1998-18American Enterprise Bank ® •
600 N. Buffalo Grove Road
Buffalo Cove, IL 60089 RESOLUTION No. 98- 18 LOC: 0001
CORPORATE DEPOSITORY RESOLUTION
By the [ g ) board of directors
[ ) shareholders
Of the Village of Rtiffaln Grnve, Tllinniq
a municipal corporation, hereinafter called "Corporation," whose principal place of business is located
at 50 Raupp Blvd.; Buffalo Grove, Illinois 60089
RESOLVED, that American Enterprise Bank (the "Bank ") is hereby designated as a
depository in which the funds of this Corporation may from time to time be deposited; that the following described
account(s) be opened and maintained in the name of this Corporation with the Bank subject to the rules and regulations of
the Bank from time to time in effect; that the person(s) and the number thereof designated by title opposite the following
designation of account(s) are hereby authorized, for and on behalf of this Corporation, (1) to sign checks, drafts, notes,
bills, certificates of deposit and other orders for payment or withdrawal of funds from said account(s) and to issue
instructions regarding the same, (2) to direct, orally or in writing or electronically, or through any other medium agreed to
by said designated person(s) and the Bank, the wire transfer of such funds and (3) to arrange for such wire transfers to be
effected upon instructions from others identifying themselves in accordance with procedures approved by such designated
persons (all of the foregoing being "Withdrawal Orders "), and to endorse for deposit, negotiation, collection or discount by
the Bank any and all checks, drafts, notes, bills, certificates of deposit or other instruments or orders for the payment of
money owned or held by said Corporation; that the endorsement for deposit may be in writing, by stamp or otherwise, with
or without designation or signature of the person so endorsing (except that, notwithstanding any other provision of these
resolutions, no endorsement on behalf of this Corporation shall be required for deposit of any of such instruments or orders
to an account of this Corporation with the Bank); and that any officer, agent or employee of this Corporation is hereby
authorized to make requests of the Bank for the transfer of funds or money between accounts maintained by this
Corporation at the Bank.
Number of
Account Signatures
Number Required
_ 1 • BILL BRIMM
WILLIAM BALLING
2. 2.
Names and /or Titles of
Persons Authorized to Sign
SIDNEY MATHIAS
JANET SIRABIAN
FURTHER RESOLVED, that the Bank be and is hereby authorized and directed to honor, certify, pay and charge to any of
the accounts of this Corporation all checks, drafts, notes, bills, certificates of deposit or orders for the payment,
withdrawal or transfer of funds or money deposited in these accounts or to the credit of this Corporation, for whatever
purpose or to whomever payable, including requests for conversion of such instruments into cash as well as for deduction
from and payment of cash out of any deposit, and whether or not payable to, endorsed or negotiated by or for the credit
of any persons signing such instrument or payable to or for the credit of any other officer, agent or employee of this
Corporation, when signed, accepted, endorsed or approved as evidenced by original or facsimile signature by the person(s)
and the number thereof, designated by title opposite the designation of the accounts described in the foregoing resolution,
and to honor any request(s) made in accordance with the foregoing resolution, whether written or oral, and including but
not limited to request(s) made by telephone or other electronic means for the transfer of funds or money between
accounts maintained by this Corporation at the Bank, and the Bank shall not be required or under any duty to inquire as to
the circumstances of the issuance or use of any such instrument or request or the application or use of proceeds thereof.
FURTHER RESOLVED, that to the extent that any Withdrawal Orders executed by the persons designated herein to
effect same on behalf of this Corporation exceed collected balances of this Corporation on deposit with the Bank, the
Bank may, in its sole discretion but without any obligation on its part to do so, and without notice to this Corporation,
honor such Withdrawal Orders, and to the extent that the Bank so elects, this Corporation hereby agrees that such excess
payment shall constitute an obligation and liability of this Corporation to the Bank, payable upon demand of the Bank
together with interest thereon until paid at a rate equal to two percent (2 %) per annum in excess of the prime rate
announced by the Bank and in effect from time to time (with the rate on such obligation and liability changing as and
when such prime rate changes).
FURTHER RESOLVED, that any one or more of the persons holding the offices of this�orporation designated above is /are
hereby authorized to execute, on behalf of this Corporation, account contracts with the Bank in the usual form thereof
provided by the Bank for each account of this Corporation and other account agreements necessary or desirable to permit
aggregation of various accounts for purposes of determining total account balances or to facilitate cash management plans
for this Corporation.
FURTHER RESOLVED, that the Bank be and is hereby authorized to comply with any process, summons, order, injunction,
execution, distraint, levy, lien, or notice of any kind (hereafter called "Process ") received by or served upon the Bank, by
which, in the Bank's opinion, another person or entity claims an interest in any of these accounts, and the Bank may, at its
option and without liability, thereupon refuse to honor orders to pay or withdraw sums from these accounts and may hold
the balance therein until Process is disposed of to the Bank's satisfaction.
FURTHER RESOLVED, that any one or more of the persons holding the offices of this Corporation designated above is /are
hereby authorized (1) to receive for and on behalf of this Corporation, securities, currency or any other property of whatever
nature held by, sent to, consigned to or delivered to the Bank for the account of or for delivery to this Corporation, and to
give receipts therefor, and the Bank is hereby authorized to make delivery of such property in accordance herewith and (2)
to sell, transfer, endorse for sale or otherwise authorize the sale or transfer of securities or any other property of whatever
nature held by, sent to, cosigned to or delivered to the Bank for the account of or delivery to this Corporation, and to
receive and /or apply the proceeds of any such sale to the credit of this Corporation in any such manner as he /they deem(s)
proper, and the Bank is hereby authorized to make sale or transfer of any of the aforementioned property in accordance
herewith.
FURTHER RESOLVED, that the chief executive officer, president, secretary or any assistant secretary of this Corporation
be and hereby is authorized and directed to certify to the Bank the foregoing resolutions, that the provisions thereof are in
conformity with the Articles of Incorporation, bylaws (if any) and shareholder control agreement (if any) of this Corporation
and to provide the names and specimen or facsimile signatures on incumbency certificates and /or signature cards if
requested of the person(s) authorized therein, and that the foregoing resolutions, incumbency certificates and signature
cards and the authority thereby conferred shall remain in full force and effect until this Corporation notifies the Bank to the
contrary in writing, and the Bank may conclusively presume that such resolutions, incumbency certificates and signature
cards are in effect and that the persons identified therein from time to time as officers of the Corporation have been duly
elected or appointed to and continue to hold such offices.
FURTHER RESOLVED, that this Corporation assumes full responsibility and holds harmless the Bank for any and all
payments made or any other actions taken by the Bank in reliance upon the signatures, including facsimiles thereof, of any
person or persons holding the offices of this Corporation designated above regardless of whether or not the use of a
facsimile signature was unlawful or unauthorized and regardless of by whom or by what means the purported signature or
facsimile signature may have been affixed to any instrument if such signatures resemble the specimen or facsimile
signatures as provided to the Bank or for refusing to honor any signatures not provided to the Bank or for honoring any
requests for the transfer of funds or money between accounts, and that this Corporation agrees to indemnify and hold
harmless the Bank against any and all claims, demands, losses, costs, damages or expenses suffered or incurred by the
Bank resulting from or arising out of any such payment or other action.
I hereby certify that I am the duly elected, qualified and acting Village Clerk and the custodian of the
records and seal (if any) of the above -named Corporation; that the foregoing is a true and correct copy of resolutions duly
adopted in accordance with law and the Articles of Incorporation, bylaws (if any) and shareholder control agreement (if any)
of said Corporation by consent of the required number of directors or shareholders, or at a meeting of a quorum of the
board of directors or shareholders on Anr; 1 20 , 19 98 , and that said resolutions, not being in
conflict with those Articles of Incorporation, bylaws and shareholder control agreement, are now in full force and effect.
AYES: 5 — Reid, Rubin Braiman, Hendricks, Glover
NAYES:
[AFFIX SEA
or
the corporation
has no seal
Title: Village Clerk
Rev. 11/97 corpdepb
day of
—, 19 98
American Enterprise Bank
600 N. Buffalo Grove Road 0 r LOC : 0001
Buffalo Grove, IL 60089
CORPORATE INCUMBENCY CERTIFICATE
The undersigned, janat M_ Sirabian. Village Clerk , of
the Village of Buffalo Grove, _Illinois , a(n)
Illinois municipaporporation, hereby certifies that as of the date set forth below, the following individuals are the duly
electea and acting offiae rs and /or authorized employees of the above -named corporation and that the signature next to each name
is the true and correct, signature of such person:
Name ature
Village President
Chairman of the Board Sidney Mathias Z;�Z
� eil�age Nana er
Cie x cutive Officer
President
&iet*ti %%cPa�bmceor
Vice President
Treasurer
&k4"e Clerk
Assistant Treasurer
Assistant Secretary
Other:
Joseph P. Tenerelli 10-
Janet M. Sirabian
IN WITNESS WHEREOF, I have affixed my name in my official capacity as Village Clerk and have
caused the seal of the corporation (if any) to be hereunto affixed, this 20th day of April , 19 98 .
AFFIX SEAL HERE (Z1 m.e.V TYV. Q
Title: Village Clerk
or
the corporation
has no seal
Rev. 11/97 incumb
American Enterprise Bank
•
600 N. Buffalo Grove Road
Buffalo Grove, IL 60089
American Enterprise Bank Permanent Signature Card
Additional Signers ACCOUNT NUMBER
Account Title for BUSINESS CHECKING
ACCOUNT NUMBER
LO�RE
DATE
Y OF SIG
1
ACCOUNT MAILING ADDRESS K
PRODUCT NUMBER
SIDNEY MATH
50 RAUPP BLVD
BUFFALO GROVE IL 60089'
ACCOUNT TAX ID
3#- ;:i'2SOS1
X Tr
The depositor(s) acknowledge(s) receipt of a coppy of the rules or agreements reg-
OFFICER
010
JAN IRABIAN
ulati this account and a ree(s) to be bound by them and b any amendments
to them. The depositor(s) certifies to the truthfulness of the tax withholding
certificate appearing on the reverse side. THE IRS DOES NOT REQUIRE YOUR
DOCUMENT OTHER THAN THE
BY
CONSENT TO ANY PROVISION OF THIS
CERTIFICATIONS REQUIRED TO AVOID BACKUP WITHHOLDING.
ACCEPTED
J Becker
X
TYPE OF ACCOUNT
XBILL
Corporation
BRIMM
REVIEWED BY
X
RP /OF
X
WILLIAM BALLING
Rev. 8/96 signfO6b
,1
Ew
TO:
William R.
Balling
FROM:
William H.
Brimm
DATE:
April 16,
1998
SUBJECT:
Corporate
Banking Resolution
• ITEM XI. (B)
Attached, please find a corporate banking resolution for review and consideration
by the President and Board of Trustees that authorized the opening of a banking
relationship between the Village and American Enterprise Bank. This relationship
is sought at this time to further diversify our base of depository institutions
that are within the Village. Deposits will be limited initially to certificates
of deposit drawn from fund currently within our account with the Illinois State
Treasurer's Investment Pool (IPTIP). Criterion for the maintenance of the
relationship will be adherence to our deposit and investment policies, a copy of
which will be sent to their attention upon approval of the resolution as well as
offering competitive rates for our deposits.
L JL ,(. Lt-
William H. Brimm