by an authorized
party, notarized, and then returned to our office together with the Resolution. A self -
addressed envelope has been enclosed for your convenience.
If you have any questions or concerns regarding the above request, please do not hesitate to
call me at the number listed below. Thank you for your cooperation.
Sincerely,
LU
Deborah A. Williams
Operations Manager
Enclosure
OAW/big
0. \GSI \daw07255.101
NEW YORK • CHICAGO • LOS ANGELES • SAN FRANCISCO
TO: William R. Balling
FROM: William H. Brimm
DATE: August 9, 1995
SUBJECT: Village Investment
Administration
0 ® ITEM XI. (F)
Currently, the Village has several securities held in safekeeping with Prudential
Securities that were purchased for the purpose of retiring bond principal and
interest on the Series 1988 general obligation bonds. Those securities will be
maturing both this month and in November, 1995. Prudential has recently updated
and implemented their procedures requiring both a Letter of Authorization and
Authorizing Resolution be on form clarifying how funds are to be wire
transferred. The attached documents establish the relationship and confirm that
sale proceeds (there will be no further purchase transfers) will be transferred
upon liquidation to the Village's General Fund Savings Account at the First of
America branch in Buffalo Grove. These documents are to establish a ministerial
function and staff would request that this Resolution be place for consideration
by the President and Board of Trustees at the August 21, 1995 meeting.
William H. Brimm