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RESOLUTION N0, 1'J -(02 <br />A RESOLUTION AUTHORIZING THE VILLAGE TREASURER OF <br />THE VILLAGE OF ELK GROVE VILLAGE TO PAY TO THE <br />CENTRAL NATIONAL BANK OF CHICAGO A SUM SUFFICIENT <br />TO GUARANTEE INTEREST DUE FEBRUARY 1, 1963 ON <br />WORKING CASH FUND BONDS DATED JULY 1, 1962 <br />NOW, THEREFORE, BE IT RESOLVED by the President and <br />Board of Trustees of the Village of Elk Grove Village, Counties <br />of Cook and DuPage, Illinois: <br />Section 1. That the Village Treasurer is hereby <br />directed to immediately and forthwith pay to the Central National <br />Bank of Chicago the sum of $1,995 from the proceeds to be received <br />from the sale of the $100,000 Working Cash Fund Bonds dated July <br />1, 1962, said payment to be held by the Central National Bank of <br />Chicago in an escrow or trust account solely and only for the <br />purpose of promptly paying the interest due on February 19 1963 <br />on said bonds, said arrangement being made so as to secure the <br />holders of said bonds and to assure them of the payment of inter- <br />est on the date stated. <br />Section 2. That the Village Treasurer is further <br />authorised to execute any and all documents which are necessary <br />to accomplish the foregoing. <br />Section 3. That this resolution shall be in full force <br />and offset from and after its passage and approval according to <br />law. <br />PASSED this G day of , 1962. <br />AFFROVED this day of 1962. <br />Attests <br />V111 -age Cler <br />