HomeMy WebLinkAboutRESOLUTION - 24-92 - 4/14/1992 - SIGNATORIES FEDERAL RESERVE BANK OF CHGORESOLUTION NO. 24-92
A RESOLUTION DESIGNATING A DEPOSITORY FOR SECURITIES AND
AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE SIGNATORIES
(FEDERAL RESERVE BANK OF CHICAGO)
WHEREAS, it has been recommended that the best interest of the Village
of Elk Grove Village would be served by maintaining the Federal Reserve
Bank of Chicago, Illinois as a designated depository in which certain
securities of the Village of Elk Grove Village may be held in custody; and
WHEREAS, certain officials previously designated as appropriate
signatories have since left office and new signatories must be designated.
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois:
Section 1: That the Resolution required from the bank listed in
Section 2, requiring designated and authorized signatories, are hereby
approved to be initially executed and revised from time to time as required
as a result of resignation or termination of employment or term of office,
as the case may be, of those officials designated on said Resolution.
Section 2: That the Bank to which this Resolution is applicable is as
follows:
Continental Illinois National Bank & Trust Company of Chicago
Section 3: That the following officials are designated to direct the
release, replacement and substitution of securities pledged to the Village
of Elk Grove Village: Village Treasurer and Assistant Village Treasurer.
Section 4: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 14th day of April , 1992.
APPROVED this 14th day of April , 1992.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk