HomeMy WebLinkAboutRESOLUTION - 37-00 - 9/12/2000 - AUTHORIZE AMERICAN NAT'L BKRESOLUTION NO. 37-00
A RESOLUTION AUTHORIZING AMERICAN NATIONAL BANK TO UTILIZE
THE SERVICES OF THE FEDERAL RESERVE BANK OF CHICAGO FOR THE
CUSTODY OF SECURITIES PLEDGED TO THE VILLAGE OF ELK GROVE
RESOLVED, that the American National Bank utilize the services of the Federal
Reserve Bank of Chicago for the custody of securities pledged to the Village of Elk Grove or to
any of its agencies or departments, upon terms and conditions prescribed by the Federal Reserve
Bank of Chicago.
RESOLVED, that such securities deposited for custody with Federal Reserve Bank of
Chicago may be released from custody to American National Bank, upon the signature of : any
of the following: Assistant Director of Finance or Treasurer/Director.
RESOLVED, that the Village of Elk Grove forward a certified copy of this resolution to
Federal Reserve Bank of Chicago together with a certificate attesting to the names and signature
of the present incumbents of the offices described above: and that the Village of Elk Grove
further certify to the bank from time to time the signatures of any successors in office of any of
the present incumbents.
RESOLVED, that the Federal Reserve Bank of Chicago shall be fully discharged from
all liabilities or responsibility for any action carried out in accordance with this resolution and its
shall be entitled to rely on this resolution until it receives express written notice to the contrary in
the form of a certified copy of a subsequently enacted resolution.
RESOLVED, that this resolution shall supersede and cancel all previous resolutions
relating to the custody of securities at Federal Reserve Bank of Chicago.
RESOLVED, that this resolution shall be in full force and effect from and after is
passage an approval according to law.
VOTE: AYES: 5
NAYS:
0 ABSENT: 0
ABSTAIN: 1
PASSED this 12th
day of
September
, 2000.
APPROVED this 12th
day of
September
2000.
Craig B. Johnson
Village President
ATTEST:
Ann I. Walsh
Village Clerk
ResAmericanNationa[Rank.doc
I hereby certify that the foregoing is a true and correct copy of a Resolution of the Village
President and Board of Trustees of the Village of Elk Grove, adopted at a meeting of said Board
duly called and held on the 12th day of September , 2000, a quorum being present, as said
Resolution remains of record in the minutes of said meeting and it is now in full force and effect.
Dated 12th day of September, 2000.
Ann I. Walsh
Village Clerk
Corporate Seal — Village of Elk Grove
Signature Guaranteed
By: Thomas Hackett
Title: First Vice President
Corporate Seal — American National Bank